[June 07, 2018]

Advantage Systems Announces Fourth Annual AMB User Conference for Mortgage Accounting Professionals

Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced its fourth annual AMB User Conference will be held at the Balboa Bay Resort in Newport Beach, Calif. on June 21-22.

This year's conference will showcase the progress of the AMB7 Sierra version of the company's Accounting for Mortgage Bankers (AMB) software along with enhancements made throughout the product line. Based on client feedback small group training sessions on AMB's Commissions, Financial Reporting and Advanced Reporting modules will be held. Other key topics that will be addressed at the conference include:

2018 Tax reform changes - Jonathan Waller, CPA, tax partner at KSJG, discusses the impact of recent changes on the mortgage industry, particularly the changes to unreimbursed employee expense allowances.

P&L best practices - Jennifer Hanna, CPA, assurance partner at Richey May and Co., offers best practices when dealing with showing branches appropriate income. She also addresses the treatment of overhead allocation and the fine line between LO comp and branch manager profitability.

The new FASB rule regarding interest rate lock commitments (IRLC) - Andy Greer, CPA, vice president of first Tennessee Warehuse Lending, discusses how IRLCs impact internal and external financial statement users, how the disclosure of significant quantitative inputs for assets are affected following the FASB's March 28 board meeting, and how a Mortgage Bankers Association white paper recommended at that meeting could increase comparability and benefit users.

IRLCs and hedge advisory - Justin Grant, MCT Trading's senior vice president, capital markets, joins Greer to discuss the practice of hedging locks and how the new FASB/MBA guidelines and current pricing trends will impact the way hedge positions are evaluated.

Several Round Table discussions will be provided by AMB Partners and ASI personnel to allow users to focus on specific areas of interest such as Budgeting and Forecasting, Moving to the cloud and Off-shoring AP workflow and more.

"Our conference offers a tremendous opportunity for users to learn more about our Accounting for Mortgage Bankers software because they get a chance to investigate features and functionality that they may not have had time to look at in the past and can discuss this functionality with others who use it every day," said Brian Lynch, president and founder of Advantage Systems. "The conference has continued to grow since the first event four years ago to meet the increased demand for more education on the wide variety of accounting issues associated with the mortgage industry. Over the years, we have increased the number of speakers, training sessions and industry experts taking part so as to provide one of the most comprehensive conferences focused on mortgage accounting."

Media interested in attending the event should contact Chuck Meyers at [email protected] or 678-781-7204.

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 need the company saw for a general ledger accounting product that could eliminate the spread sheets and manage the loan level detail required by the mortgage banking industry. In so doing, AMB gives its users the tool they need to be confident about the data being reported to management and others. For more information, visit www.mortgageaccounting.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180607005087/en/

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