Advantage Systems Honored for Second Year on 2016 HW TECH100™List

– The 100 most innovative technology companies in the housing economy-

 IRVINE, Calif., March 23, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it has been included for a second year in the 2016 HW TECH100™ list, which recognizes the 100 most innovative technology companies serving the mortgage, finance and real estate industries.

More companies applied to be considered for the listing than in any previous year. Advantage Systems’s second straight inclusion highlights the company’s significant market influence and continued growth. HousingWire evaluated hundreds of companies for this year’s awards in six different categories: market influence, market potential, uniqueness of solution, growth, elegance of implementation, and “something else entirely”—a catch-all for disruption and other factors that drive innovation.

“The companies in the HW TECH100™ are providing innovative solutions to the traditionally hide-bound mortgage finance industry,” said HousingWire editor-in-chief Jacob Gaffney. “In the face of rising costs to originate and service loans, a still-volatile housing market and multiplying regulations, these innovations are crucial to the survival and profitability of those in our industry.”

“It’s incredible to see the universe of tech options now available to our industry,” said HousingWire Magazine editor Sarah Wheeler. “Some of the best and brightest minds are clearly working in our space to address the extraordinary challenges our industry is facing.”

“For the past 30 years, we have continually enhanced our AMB  product, relying on user feedback, to create solutions for the challenges faced by the mortgage industry,” said Brian Lynch, president of Advantage Systems. “We are honored to be named for a second year on this prestigious listing of innovative technology companies.”

More information about the 2016 HW TECH100™ is available at: http://www.housingwire.com/tech100.

 

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

 

Advantage Systems Announces Churchill Mortgage Achieves Greater Loan Volumes without Requiring Additional Staff through AMB

– Mortgage lender eliminates manual processes through accounting technology-

IRVINE, Calif., Feb. 2, 2015 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Brentwood, Tennessee-based Churchill Mortgage, a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 33 states, has used its AMB (Accounting for Mortgage Bankers) solution to achieve higher loan volumes without having to hire additional staff by eliminating time-consuming manual processes through automation.

Churchill Mortgage selected AMB as its accounting system in early 2014 after deciding it needed a simpler process to handle the workload required to produce detailed financial reports measuring the profitability of its branches. At this time, Churchill Mortgage was using a generic solution that was not designed specifically for mortgage lenders and relied heavily on manual processes to create in-depth reports.

Implementation went smoothly since AMB was fully compatible with the lender’s LOS, Encompass, and the solution was deployed faster than expected. Using the new solution, Churchill Mortgage’s executives were able to produce and view detailed analysis reports measuring branch performance and evaluate the profitability of each loan using AMB’s loan level reporting capabilities.This transformed the lender’s accounting system into a strategic tool that was used to more effectively evaluate the profitability of each branch and allocate resources where they were most needed to increase the volume of loans being originated. Despite the increase in loan volume, however, Churchill Mortgage was able to keep its costs down and avoid having to hire additional staff because of the solution’s automation.

“AMB has saved us valuable time through its integration with our LOS,” said Matt Clarke, COO of Churchill Mortgage. “The system is valuable because of the way it enables us to speed up the way we originate loans and focus more attention on increasing loan volumes without increasing labor costs.”

“Our AMB solution has been built specifically to meet the needs of mortgage lenders,” said Brian Lynch, president of Advantage Systems. “AMB is continually updated based on feedback from our users, making it more practical and efficient in achieving a ROI.”

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 Experiences Significant Growth in 2015

– Adds 27 new mortgage lenders as customers in 2015 –

IRVINE, Calif., Jan. 26, 2016 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, experienced significant growth in 2015, with approximately 300 mortgage lenders using its Accounting for Mortgage Bankers (AMB) product, and more than 100 mortgage lenders using its Commissions Calculator product.

In 2015, Advantage Systems achieved several major milestones. These included:

  • Signing up 27 new customers for its AMB product, bringing the total to approximately 300 lenders.
  • Also signing up 16 new customers for Advantage Systems’ Commissions Calculator product. This product is now used by more than 100 mortgage lenders.
  • Expanding its team by hiring two new staff members: Russ Suter, as software developer, and Drew Foy, as a customer support representative.
  • Holding its first annual user conference in June 2015 at the Island Hotel, Newport Beach, Calif. The first conference had 125 attendees. Its second user conference will be held at the same location this year on June 16-17.
  • Being named a winner of the HW Tech 100 award due to its continuing innovation and market influence over the years.

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 based on user feedback.

“Our success over the last 30 years has been our constant focus on providing a system which changes with the times to meet mortgage lenders’ evolving needs,” said Brian Lynch, president of Advantage Systems. “This past year we made numerous additions to the Advantage Systems community and look forward to continuing growth in 2016.”

 AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users 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.

Commissions Calculator reduces the labor required by allowing users to calculate commissions, commission adjustments, bonuses and “Overrides” quickly and easily. Commission “Profiles” define the commission compensation plan as approved by management. These are easily assigned to one or more loan officers.

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Welcomes Security Expert Russ Suter as New Software Developer

IRVINE, Calif., December 15, 2015Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it has hired Russ Suter as its newest software developer.

