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
• 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