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

Outsourced Accounting

ONLINE Accounting Services*

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  • The MBS Mortgage Accountants are experts in mortgage accounting.

  • Dr. Schell, PhD, 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.

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



MBS Financial Services supports the following areas:

  • Growth Strategy – We can help you plan and execute a growth strategy.

  • Hedging & Pipeline Risk Management - Dr. Schell can help explain how hedging functions, the benefits of hedging, and the risks associated with the activity. See blog posts.

  • Technology must align with a firm's strategic objective. Every mortgage lender's technology infrastructure significantly impacts its customer experience and employee workflow. MBS will help select, configure and deploy the best technology solution.

  • Executive Development - Leadership is a learned skill. Dr. Schell can teach you to be an amazing leader, an effective manager, and an inspiring coach that can foster a vibrant culture.

  • Accounting Services – Dr. Schell, CPA, leads the accounting services team to become your outsourced accounting department. This alternative makes more and more sense for companies wishing to focus on their core business and also want trustworthy accounting and financial reporting support.


About Dr. Schell:

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


Dr. Schell is CEO, Managing Partner, and Co-Founder of Mortgage Banking Solutions and the Founder of MBS Financial Services ("MBS"), based in Austin, Texas. Dr. Schell is known for his ability to turn "vision into reality" and "chaos into order" as he finds creative solutions to the challenges his clients face addressing Revenue Stability, Technology Enhancement, Financial Management, and Workflow Efficiency.


He has 4 decades of experience as a strategist directing the activity of both small and large groups of employees including mortgage lending activity at Bank of America. His leadership knowledge extends from his hands-on experience and his academic training in his MBA, his master's degree in leadership, and his doctoral work to examine employee dynamics given leader stimulus.


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


To contact Dr. Schell, click HERE

Find more information at

DoctorSchell@MBS-Team.com ; (512) 501-2812;

Doctor Schell the Profit Doctor

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