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Journal: Blog2
  • Dr. Andy Schell, Ph.D., DBA, CPA, CMB

Mortgage Accounting Basics

Accounting is complicated, and the mortgage lending process is complicated, which means that mortgage accounting is complicated. In many cases, mortgage accounting is astoundingly more complex than most non-mortgage CPAs consider.

Running a successful mortgage company requires proficiency in accounting. The books and records created are the means by which the rest of the world is measuring your business's success. The leaders of a mortgage company must be able to understand the numbers and know how to create a profitable trajectory.

The following PowerPoint was created to help you understand those basics so you can be set up for success.

For the PowerPoint, click HERE - Journal Entry Examples


Dr. Andy Schell, DBA (Ph.D.), MSML, MBA, CPA/CFF, CMB

Dr. Schell is CEO, Managing Partner, and Co-Founder of Mortgage Banking Solutions and MBS Financial Services ("MBS"), based in Austin, Texas. He is known for his ability to turn "vision into reality" and "chaos into order" as he finds creative solutions to address his clients' challenges. He primarily supports regulated depositories in mortgage finance and sophisticated independent mortgage lenders to address revenue stability, technology enhancement, and Workflow Efficiency. Andy is a finance guy, a CPA, (there is a difference), and a musician. It is the combination of his creativity, experience, and education that enables him to create business strategies that will lead to his client's success.

Dr. Schell's finance experience began trading marketable securities in 1980 at a Dallas, Texas-based Wall Street firm and then continued throughout his career spanning four decades. His activities in finance include trading Mortgage-Backed Securities and Options on T-Bond Futures as a risk management tactic, directing the $35 billion securities settlement activities for Bank of America, and supporting the bank's quantitative assessment of implied volatility for the Monte Carlo simulation model. His finance education began with a bachelor's degree in banking and finance and continued at the SMU graduate school of banking and the University of Chicago's options trading program.

Dr. Schell's accounting expertise is equally expansive, including a master's in accounting, a CPA certificate licensed in Texas with public accounting experience in Dallas, and a doctorate in business strategy with a doctoral dissertation on the value of financial derivatives. He is also a Certified Mortgage Banker awarded from the Mortgage Bankers Association in addition to holding the designation as a Certified Public Accountant licensed in Texas.

Dr. Schell's 40 years of experience, professional designations, CPA/CFF, CMB, and academic credentials, including a terminal degree that established the title Doctor Schell, collectively provide the foundation for him to authoritatively address the topics presented in this white paper. Other white papers and articles by Dr. Schell are available directly at

To find out more information on MBS Services, please click HERE

Find more information:

(512) 501-2812

Doctor Schell the Profit Doctor

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