Luxury Mortgage selects AMB accounting system.

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Stamford, Connecticut-based Luxury Mortgage has selected Accounting for Mortgage Bankers (AMB) software from Advantage Systems, Irvine, California. The company selected the software last year and has since implemented the mortgage accounting software, which has allowed it to conduct balance-sheet account reconciliation and eliminate time-consuming manual processes.

Luxury Mortgage has been a residential mortgage banking firm since 1996 and originates a broad range of loan programs, including conventional loans, Federal Housing Administration (FHA) loans and a proprietary super-jumbo mortgage.

AMB's key features include the ability to view loan-level data that shows profitability by loan, loan type, loan officer and...

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