Advantage Systems Announces Alterra Home Loans Leverages Accounting for Mortgage Bankers Software to Achieve Growth

– Mortgage lender gains access to loan-level reporting capabilities-

IRVINE, Calif., March 14, 2017 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Alterra Home Loans, an independent mortgage bank headquartered in Nevada with offices in 12 states, has been able to sustain significant growth since implementing  Advantage Systems’ Accounting for Mortgage Bankers (AMB) software.

Alterra Home Loans selected AMB as its accounting system in 2015 in order to eliminate manual processes and gain access to detailed loan-level reporting tools. Alterra Home Loans has leveraged AMB’s automated processes to eliminate time-consuming manual entries during the lender’s rapid growth.

Alterra Home Loans is also taking advantage of Advantage Systems’ Commissions Calculation module in order to automate its commissions process, to provide loan officers with more timely and accurate commissions statements.

“Alterra Home Loans is going through a period of explosive growth and we made the decision to implement AMB in order to eliminate manual processes,” said Yvonne Yacono, chief business officer at Alterra Home Loans.

“We understand lenders’ needs, and have developed our software to eliminate time-consuming processes and help achieve growth,” said Brian Lynch, president of Advantage Systems. “We constantly seek to enhance our software’s features in order to help lenders attain tomorrow’s goals today.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

 MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces Third Annual User Conference

– Annual conference regarding accounting solutions for mortgage lenders to continue after record high attendance at 2016 event –

 IRVINE, Calif., February 28, 2017 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry through its Accounting for Mortgage Bankers (AMB) product, announced today its third annual user conference will be held June 22-23, 2017, at the Balboa Bay Resort in Newport Beach, Calif. Registration information can be found at mortgageaccounting.com/upcoming-events/.

After record attendance of 137 AMB users at last year’s conference, Advantage Systems has established the AMB user conference as an annual event. Advantage Systems’ annual user conferences enhance current users’ knowledge of the company’s AMB and ApprovalSoft solutions, accounting tools designed for the mortgage industry.

AMB User Conference attendees participate in various workshops to gather insight on how to better utilize these tools, ensuring that Advantage Systems’ solutions address all user needs. Breakout session topics will likely include: best practices when using specific functionality within AMB; training sessions for calculating complex commissions; comprehensive use of AMB’s dashboard features; and advanced reporting capabilities. The annual conference also features hands-on training sessions in The Lab, in which attendees receive training in the latest version of AMB.

“Our annual user conference provides an enhanced learning environment that enable AMB and ApprovalSoft users to get more value out of the solutions and make specific recommendations directly to our developers on what changes they would like in future versions,” said Brian Lynch, president of Advantage Systems. “We expect the upcoming conference will exceed 2016’s attendance numbers.”

“Given the scope and depth of AMB and our best practices guidance, AMB users are enthusiastic to learn how to stretch their usage of AMB beyond their day-to-day routine. There is a strong sense of community among our users. They enjoy sharing their ideas and procedures with each other at the conference,” said Joe Ludlow, vice president of Advantage Systems.

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

ApprovalSoft is a solution which enables users to scan or link supporting documentation to accounting transactions and record approvals, which streamlines management of financial transactions and makes audits much easier.

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 demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

 

Advantage Systems Experiences Significant Growth in 2016

– Celebrates 300th financial institution using Accounting for Mortgage Bankers solution –

 IRVINE, Calif., Jan. 31, 2017 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, increased the number of Mortgage Lenders using its Accounting for Mortgage Bankers (AMB) software to over 300 in 2016.

The company’s client base increased by over 10 percent, while the number of clients using the AMB Commission Module increased by 25 percent. Advantage Systems also succeeded in modifying the AMB product to use Microsoft’s SQL server database as well as Oracle’s, giving clients more choice.

