American Financial Network, a mortgage lender, has doubled its loan volume and added 50 new mortgage branches in the last 3-plus years. And they’ve done it by investing in technology.
In December 2010, the company began using Advantage System’s Accounting for Mortgage Bankers solution. Since launching the AMB solution, the company fully automated its accounting processes, increased its loan volume and grew its branch network without having to hire additional accounting staff.
“AMB enables us to grow more efficiently, increase the accuracy of our financial reporting and provide our branch managers, regional managers and executive team with the financial information they need to do their jobs more effectively,” said Barbara Bowles, controller of American Financial Network.
“Our technology enables lenders to automate accounting processes so that they can focus on growth and funding loans rather than administrative tasks,” said Brian Lynch, president of Advantage Systems. “American Financial Network’s executive team has done a great job of utilizing AMB to support their national growth strategy.”