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§ Private Profile · Irvine, CA, USA
Specialized accounting software platform for mortgage bankers, providing real-time, loan-level financial data, integrating with LOS.
Based in Irvine, California, Advantage Systems develops Accounting for Mortgage Bankers (AMB), a specialized general ledger accounting software platform designed for the mortgage lending industry. This business-to-business software solution integrates directly with loan origination systems to provide real-time financial data, commission calculations, and profitability tracking by loan, officer, and branch. The company generates revenue through software licensing and subscriptions, and currently serves hundreds of mortgage lending institutions across the United States. AMB integrates with major industry platforms like ICE Mortgage Technology and OptiFunder, while its customer base includes residential lenders such as Luxury Mortgage and Intercap Lending. Furthermore, the organization recently hosted its 18th annual user conference to showcase enhanced web-based reporting features that improve remote access for branch managers. Advantage Systems, the corporate entity behind the AMB platform, was founded in 1986 by Brian D. Lynch.
AMB has raised $3.0M across 1 funding round.
AMB has raised $3.0M in total across 1 funding round.
AMB has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 20, 2021 | $3M Seed | Foothill Ventures (formerly Tsingyuan Ventures), TDK Ventures | Creative Ventures, Doral Energy Tech Ventures, Saic Capital, Vinfast | Announced |
AMB has raised $3.0M in total across 1 funding round.
AMB's investors include Foothill Ventures, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, SAIC Capital, VinFast.