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 https://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

 

Getting Clarity

This Progress In Lending article offers advice from Brian Lynch on how to capitalize on the purchase market in 2015.

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