Advantage Systems Rolls Out Phase II of its AMB-7 Version at its Fifth Annual AMB User Conference for Mortgage Accounting Professionals

IRVINE, Calif., July 09, 2019 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced the rollout of phase II of its AMB-7 version at its fifth annual AMB User Conference at the Balboa Bay Resort in Newport Beach, Calif. on June 21-22.

Phase II of the AMB-7 version includes the full reporting package of the AMB product, which allows users to view reports in a fully browser-based environment. The new version provides extensive capability to drill down, up and through the data as well as an option, on many reports, to take the data to a grid instead of a traditional report.

The annual user conference offered an exceptional opportunity for users to talk to ASI personnel as well as other clients about AMB and the issues of the day. The conference also allowed ASI the opportunity to showcase changes to its AMB, ApprovalSoft and Commission products and to provide training that is enhanced by real users’ experiences.

“Our user conference is an opportunity for AMB and ApprovalSoft users to learn more about our software solutions, network with other users and address issues and hopes for future versions of the solutions,” said Brian Lynch, president and founder of Advantage Systems. “The rollout of phase II of our AMB-7 version of the software coincided perfectly with the user conference and allowed users to see that all the work we’ve put into AMB7-Sierra is finally coming together. From C-level execs to accounting users to branch managers and even loan officers, seeing accurate, timely and relevant data in real time has never been so easy. Whether you view this data through a dashboard of KPIs, a grid or a pre-defined report, performance has been optimized and the data is controlled, so that users only see what they’re supposed to see.”


Rachel Smedley


Advantage Systems Announces Fifth Annual User Conference for Mortgage Accounting Professionals

Provides learning and training sessions for AMB mortgage accounting software and networking opportunities –

IRVINE, Calif., June 4, 2019 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced its fifth annual user conference for users of its Accounting for Mortgage Bankers (AMB) and ApprovalSoft solutions. The conference will be held at the Balboa Bay Resort in Newport Beach, Calif. on June 20-21. 

            The official rollout of the new AMB 7 Sierra version of the company’s AMB solution will be highlighted at this year’s conference. This browser-based version of the AMB software is user-friendly and provides state-of-the-art dashboard presentation and reporting abilities with quick access for branch managers and C-level executives.  

 In addition to showcasing the new AMB7-Sierra version, industry experts from Moss Adams and Verity will discuss opportunities in Offshoring and a panel of AMB veterans will discuss Liquidity management.  Henry Chavez of Spiegel Accounting will provide a breakout session on ASC 842, the new lease accounting standard which will be required for privately held companies by January 1, 2020.  Additional Breakout sessions will focus on specific modules such as AMBfx, formerly called the “Excel Reporting Tool”, Approvalsoft® and Commissions along with a whiteboard session where Advantage Systems hosts a Q & A for software feedback to help drive the list of software enhancements for the next year.

Round table and bootcamp sessions will also be provided to allow clients a more focused training on various modules and functions within the software.

            “The user conference has proved to be beneficial year-after-year in showing our users new and improved features of our mortgage accounting software while additionally allowing them to converse with our team to express what they need our solutions to do for them.” said Brian Lynch, president of Advantage Systems. “Over the last five years, the AMB User conference has allowed users to come together to build relationships with other users, learn how to use functions within the software and to advance the direction of software development.

 Please visit the company’s website to register. Media interested in attending the event should contact Chuck Meyers at or 678-781-7204.

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


Chuck Meyers


Advantage Systems Updates Accounting for Mortgage Bankers (AMB) Solution

– Provides mortgage lenders with more payment options; reporting capabilities –

IRVINE, Calif., Mar. 14, 2019 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced it has released the latest update to its AMB solution, an accounting system specifically designed for mortgage lenders.

            Key updates focus on giving users more choices and additional tools for managing their accounting processes. The New Preferred Payment feature provides users with the capability to make payments to vendors using a variety of methods. AMB continues to offer existing check printing and ACH capabilities but can now create payment files that can be processed by AMEX, AVID PAY, CHASE, Wells Fargo and others. The new capability allows users to specify how each vendor will be paid so that when an invoice is selected for payment, the system automatically knows which method should be used making the selection process easier and less prone to error.

            AMB’s existing “Pick Invoices” capability, used to select which invoices will be paid, has been modified to allow invoices to be selected for payment regardless of the payment method. This enables users to get a more complete reporting of the invoices to be paid. The actual checks or payment files are then created separately.

            Advantage Systems is also releasing an update to the first phase of reporting in the new AMB7-Sierra platform. This update expands on the capability to present loan officer and branch detail as KPIs or financial reports. In both examples, the user can drill down to the transaction and supporting documentation on any data point or financial statement line item. The real-time transactional nature of AMB means that “C” level excutives, accounting users, regional managers and branch managers can access  up to the minute financial data.

The company’s  AMBfx module, formerly called the “Excel Reporting Tool” allows users to create financial reports directly from Excel. This module has been enhanced to include budget data and to allow users to drill down on loan volume amounts based on when those loans were locked, funded or sold.

            In addition, a new module has been created to  allow users to amortize loan origination fees on loans held for investment. Monthly amortizations are done accurately and easily and at a loan level.

            “We have continually strived to enhance the capabilities of the AMB software so that our clients have the most relevant and timely information possible,” said Brian Lynch, president and founder of Advantage Systems.  “A major purpose of our annual user conference, the next one will be in June, is to bring clients together to define the enhancements for the following year. The enhancements mentioned above are just a few of the enhancements made since last year’s conference.”


Chuck Meyers


Independent Mortgage Bankers Conference 2019

ADVANTAGE SYSTEMS ATTENDED the Independent mortgage bankers Conference ON JANUARY 28TH-31ST, 2019

The conference was held at the Hyatt Regency San Francisco. Advantage Systems was located at table 37 in the Market Foyer, where they provided demos and answered questions.