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09/19/2016

Member News

Baker Hill and Compliance Systems, Inc. Partner

Baker Hill and Compliance Systems, Inc. Partner to Strengthen Loan Origination Document Compliance for Financial Institutions CARMEL, Ind., Sept. 19, 2016 – Baker Hill, a leading provider of SaaS solutions for common loan origination, relationship management and smart data analytics, has partnered with Compliance Systems, Inc. (CSi) to strengthen risk management and document compliance for financial institutions when originating and underwriting consumer and commercial loans. Compliance regulations are complex and vary by state, necessitating maximum flexibility and accuracy for banks and credit unions to remain competitive and capture a larger share of business. Baker Hill’s common loan origination platforms for commercial, small business, consumer, and dealer will be fully integrated with CSi’s IntelleDoc Solutions™, which ensure lending documents used in a given transaction adhere to federal and state-specific compliance regulations by automatically assembling loan documents to reduce financial institutions’ risk exposure for virtually any type of loan. “The pressure on financial institutions to increase efficiencies, reduce risk, close more loans, and to do so quickly, is complicated by increased compliance requirements,” said Naseer Nasim, CEO of Baker Hill. “Partnering with CSi furthers our ability to provide banks and credit unions with a market leading common origination platform with integrated documentation, and decision support system to help them achieve their business objectives. CSi shares Baker Hill’s commitment to innovation and automation. They deliver both the quality technology and compliance expertise that make our integrated products the best in the industry.” Baker Hill’s common loan origination and underwriting solution automates commercial, small business, consumer, and dealer lending processes and extends those services through Internet, Intranet, and smart devices. The technology delivers smart lending workflows and auto decisioning tools, allowing banks and credit unions to accelerate credit approvals. With Baker Hill’s solution, financial institutions can more quickly respond to the diverse credit requests they receive from a single platform. “The regulatory landscape is constantly shifting, posing continual risk for banks and credit unions,” said Dennis Adama, President and CEO, for CSi. “At the center of financial institutions’ compliance efforts is the need for consistent, compliant documentation. CSi accomplishes this by analyzing all required data for each transaction to provide output documents that comply with state and federal regulations. By partnering with Baker Hill, we can now provide a greater number of organizations a document system with automatic, built-in compliance to support strong, healthy loan portfolio growth.”

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