Privately held mortgage company Denver-based MegaStar Financial Corp. has selected Advantage Systems' Accounting for Mortgage Bankers (AMB) system, which Advantage Systems says helps to streamline the company's accounting practices.
MegaStar says it selected AMB because the accounting system is tailored to the specific needs of the mortgage industry and offers general ledger transaction detail down to the loan level.
‘Using AMB greatly reduces the amount of research time we spend on out-of-balance situations,’ says Scott Pieper, chief operating officer of MegaStar. ‘Reconciliations at both the general ledger and loan level are much easier to perform and take at least two-thirds less time to complete.’
SOURCE: Advantage Systems