10/27/2016

Member News

Allegacy Federal Credit Union Strengthens Commercial Lending Efforts with Baker Hill’s Portfolio Risk Management Tools

Powerful financial analysis and portfolio monitoring technology supports strong credit decisions, compliance

CARMEL, Ind., Oct. 27, 2016 – Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced today that Allegacy Federal Credit Union has selected its portfolio risk management solutions. The credit union will leverage Baker Hill^® Statement Analyzer^SM and Exception Advisor™ to support the expansion of its commercial lending portfolio.

Upon the expiration of a prior contract, the Winston-Salem, N.C.-based credit union decided to make a change to ensure it could effectively grow its commercial lending business. Baker Hill’s solutions provide the exception management and financial spreading functionality the credit union needs and the company was able to accommodate its accelerated installation timeline. 

“Baker Hill’s portfolio risk management solutions are instrumental to our growth objectives as we work to create local, market-focused commercial banking services for businesses in our community,” said Brian Vannoy, Chief Credit Risk Officer, Allegacy FCU. “I managed my first Baker Hill installation in 1997, and have utilized their products in various venues throughout the years since.  I have great confidence in the company, its direction and its solutions. With our financial analysis and portfolio risk management needs met by Baker Hill’s technology, we can turn our focus to building and fostering relationships.”

Baker Hill^® Statement Analyzer^SM, a web-based financial analysis tool, will enable Allegacy FCU to better understand commercial clients’ credit risk. In addition to supporting sound credit decisions, the solution facilitates and centralizes reporting, data collections, cash-flow remappings, global cash flow, covenants and a comprehensive credit memorandum. Exception Advisor™ will ensure the credit union protects the quality of its growing commercial loan portfolio through continuous, automated monitoring of document, policy, compliance and exception management.

“Financial institutions’ efforts to improve relationship management really must start with improved risk management,” said Naseer Nasim, CEO of Baker Hill. “By incorporating a financial analysis tool to gain a thorough understanding of credit risk, Allegacy FCU can better manage and strengthen its relationships as it looks to grow its commercial lending sector. Powered by the credit union’s own internal and external data, these solutions will allow Allegacy FCU to pinpoint and address both the risk and the opportunities within its expanding portfolio, and ensure loans remain healthy long past origination.”

About Baker Hill

Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. Baker Hill also delivers sophisticated business intelligence and revenue enhancement solutions that support sound business decisions to mitigate risk and generate growth. Baker Hill is the #1 provider of member business lending services, serving 600 financial institutions, including more than 20% of the top 150 U.S. banks and 20% of the top 25 U.S. credit unions. For more information, visit www.bakerhill.com.

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