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.”

MEDIA CONTACT:

Chuck Meyers

678-781-7204

Chuck@williammills.com

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.

Advantage Systems Co-sponsors Accounting and Financial Management Conference

IRVINE, Calif., Nov. 30, 2018 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced it is a co-sponsor of the Accounting and Financial Management Conference scheduled to be held Nov. 12-14 in Orlando. The company has been a sponsor of the annual event for 19 years and will have a booth at meeting space #1.

            Anyone interested in finding out more about the company is invited to contact Joe Ludlow at jludlow@mortgageaccounting.com.

            The conference is hosted by the Mortgage Bankers Association, representing the real estate finance industry within the United States. More information can be found at https://www.mba.org/

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:

Chuck Meyers

678-781-7204

Chuck@williammills.com

AMB 2018 Client Dinner in Orlando

ADVANTAGE SYSTEMS INVITES YOU TO THE AMB CLIENT APPRECIATION DINNER

JOIN US ON TUESDAY, NOVEMBER 13TH AT 6:30 PM

DINNER WILL BE HOSTED AT DEL FRISCO'S DOUBLE EAGLE STEAKHOUSE                                         9150 INTERNATIONAL DRIVE, ORLANDO, FL 32819

As a thank you for being a valued client, we cordially invite you to join us for dinner at Del Frisco’s Double Eagle Steakhouse on Orlando’s famous International Drive. We have rented out the Veranda dining room to accommodate everyone!

Del Frisco’s Double Eagle Steakhouse was born in 1981 with a bold vision – to embody the rich tradition of the classic American steakhouse. They are known for their extensive award-winning wines, USDA Prime Beef, mouthwatering appetizers, hand-cut steaks, and fresh seafood.

RSVP by email to Joe Ludlow: jludlow@mortgageaccounting.com

Mortgage Bankers Association’s Accounting and Financial Management Conference 2018

ADVANTAGE SYSTEMS ATTENDED MBA’s AFM ON November 12TH-14th, 2018

The conference was held at the Hyatt Hotel Orlando. Advantage Systems was located at table 1 in the exhibit area, where they provided demos and answered questions.