In 2016, Advantage Systems achieved several major milestones. These included:

  • The return of Louise Bright as Director of Support Services.
  • Continued enhancement of the Commission Module most notably in the area of managing payroll “Draws.”
  • Continued enhancement of the company’s “Approvalsoft®”product.
  • The addition of an Interim Servicing module.
  • Being named a winner of the HW Tech 100 award for a second year in a row due. to its continuing innovation and market influence over the years.
  • Expanding its development team.
  • Holding its second annual user conference in June 2016. The annual user conference has grown each year and the company expects a larger gathering in 2017 at the Balboa Bay Resort in Newport Beach, CA.

One of the factors leading to Advantage Systems’ growth is the level of functionality the AMB product affords its users. Advantage Systems has achieved its success by continually enhancing its systems to meet the needs of mortgage lenders not just based on user feedback but on real situations encountered by its clients. ASI’s philosophy has been to include those changes in the product so that the next client facing the same issue has a solution at hand.

“Advantage Systems is dedicated to the mortgage industry and AMB was designed from the ground up to provide the loan level detail needed by mortgage bankers,” said Brian Lynch, president of Advantage Systems. “Because the loan level detail is such a fundamental aspect of the entire product, the system is simply easier to use than generic systems where the loan level detail is added on. We have always said that AMB allows you to grow your business without growing your staff and that is especially true today.”

AMB is a robust accounting system that was designed specifically for mortgage bankers.  The product provides extensive capability to import data to the system which in large measure makes the task of managing loan level detail possible. Once captured, that detail can be used to analyze profitability by loan, loan type, loan officer and branch or to quickly reconcile balance sheet accounts. The “Real Time” nature of the product means that users have access to the most up to minute information possible and the architecture of the system ensures that the user can report on any date at any time.

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 mountain of 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:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces Mountain West Financial Successfully Uses Accounting for Mortgage Bankers as a Recruiting Tool

– Mortgage lender attracts talented branch managers through accounting system –

 IRVINE, Calif., January 4, 2017 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Redlands, California-based Mountain West Financial, a full-service, privately held mortgage banker, has used its AMB (Accounting for Mortgage Bankers) solution as a recruiting tool to attract talented branch managers.

Mountain West Financial selected AMB as its accounting system to streamline its accounting needs. The mortgage lender was able to produce detailed reports via the system in less time and was able to reduce manual entries.

Mountain West Financial has been able to use AMB as a recruiting tool for valued branch managers and accounting staff, who express a preference for using AMB. The lender was also able to use AMB’s loan level detail to track impound amounts for its reconciliation processes.

“AMB has helped us in our efforts to attract the most talented staff,” said Stacy Mohr, vice president of capital markets at Mountain West Financial. “We heavily tout our use of the most advanced mortgage technology when recruiting, and Advantage Systems’ software has been instrumental in hiring the best qualified branch managers and accounting staff.”

“Our system solves a wide variety of mortgage lenders’ specific needs,” said Brian Lynch, president of Advantage Systems. “Not only does it enable lenders to eliminate manual processes when reconciling accounts, but it serves as a valuable resource for branch managers who want access to data about the performance of individual loans or loan officers.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

 About Mountain West Financial

Founded in 1990, Redlands, California-based Mountain West Financial is a full-service, privately held mortgage banker. Mountain West Financial currently has 40 branches and is currently licensed in 10 states. It has won numerous awards, such as Mortgage Executives 50 Best Companies to Work For, Top Mortgage Employer and Corporate America Finance Awards.  For more information, visit mwfinc.com

 About Advantage Systems

Founded in 1986, Irvine, California-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 demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.

 MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

 

Advantage Systems Offers MS SQL Server Database Support for its Accounting for Mortgage Bankers Solution

– Offers mortgage lenders an alternative to Oracle Database –

 IRVINE, Calif., December 14, 2017 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that it is now supporting   Microsoft’s SQL Server database for its AMB –  Accounting for Mortgage Bankers product.

