Includes 100 most innovative technology companies serving the U.S. mortgage, finance and real estate industries

IRVINE, Calif., March 20, 2015 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it has been included in the 2015 HW TECH100™ listing, which recognizes the 100 most innovative technology companies serving the U.S. mortgage, finance and real estate industries.

This award honors the 100 technology companies making a significant impact on the mortgage, finance and real estate industries. More than 250 companies were evaluated by HousingWire editors for this year’s list, which looks at technology innovation along six different categories: uniqueness of solution, growth, market influence, market potential, elegance of implementation, and “something else entirely”—a catch-all for disruption and other factors that drive innovation.

“Technology is changing both the mortgage and real estate industries in tangible and positive ways,” said Paul Jackson, publisher & CEO. “The honorees that are part of the 2015 HW TECH100™ are shaping this revolution, helping forge the future of an industry that drives the U.S. economic engine.”

“This year, we were struck by the level of innovation we saw, with 40 new additions to the HW TECH100™,” said Jacob Gaffney, Executive Editor at HousingWire. “That speaks to how much change is taking place in the mortgage industry overall right now; we’re seeing a lot of market disruption, and technology providers are clearly taking advantage of that opportunity.”

“Our Accounting for Mortgage Bankers solution has evolved with the mortgage industry and represents a collaboration of intelligent design and industry best practices,” said Brian Lynch, president of Advantage Systems. “We are honored to be named on this prestigious listing of innovative technology companies.”

More information about the 2015 HW TECH100™ is available at: http://tech100.housingwire.com.

Acts as a resource for mortgage bankers looking for accounting solutions

IRVINE, Calif., Dec. 17, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced the launch of its new website, which offers greater detail into the company’s Accounting for Mortgage Bankers (AMB) product’s features.
Advantage Systems designed the website to showcase its product offerings, giving visitors specific details about these products’ capabilities.
The new website’s interface is easy to navigate, responsive to mobile devices and clearly outlines the company’s extensive history in the mortgage industry. Additionally, the website’s FAQ page offers precise details about the AMB system requirements and the upgraded features of version 6.9.
“Our new website acts as a more useful resource to visitors and better reflects our company’s updated brand,” said Brian Lynch, president of Advantage Systems. “We are proud of our new digital storefront and how it represents our company, culture and AMB product.”

MEDIA CONTACT:
Debbie Harris
William Mills Agency
678-781-7220
deborah@williammills.com

IRVINE, Calif., Oct. 20, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry for more than 20 years, today announced it is celebrating the following client relationships that have lasted 15 or more years: Continental Home Loans, Cherry Creek Mortgage Company, Ross Mortgage Corporation, South Pacific Financial Corporation, Hometrust Mortgage and Gershman Mortgage.

The company’s Accounting for Mortgage Bankers product, a solution created specifically for the mortgage industry, provides more than 250 mortgage companies with the financial reporting tools they need to evaluate profitability by loan, loan officer and branch and calculate complex commissions. The company’s web-based reporting solution enables branch managers to access comprehensive and detailed financial data in real-time to make timely strategic decisions that maximize profit. As a result, Advantage Systems has developed an extremely loyal and long term client base.

“Our company’s long-term success is a direct result of our ability to provide lenders with accounting solutions that help them maximize profit and reduce the time and cost associated with accounting processes,” said Brian Lynch, president of Advantage Systems. “Our products give clients the edge they need to compete more effectively.”

Reduces time, costs associated with implementation

IRVINE, Calif., Aug. 27, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, today announced Bellevue Washington-based Evergreen Home Loans completed an implementation of its Accounting for Mortgage Bankers (AMB) system, an accounting system designed specifically to meet the needs of mortgage bankers, in less time than expected and significantly under budget.

Advantage Systems’ extensive experience implementing its AMB product over the last 23 years combined with the product’s built-in capability to import data, which eliminates the burden of manually entering information, contributed to a significant reduction in the time and cost typically expected of a project this size. Also contributing to the savings was the fact that AMB comes with more than 500 prebuilt reports, including its General Ledger Reconciliation and Transactions by Loan Number reports, which have proven invaluable to managing loan-level detail. Having this body of reports eliminates the traditional requirement of building these reports from scratch. The final ingredient was some very talented people at Evergreen that ensured the success of the project.

Since launching AMB in October of 2013, Evergreen has been able to fully automate its accounting processes. Additionally, users can drill down from a branch P&L complete with loan volume data to the transactions comprising the P&L.

“Advantage Systems’ extensive experience implementing AMB enabled us to get the system up and running quickly so that we could focus on more important things, such as growth,” said Heather Sparby, accounting supervisor at Evergreen Home Loans.

“AMB was designed specifically to meet the needs of the mortgage industry,” said Brian Lynch, president of Advantage Systems. “As a result, lenders spend less time implementing the software and more time originating loans. The Evergreen team has done a great job of partnering with us to implement AMB in the fastest and most cost effective manner possible.”

IRVINE, Calif., August 7, 2014 – Advantage Systems, a provider of accounting and financial management software for the mortgage industry since 1986, has upgraded the Advanced Reporting Module within its Accounting for Mortgage Bankers (AMB) product to comply with version three of the Nationwide Mortgage Licensing System call report, which states that submitted XML files that do not adhere to new requirements regarding the order of items presented within financial schedules will be rejected.

The Advanced Reporting Module enables lenders to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, which mandates all state mortgage licensees have to submit a mortgage call report on its financial condition and loan activity to NMLS on a quarterly basis. Using the updated module, these reports are submitted faster and more accurately so lenders can focus on other areas of their businesses, such as growth and enhancing profitability. The module also comes with pre-built templates for the various schedules comprising the “Financial Component” of the NMLS call report.

“Our upgrade reduces the time and headache factor associated with keeping up with changing regulatory requirements,” said Brian Lynch, president and founder of Advantage Systems. “The Advanced Reporting Module enables lenders to significantly reduce the time it takes to complete the NMLS call report.”

Accounting solution supports growth, automates accounting processes and increases efficiency

IRVINE, Calif., June 2, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, today announced Chino Hills Calif.-based American Financial Network, Inc. used its Accounting for Mortgage Bankers (AMB) system to add 50 new mortgage branches and double loan volume.

As a rapidly growing mortgage company, American Financial Network needed an accounting system that would scale up or down based on loan volumes and enable it to provide its branch managers with critical financial information, such as profit and loss, in real-time. In December 2010, the company chose AMB. Since launching the AMB solution, the company fully automated its accounting processes, increased loan volume and grew its branch network without having to hire additional accounting staff.

“AMB enables us to grow more efficiently, increase the accuracy of our financial reporting and provide our branch managers, regional managers and executive team with the financial information they need to do their jobs more effectively,” said Barbara Bowles, Controller of American Financial Network.

“Our technology enables lenders to automate accounting processes so that they can focus on growth and funding loans rather than administrative tasks,” said Brian Lynch president of Advantage Systems. “American Financial Network’s executive team has done a great job of utilizing AMB to support their national growth strategy.”