IRVINE, Calif. -- (BUSINESS WIRE) -- Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, significantly expanded its product offerings in 2013, including the release of its web-based ApprovalSoft® system, which enables users to manage the images and approvals of accounting transactions. An ApprovalSoft® app was created for both Android and Apple devices to expedite the approval process.
Other highlights of the year included the company launching its Advanced Reporting Module to allow mortgage lenders to complete the Mortgage Bankers’ Financial Reporting Form (MBFRF) and Nationwide Mortgage Licensing System (NMLS) Call Reports faster and more efficiently. Additionally, the company reported that sales of its Commission Calculation Module, which automates the commission calculations process, increased 20 percent since last year.
“Advantage Systems had a successful year because we were able to continue to provide the technology tools that meet the growing accounting, compliance and reporting needs of the mortgage industry,” said Brian Lynch president of Advantage Systems. “Our solutions enable lenders to automate accounting processes, comply with regulatory requirements and increase efficiency.”
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.