Advantage Systems had relied on the capacity and reliability of the Oracle database for almost twenty years but saw the need to support Microsoft’s database. Advantage Systems will continue to offer the Oracle database and in so doing provides lenders the choice between the two databases. Many lenders have demonstrated a preference for MS SQL Server, making this additional choice more convenient for them.

“Oracle’s database has served us and our clients well. The performance and reliability of the Oracle database has been the reason many Fortune 500 companies use this database,” said Brian Lynch, president of Advantage Systems. “We are very excited about the technology we have developed that allows us to support different databases and believe that technology will be critical in the years ahead.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

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 demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces Summit Mortgage Successfully Navigates Trust Accounting Compliance Using Accounting for Mortgage Banking

Summit Mortgage

– Mortgage lender utilizes the detailed reporting capabilities for state compliance-

 

IRVINE, Calif., Nov. 14, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Plymouth, Minnesota-based Summit Mortgage Corporation, a national mortgage lender, has used its AMB (Accounting for Mortgage Bankers) solution to simplify the way the organization manages compliance with state trust accounting regulations.

Summit selected AMB as its accounting system in 2003 to facilitate its accounting needs. The mortgage lender is able to produce custom reports via the system in less time than with prior accounting systems.

Summit uses AMB as a recruiting tool for valued branch managers and accounting staff, who express a preference for using AMB. It gives branch managers access to web based reporting tools to help manage their branch.

“AMB helped us create reports that have enabled us to successfully manage compliance in states that have some of the most complex regulatory requirements in the country,” said Kelly Brinkman, Controller at Summit Corporation.

“Over the years, we have developed AMB to meet the specific requirements of various lenders” said Brian Lynch, president of Advantage Systems. “Enabling Summit to remain compliant in its trust accounting is just one example of how we believe AMB has become the industry standard for mortgage accounting practices.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to both accounting and non-accounting staff in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

 

About Summit Mortgage Corporation

Founded in 1992, Plymouth, Minnesota-based Summit Mortgage Corporation is a premier national lender. Summit is currently licensed in 14 states and has branches from coast to coast. Summit operates as a privately-owned, direct seller to agencies as well as a correspondent to investors. For more information, visit www.summit-mortgage.com

 

About Advantage Systems

Founded in 1986, Irvine, California-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 demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.

 

Client Appreciation Dinner

To thank you for being our valued client, we invite you to join us for dinner at the Rustic Root in San Diego’s Gaslamp District.

Best of all, we rented out the whole restaurant so there will be plenty of room for everyone!

What: Client Appreciation Dinner
Where: Rustic Root 535 5th Ave., San Diego, CA 92101
When: November 16th at 6:30 pm
RSVP by email to Joe Ludlow:
jludlow@mortgageaccounting.com

Advantage Systems Announces Luxury Mortgage Reinvents Accounting Process through Accounting for Mortgage Bankers Software

Advantage Systems Announces Luxury Mortgage Reinvents Accounting Process through Accounting for Mortgage Bankers Software

– Mortgage lender gains access to loan-level reporting capabilities-

 IRVINE, Calif., August 16, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Stamford, Connecticut-based Luxury Mortgage, a residential mortgage banking firm, has reinvented its mortgage accounting process due to Advantage Systems’ Accounting for Mortgage Bankers (AMB) software.

Luxury Mortgage selected AMB as its accounting system in 2015 in order to eliminate time-consuming manual processes and gain access to detailed loan-level reporting tools. Since implementing AMB, Luxury Mortgage has been able to conduct balance sheet account reconciliation, access to data and import accounts with great ease.

One of the primary reasons Luxury Mortgage chose AMB as its mortgage accounting software was the long-standing reputation of Advantage Systems.

“Personally, I have had more than 20 years of experience using AMB, which made justifying the transition extremely easy,” said Bryan Thompson, CFO of Luxury Mortgage. “We conducted in-depth research into all of our software options, before deciding that AMB was the best solution for Luxury Mortgage.”

