Bookkeeping

​MBS Bookkeeping 

 

MBS will Track your Loan Level Profits for each Originator, each Branch and each Product so you can manage your business. 

 

 

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MBS Outsourced Bookkeeping Services*

 

"Don’t risk running your business in the dark!"

 

  • MBS will Track your Loan Level Profits for each Originator, each Branch and each Product so you can manage your business. 
     

  • The MBS Bookkeepers will access your Quickbooks system to enter your data for each Closing and Purchase of each loan. 
     

  • MBS will configure your Quickbooks to track Loan Level Profitability. 
     

  • MBS will managage our converstion to Loan Vision or AMB.

 

Running your mortgage business without Loan Level Profit Reports is like driving with your eyes closed - a BAD idea that leads to trouble.

 

 

Here are just some of the advantages of using MBS to help you with your acounting:

 

Save Money on your annual CPA audit

• Clean accounting lowers the cost of your audit

 

Avoid common costly oversights

• Missed MIP payment = repurchase

• Escrow impounds are a Liability

 

Maximize your company’s value

• Improve your position in the marketplace

• Potential buyers expect clean records

 

Financial Planning with CFO direction

• Maximize Profit

• Know where you’ve been, and where you’re going

• Spend your time looking forward, not looking back

 

Clarity in accounting drives success

• Know your cash forecast 

• Be in the position to raise capital from outside investors

 

Compliance preservation

• 1098 reporting

• Interim servicing requirements on all escrow loans

 

Warehouse lenders expect monthly Loan Level financial statements

• Prepare accurate monthly loan level financial statements

 

Accounting Transparency protects against corporate fraud

• Have controls over who wires money

• Even accountants make mistakes

 

*MBS is not an accounting firm, and does not provide attestation service