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 

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
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

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