During mortgage industry downturn, company assists lenders in increasing efficiency

IRVINE, Calif., March 2, 2010 – Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that it posted record sales in 2009, surpassing its previous highest sales year of 2006 by 6 percent. The sales figure represents a 28% increase over 2008. The company cites increased sales of the Web Based Branch Reporting Tool within its Accounting for Mortgage Bankers (AMB) system as a strong driver of the growth.

“We have seen a strong growth trend of larger mortgage lenders expanding their network of branches,” said Brian Lynch, president of Advantage Systems. “The Web-based
reporting tool within AMB enables each branch manager to access information about their
branch without requiring the assistance of corporate support personnel. Branch managers see data in real time while the corporate office improves time and cost-efficiency.”

In addition to the Web Based Reporting tool, Advantage Systems released AMB’s
second generation commission calculation module and enhancements to its imaging function in 2009, further assisting mortgage bankers accomplish more work with smaller budgets and staffs.

“Despite the challenges in the mortgage industry, Advantage Systems was able to
achieve record growth due to our continued focus on developing products that drastically increase efficiency and decrease operating costs for lenders,” said Brian Lynch, president of Advantage Systems. “In our 24 year history, we have experienced these ups and downs before and are prepared to help lenders grow in 2010.”

AMB is an accounting system that was specifically designed for mortgage bankers to
provide loan-level detail of accounting transactions. The system provides general ledger, accounts payable and report writing capabilities.

CONTACT: Bevin Rochester
Media contact for Advantage Systems
678-781-7215

IRVINE, Calif., Jan. 20, 2009 – Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that 1,043 mortgage branches at 24 different lending organizations currently use the Web Based Branch Reporting Tool within Advantage Systems’ Accounting for Mortgage Bankers (AMB) system.

The AMB tool enables mortgage lenders to provide their branch locations with real-time information such as loan-level accounting reports, branch profit and loss reports, branch check register and originator performance reports.

The 23-year-old technology provider also experienced double-digit sales growth in 2008 over the previous year, contrary to downward spending trends the mortgage technology industry faced last year. Other 2008 highlights include the following:

• The launch of a dashboard analytics feature to AMB that easily displays real-time
• data for use by presidents, CEOs and non-accounting staff
• Inclusion of a security feature to AMB that enables users to limit access to individualbank accounts
• The release of the second generation of its Commission Calculation Module in AMB

“We increased sales of our AMB mortgage accounting system by providing added features that meet the evolving needs of mortgage lenders such as our Web Based Branch Reporting Tool or the enhanced Commission Calculation Module,” said Brian Lynch, president of Advantage Systems.

AMB is an accounting system that was specifically designed for mortgage bankers to provide loan-level detail of accounting transactions. The system provides general ledger, accounts payable and report writing capabilities.

CONTACT: Sarah Cannon
Media contact for Advantage Systems
678-781-7216

Uses mortgage-specific technology to enhance efficiency; make sounder business decisions

IRVINE, Calif., Feb. 9, 2010 – Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that Mesa, Ariz.- based Cascade Financial Services selected Advantage Systems’ Accounting for Mortgage Bankers (AMB) automated accounting system to address the lender’s mortgage accounting needs.

After searching for an accounting system that catered to mortgage bankers, Cascade was introduced to Advantage Systems and participated in several demos. AMB was chosen by the company for its industry-specific software, loan-level, general ledger detail and flexibility.

“Advantage Systems’ AMB has enabled us to easily import borrower and transaction data without having to key each entry individually. The loan-level P&L reporting also helps us to clearly track all accounting aspects for a particular loan and better manage our profitability,” said Wayne Bond, chief financial officer for Cascade Financial Services. “In addition, we utilize AMB when selling Ginnie Mae securities, as well as in the construction lending side of our business, all without making any modifications to the product.”

“In the current economic environment, lending organizations such as Cascade must have a heightened awareness of all of its financial details. Using AMB, Cascade is able to track all aspects of accounting across the business, down to the loan level, providing detailed, accurate P&L statistics that enable the company’s leadership to make better strategic decisions,” said Brian Lynch, president of Advantage Systems.

AMB, an automated accounting system specifically designed for mortgage lenders, provides general ledger, report writing capabilities, and a Web-based branch reporting module for branch managers, along with a module to calculate commissions, bonuses and overrides.

CONTACT: Bevin Rochester
Media contact for Advantage Systems
678-781-7215