IRVINE, Calif.--(EON: Enhanced Online News)--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.
“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.”
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.