Easing the Load: How AMB Software Transforms Mortgage Accounting

Working in mortgage accounting, we all know the drill—mountains of paperwork, tight deadlines, and the ever-present pressure to be accurate. It’s no walk in the park, and the burnout? Real.

That’s where Advantage Systems steps in with our AMB software, designed to make our lives a bit easier.

Daily Grind in Mortgage Accounting

Let’s talk about the day-to-day realities. You’ve got stacks of invoices and financial documents, each with its own set of compliance rules. And then there’s tax season, when “busy” is an understatement.

It’s during these times that the workload can feel endless, and the stress meter goes off the charts.

How AMB Helps Us Keep Cool

So, how does AMB software help smooth things out? For starters, it cuts down on our manual data entry big time. Imagine automating some of the most time-consuming tasks so you can focus on the big-picture stuff.

And when you need a report? It’s just a few clicks away, no more digging through files for hours.

Automated Workflows: From data entry to financial reporting, automation is key. It keeps things moving fast and reduces those pesky errors that can creep in during manual handling. You can fix your books: AMB allows authorized managers to repair simple mistakes. You get a clean set of books with an automatic “undeletable” audit trail of the repairs, all done very quickly.

Real-Time Access: Need up-to-date figures for a meeting? No problem. AMB gives you real-time data so you can make informed decisions without delay.

Customized to Our Needs: Every team has its own workflow. AMB adapts to how you work, not the other way around, making it feel like it was built just for you.

A Partner in Your Professional Journey

At Advantage Systems, our AMB software does a lot more than streamline your workflow; it provides tangible support right where you need it. Here’s how AMB stands out:

Customized Tools: Every feature is crafted to address the unique challenges of mortgage accounting, making your job easier.

Regular Updates: We keep the software up-to-date with the latest industry changes and enhancements.

Expert Help: If you encounter any issues, our dedicated support team is just a call or click away to help you resolve them efficiently.

Wrapping It Up

We all chose this field because we’re good at it, and with AMB, we can be even better—less stressed, more efficient, and ready to tackle whatever comes our way in the mortgage world.

Ready to Make a Change?

If you’re tired of the constant pressure and endless paperwork, check out what AMB can do for you. Head over to our website and see how we can help you transform your day-to-day work life into something a lot more manageable—and a lot less stressful.

Stuck in the Past: How Outdated Software Is Holding Back Your Mortgage Business

Sitting in the bustling office of a mortgage brokerage, it’s easy to spot the signs of a team wrestling with outdated software.

The constant clicking of keyboards as accountants re-enter data into multiple systems and spreadsheets, the sighs from branch managers as they wait for reports that take forever to generate, and the strategic discussions by executives hindered by a lack of real-time data.

It’s a scene all too familiar, and frankly, it’s holding your business back.

The Real-World Problems:

Branch Managers: Juggling client relationships and loan origination efficiency, all while trying to grow the business.

Accountants: Struggling with manual data entry, error-prone processes, and delayed financial reporting.

Executive Decision Makers: Making strategic decisions without access to real-time or accurate data.

Voices from the Field:

Dave Stevens, with his extensive background as CEO of Mountain Lake Consulting and former head of the Mortgage Bankers Association, offers a critical perspective on today’s mortgage landscape.

Highlighted in discussions with National Mortgage News and HousingWire, Stevens points to significant challenges ahead, emphasizing the need for the industry to embrace change and innovation.

His insights underscore the importance of preparing for a tough market environment and leveraging strategic foresight to navigate the complexities of homeownership and mortgage banking today.

The Drag of Outdated Software:

Picture this: It’s Monday morning at the office, and the team is already bogged down. There’s a palpable tension as branch managers struggle to compile weekly reports — a process that should be straightforward but is mired in inefficiency due to clunky, outdated software.

Accountants are manually re-entering loan information across disparate systems and spreadsheets, a redundant task ripe for errors and discrepancies.

Executives are making calls based on data that’s a week old, knowing well the market waits for no one. It’s like being in a boat race, paddling furiously with a spoon.

The frustration goes beyond pace when the realization sets in that opportunities are slipping through fingers because the tools being used are from the last decade.

Embracing Newer Technologies:

Now, imagine a different scene: With a switch to modern software solutions like AMB 7 Sierra, the office atmosphere is transformed. Routine tasks that once ate up hours are now handled automatically, freeing your team to focus on what truly matters — growth.

Branch managers open their dashboards to see real-time data reflecting the current state of affairs, allowing them to make swift, informed decisions.

Accountants celebrate the end of data silos, as loan information flows seamlessly from one system to another, ensuring accuracy and saving precious time.

Executives strategize with the latest market insights at their fingertips, confident in the knowledge that they’re steering the ship with the best navigational tools available.

This is a complete overhaul of how your brokerage operates:

  • Empowering Growth: By automating the mundane, your team can focus on strategic initiatives.
  • Enabling Decisions: Real-time data transforms decision-making from guesswork into a science.
  • Enhancing Integration: Seamless tool integration means your systems work together as a cohesive unit, not isolated islands.

Advantage Systems, Inc.’s Solution:

At Advantage Systems, Inc. (ASI), we’ve been next to you, listening and understanding the daily grind. Our software, including the web based AMB 7 Sierra, is designed to tackle these exact challenges.

It’s user-friendly, integrates seamlessly with your existing systems, and most importantly, it’s built for the mortgage industry’s unique needs.

The journey from outdated to cutting-edge can seem daunting, but with ASI, you’re not making it alone. We’re here to guide you, support you, and celebrate as you unlock new levels of efficiency and growth.

