Advantage Systems Announces Dates, Topic Tracks for Upcoming User Conference

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Two-day event includes sessions on budgeting analysis, payment alternatives, exit strategies

IRVINE, Calif., May 10, 2022 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced that its sixth annual user conference is scheduled to be held at the Balboa Bay Resort in Newport Beach, Calif. on June 23-24. Advantage Systems is carefully monitoring CDC reports and updates and is hopeful that COVID-19 conditions will continue to improve leading up to the planned in-person event.
Highlighted at this year’s conference will be AMB 7 Sierra, a browser-based version of the popular AMB software that provides state-of-the-art dashboard presentation and reporting capabilities with quick access for branch managers and C-level executives alike.

In addition to showcasing AMB 7 Sierra, the conference will be an opportunity for Advantage Systems’ customers to connect, collaborate, and learn valuable strategic information to help them succeed in an increasingly digital, decentralized, modern mortgage industry. Advantage Systems personnel and industry guest speakers will lead workshops and training sessions on the following, among other topics:

  • Budgeting and Break-Even Analysis
  • Payment Alternatives – ACH, single use credit cards, MBFRF, multi-account reconciliation and the funded loan report
  • How AMB can support lenders’ exit strategies
  • Commissions
  • Financial Reporting

“Our user conference is an excellent opportunity to demonstrate the improved features of our mortgage accounting software while allowing our customers to provide valuable feedback,” said Brian Lynch, president of Advantage Systems. “This year, the AMB User conference emphasizes user input. The conference will allow our users to come together to discuss topics with their peers in the industry, and we will use this insight to further guide future AMB development.”

Attendees are also invited to join a harbor cruise with dinner on June 23. For more information on the AMB 6th annual user conference, view the agenda here.

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
678-781-7214
augusta@williammills.com 

Brian Lynch of Advantage Systems: The Mortgage Industry Has a Talent Problem That Demands Operational Change To Overcome

AMB-Cloud-based-solution

“Prior to 2020, the mortgage industry was facing a serious staffing problem. The pandemic in 2020 continued this problem as both young and experienced mortgage professionals rapidly left the industry. The efforts of the pandemic changed employees’ expected environment and flexibility, which forced lenders to reconsider how they were currently managing their business. The solution to their problem was a Cloud-based platform that gave staff flexibility and easy data access.”

Read more on MBA NewsLink

April 27, 2022

MBA Technology Solutions Conference & Expo 2022

MBA Tech Conference 2022

AMB attended the MBA Technology Solutions Conference & Expo in Las Vegas, Nevada. where they discussed the latest AMB 7 Sierra updates.

AMB 7 Sierra is ideal for remote workers because It is fully browser-based and cloud friendly. The AMB 7 Sierra dashboard and reporting platforms provide unparalleled access to your data. The extensive capability to drill down, up and through the data gives managers at all levels a great view of their operation.

LoanSnap Taps Advantage Systems To Automate Accounting Workflows; Fully Implemented Within 60 Days

LoanSnap Taps Advantage Systems To Automate Accounting Workflows; Fully Implemented Within 60 Days

Irvine, Calif., March 9, 2022Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced that California-based LoanSnap Inc, has selected implemented its mortgage accounting automation solution, Accounting for Mortgage Bankers (AMB), including the AMB Sierra dashboard and reporting capabilities for both branch users and executives.

LoanSnap has been growing rapidly and needed a scalable accounting system that could keep pace with its growth. Following a rapid implementation period of only 52 days, LoanSnap is better positioned to gain more meaningful operational efficiencies through greater levels of automation, including a real-time environment for its staff to quickly and easily calculate loan officer commissions; view loan-level detail; and generate internal, as well as external, reports.

“When growing at our pace, you need a system that is going to easily pass audits and scrutiny and provide you with the data and reporting you need to make decisions to support the business,” said Carol Mathis, Director of Finance and Accounting at LoanSnap. “AMB Sierra provides us with a nice, clean audit trail, allowing us to meet these standards with little customization needed. This was our first time working with Advantage Systems and utilizing their online implementation checklist made the process straightforward and easy.”

“LoanSnap has built a reputation on providing the highest quality of service to its customers. This swift application of our products and services in less than 60 days proves their team has the people power and vision to expertly install and utilize fintech” said Brian Lynch, president of Advantage Systems. “As an innovative, modern lender, LoanSnap is equally committed to ensuring that its own internal staff have access to the latest, best technology tools. I am proud of the hard work of our teams who accelerated implementation without sacrificing functionality or attention to detail.”