“We strive to maintain open communication with users to gather feedback and adjust our system to meet their needs,” said Brian Lynch, president of Advantage Systems. “These lines of communication are crucial sources of inspiration for our annual updates.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

About Luxury Mortgage

Since 1996, Stamford, Connecticut-based Luxury Mortgage has been a residential mortgage banking firm offering a variety of mortgage products, from conventionl, FHA and jumbo mortgages to its proprietary super jumbo mortgages-all to meet the needs of its clients. For more information, visit luxurymortgage.com.

 About Advantage Systems

Founded in 1986, Irvine, California-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 demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces Intention to Host Third Annual User Conference

– Annual conference to continue after record high attendance at 2016 event –

 IRVINE, Calif., June 27, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry through its Accounting for Mortgage Bankers (AMB) product, announced today its intention to hold a third annual user conference for AMB and ApprovalSoft users after a record high attendance of 135 attendees at the second user conference held on June 16-17 in Newport Beach, California.

Advantage Systems’ annual user conference enhances current users’ knowledge of the company’s AMB and ApprovalSoft solutions, accounting tools designed for the mortgage industry. Conference attendees participate in various workshops to gather insight on how to better utilize these tools, ensuring that Advantage System’s solutions address all user needs.

Workshop topics included: best practices when using specific functionality within AMB; tips for calculating complex commissions; comprehensive use of AMB’s dashboard features; and advanced reporting capabilities. The conference also features hands-on training sessions in The Lab, in which attendees used the new cloud-based version of AMB and the Financial Reporting tool. Due to positive feedback from workshop attendees, Advantage Systems intends on hosting a third user conference in June 2017 at the Island Hotel in Newport Beach.

“Our second annual user conference was an outstanding success, attracting a record number of attendees,” said Brian Lynch, president of Advantage Systems. “Next year’s conference will have sessions focused on product updates, round table discussions, and opportunities to provide feedback directly to product development staff.  We will also provide the hands-on experience of The Lab again, to help clients “test drive” our newest features.”

 AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

ApprovalSoft is a solution which enables users to scan or link supporting documentation to accounting transactions and record approvals, which streamlines management of financial transactions and makes audits much easier.

 MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces Second Annual User Conference for Mortgage Professionals Using its AMB and ApprovalSoft Accounting Solutions

Advantage Systems Announces Second Annual User Conference for Mortgage Professionals Using its AMB and ApprovalSoft Accounting Solutions

– Offers training to increase knowledge of key AMB and ApprovalSoft functions; opportunity to share best practices –

 IRVINE, Calif., May 11, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it will host its second annual user conference for AMB and ApprovalSoft users June 16-17 at the Island Hotel Newport Beach, California.

This second annual conference is designed to increase current users’ knowledge of Advantage Systems’ AMB and ApprovalSoft solutions. Conference sessions and workshops will focus on best practices when using specific functionality within AMB, tips for calculating complex commissions, the comprehensive use of AMB’s dashboard features and advanced reporting capabilities.

This year the conference will also feature The Lab, where users will have hands-on training via their own laptops. Topics in The Lab will include commissions and the new cloud-based version of AMB.

Attendees will be invited to join the hosts on a dinner cruise on the yacht Destiny around the Newport Beach harbor on the evening of June 16.

“Due to overwhelmingly positive feedback from attendees last year, we look forward to hosting our second annual user conference,” said Brian Lynch, president of Advantage Systems. “Attendees can anticipate the opportunity to offer direct feedback about AMB’s features, learn and share best practices concerning the use of our accounting technology and get an exclusive look at new developments on the horizon.”

More information about the event and the registration page can be found at https://mortgageaccounting.com/upcoming-events/

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.

ApprovalSoft is a solution which enables users to scan or link supporting documentation to accounting transactions and record approvals, which streamlines management of financial transactions and makes audits much easier.

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com