Advantage Helps Net Branches Grow

Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced at MBA's 95th Annual Convention and Expo that the Web-based reporting tool within Advantage Systems' Accounting for Mortgage Bankers (AMB) is now used by 971 branch locations across the United States. The Web-based reporting tool within AMB enables mortgage lenders to provide their branch managers with information such as loan-level accounting reports, branch profit and loss reports, branch check register and originator performance reports via the Internet in real time. The system has role-specific views that can be established and restricted by the organization's chief financial officer. Benefits of the Web-based reporting tool for branch managers include eliminating the burden of bookkeeping and accounting while providing updates on the status of pending loans and financial progress, in real time, without placing calls to company headquarters.