Accounting For Mortgage Bankers Adds BPO Tracking

Posted by Orb Staff on August 12, 2010 No Comments
Categories : Mortgage Servicing

Advantage Systems, an Irvine, Calif.-based provider of accounting and contract management tools for the mortgage and real estate industries, has added a broker price opinion (BPO) tracking feature to its Accounting for Mortgage Bankers (AMB) system.

Advantage Systems developed the tracking capability to enable mortgage lenders to record BPO values on individual loans throughout the life of the property.

‘By incorporating a BPO tracking tool into AMB, we enable our clients to leverage the insight, time savings and cost-effectiveness of BPOs and easily compare the current value to the client's investment in each property,’ says Brian Lynch, president of Advantage Systems.

SOURCE: Advantage Systems

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