10/24/2017

Member News

Baker Hill Releases Next Phase of Baker Hill NextGen™, Adding New Features to its Cloud-Based, End-to-End Loan Origination, Risk Management & Analytics Platform

CARMEL, Ind., Oct. 23, 2017 – Baker Hill, a leading provider of technology solutions for common loan origination, risk management, relationship management and smart data analytics, has announced the next release of Baker Hill NextGen™ that includes commercial loan origination for judgmental decisioning, portfolio risk management, client relationship management and exception tracking features.

Launched in January 2017, Baker Hill NextGen™ is a unified, responsive, cloud-based solution for common loan origination, portfolio risk management and business intelligence, designed to meet the needs of financial institutions in a single platform. Baker Hill NextGen™ is the culmination of more than three decades of commercial, small business and both direct and indirect consumer loan origination functionality. The solution combines comprehensive loan origination features with the latest technical advancements in cloud and mobile computing, streamlining lending processes and portfolio risk management while improving accuracy and enabling a better customer experience.

The newest release of Baker Hill NextGen™ brings new functionalities to the solution, such as commercial loan origination for judgmental decisioning, which promotes efficiencies in the commercial underwriting process by optimizing the credit approval process through workflow automation and established business rules. Other features include portfolio risk management, client relationship management and exception tracking. With the addition of Baker Hill NextGen™ portfolio risk management, financial institutions can combine risk management capabilities with quality data to save time, mitigate risk and gain a comprehensive view of the loan portfolio with automated monitoring.

Baker Hill NextGen™ incorporates exception tracking within the solution, helping institutions mitigate risk with a secure, comprehensive solution for managing exceptions across all lines of business. This feature provides a flexible and consistent framework for securely monitoring document, financial statement, policy, compliance, and exception management. Additionally Baker Hill NextGen™ client relationship management provides financial institutions with actionable insight to empower staff to more effectively manage new opportunities and current relationships. Baker Hill NextGen™ CRM captures and manages relevant client and prospect information, including contacts, call activity, sales opportunities, referrals and correspondence groups. By combining business processes and client information across departments and integrating data into one solution, financial institutions can easily enhance the client experience.

“With more than three decades of experience as a trusted advisor to financial institutions, Baker Hill has gained valuable insight on what today’s financial institutions need and what issues they face,” said Niles Bay, chief operating officer and chief technology officer of Baker Hill. “We have recognized that banks and credit unions struggle with multiple non-integrated systems and data overload, which prevents them from making data-backed decisions. We’ve addressed those needs with the continued development of Baker Hill NextGen™ and remain committed to delivering innovative technology that enables our clients to keep up with an evolving market.”

About Baker Hill

Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers a single unified platform with solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. The Baker Hill NextGen™ platform 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 500 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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