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:
David Savini
William Mills Agency
678-781-7203
davids@williammills.com

MBA Accounting and Financial Management Conference 2021

AMB-AFM-Nashville

AMB attended the MBA Accounting and Financial Management Conference in Nashville, Tennessee where they discussed the latest AMB 7 Sierra updates.

AMB 7 Sierra is a fully browser-based system that is easily deployable, giving users the ability to work from anywhere! AMB 7 Sierra includes our most complete reporting package with an extensive capability to drill down, up, and through the data. Start with AMB’s online graphs and reports or connect through AMBfx from your spreadsheet. The newly enhanced importing functionality is faster than earlier versions and maintains the ease-of-use our clients have come to expect.

MBA Annual Convention & Expo 2021

Advantage Systems attended the MBA Annual Convention & Expo on October 17-20, 2021 in San Diego, California. Advantage Systems was located at booth #909, where they provided demonstrations of AMB 7 Sierra. AMB 7 Sierra is a fully browser-based system that is easily deployable, giving users the ability to work from anywhere! AMB 7 Sierra includes our most complete reporting package with an extensive capability to drill down, up, and through the data. Start with AMB’s online graphs and reports or connect through AMBfx from your spreadsheet. The newly enhanced importing functionality is faster than earlier versions and maintains the ease-of-use our clients have come to expect.

Advantage Systems Announces Availability of its Sierra Import Module at the Mortgage Bankers Association 2021 Annual Convention & Expo

Irvine, Calif., Oct. 18, 2021Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced the official availability of its new Sierra Import Module at the MBA Annual Convention & Expo. The Import module is a major component of the AMB Accounting for Mortgage Bankers system and represents a substantial leap forward in the completion of the AMB7-Sierra version. This new capability provides a faster, easy to use, browser-based platform to import data to AMB.

Through greater levels of automation, Advantage Systems’ Sierra Import Module positions lenders to gain meaningful operational efficiencies in the process of collecting, importing and storing crucial loan documentation. Available to all new – and as an upgrade to existing — Advantage Systems clients, the browser-based module is particularly beneficial for lenders who are currently managing distributed, remote workforces.

“From the first version of AMB the capability to import transaction data was essential to the task of recording transactions at loan level. Our team works diligently to leverage our industry experience and design tools that help our lender clients operate more efficiently and profitably,” said Brian Lynch, President of Advantage Systems. “With our Sierra Import Module, lenders are able to cost-effectively leverage the latest technology to help their staffs better manage the complexities of modern mortgage accounting.”

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:
David Savini
William Mills Agency
678-781-7203
davids@williammills.com

AMB Zoominar 2021 Summer Series

In lieu of the traditional User Conference, Advantage Systems hosted their first ever AMB Zoominar Summer Series. The webinars took a deep dive into AMB’s latest ApprovalSoft®, Commission, and Sierra features. Advantage Systems provided demonstrations & updates and answered questions. The webinars were hosted on Fridays during summer 2021.

Advantage Systems Announces Updates to its ApprovalSoft® Mortgage Accounting Solution, Adds Invoice Splitting Feature

IRVINE, Calif., July 27, 2021Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today enhancements to its ApprovalSoft® solution, which includes a new invoice splitting feature as well as general updates to the system, improving its speed, documentation and automation capabilities.

In the company’s latest string of software upgrades, the principal update includes its invoice splitting function. The newest feature allows the user to easily create separate “approvables” for each invoice within an invoice package. Previously, the accounting department was forced to manually print, and re-scan each approvable within an invoice package, which means the improvements to ApprovalSoft will now result in reduced stress, time and manual labor for mortgage accountants.

“Our ApprovalSoft system – which can be easily integrated with various accounting or ERP systems, including our Accounting for Mortgage Bankers (AMB) solution – is designed to help companies manage vendor invoices and streamline internal approval processes,” said Brian Lynch, President and Founder of Advantage Systems. “The ApprovalSoft system has now been updated to be better, faster and more automated, with the addition of the invoice spitting feature, we are meeting the reality of how invoices are submitted to the Accounts Payable department and making the entire process easier and more accurate.”

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
David Savini
William Mills Agency
678-781-7203
davids@williammills.com