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.
Irvine, Calif., March 9, 2022 – Advantage 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
Diamond Residential Mortgage Corporation (DRMC), a client of Advantage Systems, has announced that it
produced over $1 billion in loan volume for the second year in a row.
Non-QM lender Diamond Residential Mortgage tops $1 billion in loan originations
February 17, 2022
Read more on Mortgage Professional America.
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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.
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.
Irvine, Calif., Oct. 18, 2021 – Advantage 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
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.
IRVINE, Calif., July 27, 2021 – Advantage 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
Joe Ludlow: Lenders Need Knowledge and Expertise to Capitalize on the Purchase Market
MortgageOrb
July 14, 2021
Read more on MortgageOrb.
Be Nimble: Compensation software must handle the complexities of a competitive mortgage world
By Joe Ludlow, Vice President of Advantage Systems
Scotsman Guide
Read more in the PDF of this month’s edition of Scotsman Guide.