Feeling the Drag of Outdated Software?

If the scenarios above hit a little too close to home, it’s time to consider how the AMB software can usher your mortgage business into a new era of efficiency and opportunity.

Don’t let outdated software dictate your pace in the competitive mortgage industry. Embrace the transformation with AMB 7 Sierra and turn those missed opportunities into milestones of success.

Advantage Systems’ Joe Ludlow: Breaking Down the Complexity of Vendor Management Across the Branch Network

In this time of low volumes and tight margins, many lenders are scrutinizing expenses more closely and seeking innovative ways to enhance efficiencies and gain greater control over their operations. One area that is ripe for improvement is vendor management – particularly within a mortgage lender’s branch network.

For lenders, effective communication with their branch managers is key. Successful vendor and expense management creates proper detail and documentation that flows through to the branch manager’s online portal, creating self-service research capabilities and instilling confidence in branch managers. The trick is to do it with a better, more comprehensive accounting workflow, while the best of these systems incorporate easy-to-use portals for internal manager expense approval.

Read more at: Mortgage Bankers Association

April 17, 2024

Joe Ludlow of Advantage Systems: What Is Ahead For Mortgage Lending In 2024?

In today’s higher interest rate, lower volume, purchase loan environment, success for lenders often hinges on having “feet on the street,” meaning community-based branch locations with local loan officers familiar with the market and realtors. This is driving an industry trend of more lenders looking to establish localized branch networks to seize specific market opportunities.

Rather than investing in costly corporate-controlled branches, lenders are favoring a more entrepreneurial approach to the branch network model, recruiting experienced loan officers already operating within their target markets and entering into contractual agreements with them to operate a branch location under the lender’s brand.

Read more at: Progress in Lending Association

January 1, 2024

Joe Ludlow of Advantage Systems: The Power Of Bank Branches With Loan Officers

“Branches now are becoming more important. Loan officers are becoming more important,” Ludlow said. “I think the trend in the market in the next few years will be the formation of more branches.”

Advantage Systems is a provider of accounting and financial management tools for the mortgage industry. They work with banks, credit unions, independent mortgage companies, and wholesale lenders.

Last month, the company announced a new feature that offers enhanced reporting capabilities to deliver greater levels of transparency and a better analysis of the contribution each branch is making to the overall company.

Read more at: The Mortgage Note

December 19, 2023

2023 MBA AFM Conference

Advantage Systems attended the MBA AFM Conference in New Orleans, LA from November 15 – 17, 2023.

Advantage Systems Enhances AMB Sierra with Full Branch Impact Capabilities, Gives Executives Deeper View into Individual Branch Performance

IRVINE, Calif., November 17, 2023Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today the availability of its new Full Branch Impact feature as part of the recently enhanced AMB Sierra platform.

For mortgage professionals tasked with overseeing a lender’s branch network, simply viewing an income statement for a specific branch does not provide a comprehensive understanding of its true performance. The complexity arises from the fact that certain components of income generated by a branch might be allocated to entirely different cost centers, such as corporate or secondary marketing. To obtain a holistic view of a branch’s performance, executives must scrutinize not only the income accrued at the loan level from loans originating at that branch, but also additional operating expenses, including payroll and rent, among others.

AMB Sierra’s Full Branch Impact feature offers enhanced reporting capabilities to deliver greater levels of transparency and a better analysis of the contribution each branch is making to the overall company. All of this is done in real time within a controlled environment, ensuring that those reading these reports only see the activity for those branches to which they have been granted access. Regional managers only see the activity for the branches they manage, while C-suite executives running the same report see the full impact of loans originated by a branch or group of branches.

“With access to granular, loan-level insights, lenders can develop a comprehensive view of income allocation and branch performance, paving the way for more data-driven decisions to optimize operations and improve profitability,” said Brian Lynch, president of Advantage Systems. “AMB Sierra’s Full Branch Impact feature transcends traditional reporting constraints, ultimately empowering mortgage lenders to better manage their branches, enhance corporate’s financial performance and adapt to changing market conditions with confidence.”

About Advantage Systems

Founded in 1986, Irvine, Calif.-based Advantage Systems is a provider of accounting and contract management tools for the mortgage and real estate industries. Advantage Systems’ Accounting for Mortgage Bankers (AMB) was developed in response to the need the company saw for a general ledger accounting product that could eliminate the spread sheets and manage the loan level detail required by the mortgage banking industry. In so doing, AMB gives its users the tool they need to be confident about the data being reported to management and others. For more information, visit www.mortgageaccounting.com.

Media Contact:

Augusta Bauknight

William Mills Agency



Joe Ludlow of Advantage Systems: Real World Applications for Real-Time Data, A Branch Manager’s Perspective

When it comes to the loan application process, lenders have been riding the real-time data wave for quite a while. With the ability to quickly verify borrower income and employment, paired with up-to-the-minute updates on appraisal, flood and title services, time-to-close is a fraction of what it used to be.

The challenge for many lenders today is actually one of “data overload” as they work to convert “available” data into “actionable” data. Some are finding success, however, and modern lenders like MortgageRight are effectively leveraging real-time data within their day-to-day operations to gain loan-level detail across their entire branch network, supporting loan production as well as recruiting and branch network expansion initiatives.

MBA NewsLink interviewed MortgageRight Director of Strategic Growth and Branch Manager Mike Russo and Advantage Systems Vice President Joe Ludlow.

Read more at: Mortgage Bankers Association

September 25, 2023