In his new role, Suter joins the Accounting for Mortgage Bankers (AMB) 7 development team. AMB 7 is the new version of AMB, optimized for browser environments. An industry veteran, Suter brings more than 20 years of experience in software development and information technology to Advantage Systems. Suter has extensive experience and knowledge with MS SQL Database products. He is an experienced developer of both back end and front end applications, especially web based applications. An experienced team leader, Suter provides another management resource for development task forces.

“Russ’ advanced knowledge of CSharp, as well as his extensive experience with developing commercial-level encryption makes him a perfect fit for the AMB 7 development team,” said Frank Paladino, Director of Software Development for Advantage Systems.  “We were thrilled to lure him away from the bankcard industry”.

Most recently, Suter served as the Senior Software Developer at Torrance, California-based Global Electronic Technology, Inc, where he designed and implemented custom software and ensured the security of sensitive data. Prior to that, Suter was Senior Software Developer at Fountain Valley, California-based Atlantic-Pacific Processing Systems, Inc.

Suter also previously worked for Irvine, California-based Orthodyne Electronics as an IT manager and co-founded MyNetMedia.com, which involved designing application prototypes and establishing strategic technical partnerships. Additionally, Suter is a Microsoft Certified Professional and a Microsoft Certified Solution Developer, attesting to his technical expertise.

 

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Hires Housing Industry Veteran Drew Foy as New Customer Support Representative

IRVINE, Calif., Nov. 03, 2015 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, names Drew Foy as its newest customer support representative.

Foy joins Advantage Systems with 22 years of experience in the housing industry and accounting software support and implementation. Foy provides Advantage Systems’ customers with routine software support and helps maintain individual lenders’ AMB, ApprovalSoft and Commissions Calculator systems.

Foy has several years of experience supporting MAS 90 and MAS 200 accounting software, notably at Sage Software and at Blytheco, a major reseller of accounting software.  Additionally, Foy has years of experience supporting Crystal Reports and Acuity Financials. Most recently, Foy held the position of corporate controller for Santa Ana-based Management Support, where he prepared financial reports, Housing and Urban Development (HUD) reports and managed the accounting software database.

Foy previously served as the accounting and finance manager for Pacoima, California-based New Roads, Inc. Prior to this, Foy held various accounting and finance related positions at Santa Fe-based JP Marketing Services and other accounting software companies.

Foy earned a Master’s in Business Administration from California Polytechnic University, Pomona. He also holds a certification from University of California, Irvine in Information Technology, with an emphasis in Advanced Software Design and a BA from University of California, San Diego.

“At Advantage Systems, we depend on the most talented industry professionals to increase the level of service provided to our customers,” said Brian Lynch, president of Advantage Systems. “Drew’s extensive background in accounting software and familiarity with the housing industry will enable him to provide high quality support for our customers.”

MEDIA CONTACT:

Debbie Harris

William Mills Agency

678-781-7220

deborah@williammills.com

Advantage Systems Announces GEM Mortgage Achieves Growth Through AMB Solution

 Mortgage lender leverages accounting technology to grow in wake of Great Recession

IRVINE, Calif., Sep 02, 2015  Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Bakersfield, California-based GEM Mortgage has used its AMB (Accounting for Mortgage Bankers) solution to grow significantly in the post-recession recovery period.

In 2012, GEM Mortgage selected Advantage Systems’ AMB as its mortgage accounting system, instead of a generic accounting system. AMB enabled GEM Mortgage to resolve any issues with trust account reconciliation.

Prior to implementing AMB, GEM Mortgage accountants experienced difficulties balancing trust accounts each month. AMB alleviated this issue entirely through its loan level reporting capabilities.

GEM Mortgage also wished to increase its productivity and used AMB to grow without the need for additional accounting staff. AMB enabled GEM Mortgage to handle nearly double the loan volume by allocating staff strategically. Additionally, due to the loan level detail offered through AMB, branch managers were able to review the activity of their branch more effectively.

“We chose AMB because it was a system built around the needs of mortgage lenders,” said David Chesney, CFO of GEM Mortgage. “Advantage Systems has encouraged an active dialogue between its customers and staff, one example of which is gathering feedback from customers during their latest user conference.”

“GEM Mortgage has grown significantly since the recession and has seen higher loan volumes since implementing AMB,” said Brian Lynch, president of Advantage Systems. “We have seen that the time we have spent adapting AMB to lenders’ best practices over the last 30 years has translated into incredible results for all of our customers.”

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 First 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., April 14, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it will host its first annual user conference for AMB and ApprovalSoft users June 18-19 at the Island Hotel Newport Beach, California.

This 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 accurate commissions, the comprehensive use of AMB’s dashboard features and advanced reporting capabilities.

Advantage Systems will provide information about its upcoming browser-based version of AMB. The conference will also feature workshops on “reporting for everyone else,” offering tips on how to use AMB as a tool for web-based executive and manager reporting.

Attendees will be invited to join the hosts on a dinner cruise in a 140 ft Hornblower yacht around the Newport Beach harbor.

“Our user conference offers our clients in-depth discussion about the best methods to utilize AMB and Approvalsoft. Our clients will gain insights on becoming more efficient with the software, while also learning how to use our latest dashboard and reporting tools,” said Brian Lynch, president of Advantage Systems.

More information about the event and the registration page can be found at http://www.mortgageaccounting.com/amb-user-group-meeting/

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