IRVINE, Calif.--(EON: Enhanced Online News)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, launched its Advanced Reporting Module to enable mortgage lenders to complete the Mortgage Bankers’ Financial Reporting Form (MBFRF) and the Nationwide Mortgage Licensing System (NMLS) Call Reports faster and more efficiently.
“Our Advanced Reporting Module enables lenders to complete MBFRF and NMLS Call Reports faster and more accurately so that they can focus on more important areas of their businesses, such growth and profitability”
The Advanced Reporting Module provides lenders with the ability to easily produce the required financial components, such as income statements, balance sheets and statements of cash flow for both reports. Schedules for both reports are pre-built so that users only have to tailor them to their accounts. These templates can be used or easily modified for future use and completed reports can be exported in the XML format, which is allowed by the NMLS.
“Our Advanced Reporting Module enables lenders to complete MBFRF and NMLS Call Reports faster and more accurately so that they can focus on more important areas of their businesses, such growth and profitability,” said Brian Lynch, president of Advantage Systems. “The Advanced Reporting Module is a good example of how AMB is uniquely tailored for the Mortgage Industry.”
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.