ONLINE Accounting Services*

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• 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 system. 
   

• MBS will install and configure your Loan Vision or AMB.
   

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

• MBS will address your hedge accounting, fair value measurement, MSR accounting, and servicing accounting details.
   

• Bottom line - Accounting is required, accounting is complicated, and qualified accountants are expensive. The MBS is often less than the cost of hiring a full accounting staff.

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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 a registered CPA firm and does not provide attestation service