Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, has released its second-generation Commission Calculation Module for its Accounting for Mortgage Bankers (AMB) software.
According to the company, the enhanced, user-friendly module provides mortgage lenders in both retail and wholesale environments with greater flexibility to define how commissions and bonuses are calculated. The new module takes advantage of the loan-level accounting capability of the AMB software to minimize input.
This second generation of the module adds an algebraic formula approach that enables users to more easily visualize the commission they are calculating. It also provides an expanded list of fields on which to base commissions, among other new features.
Source: Advantage Systems