Bookkeeping

​MBS Bookkeeping 

 

MBS will Track your Loan Level Profit for each Originator, each Branch, and each Product.

Don't be surprised by hedge losses. MBS can explain secondary marketing activity.

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ONLINE Bookkeeping Services*

  • The MBS Mortgage Accountants are experts in mortgage accounting.
     

  • Dr. Schell, CPA, CMB, who is a nationally known expert in accounting, monitors all bookkeeping activities.
     

  • MBS will take care of your accounting tasks including creating reports to show Loan Level Profit for each Originator, each Branch, and each Product.
     

  • MBS will modify and reconfigure your Quickbooks to support mortgage lending and track Loan Level Profitability. 
     

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

  • MBS is also able to use your Loan Vision or AMB 
     

  • MBS will calculate commission, run payroll, pay bills, and manage your books to reduce your audit expense. 

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

 

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

 

Having 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