CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of SaaS solutions for common loan origination, relationship management and smart data analytics, announced today that Anchorage, Alaska-based Denali Federal Credit Union has selected its Bank2Business® origination solution paired with Statement Analyzer, a sophisticated financial analysis tool, to expand its business lending capabilities.
“We have experienced tremendous growth and expansion including opening new branch locations in Alaska, and most recently, in Kent, Wash.,” said Tara Tetzlaff, senior vice president, Member Business Lending & Services, Denali Federal Credit Union. “With this growth came opportunity to meet the lending needs of an underserved business community. We embarked on a two-year initiative to launch an expanded commercial lending division that would not only accommodate small business owners, but also the more complex needs of larger organizations and enterprises. After exploring various platforms, Baker Hill’s proven reputation and posture as the leading provider of member business lending solutions stood out.”
Baker Hill’s Bank2Business supports business credit requests of all sizes using a single, integrated platform. Relying on each institution’s unique credit policies, the solution provides customized loan processing, providing the flexibility to select a decision strategy and develop configurable workflows. This automation accelerates application processing and creates the consistency needed to effectively reduce risk. It also generates a credit memorandum, which is especially valuable in documenting the decisioning justification.
The complementary product offering, Statement Analyzer, helps underwriters and credit analysts assess and manage credit risk. It provides access to comparative data, helping institutions make sound credit decisions.
“Partnering with Baker Hill has given us the technology foundation and the industry expertise and knowledge to complete such an aggressive initiative,” continued Tetzlaff. “Baker Hill’s Bank2Business solution provides a unified foundation across all of our branches, giving our loan officers the data and information they need to quickly respond to credit requests, effectively examine and manage risk thresholds, and ultimately make sound lending decisions.”
“Member service is the core of the credit union movement and the foundation of every credit union’s business goals and objectives,” said Naseer Nasim, president and chief executive officer for Baker Hill. “Denali is a progressive institution that shares our vision of leveraging modern, innovative technology to better serve its members and at the same time, expand its business member lending capabilities in today’s increasingly competitive market. Having a sophisticated solution to drive their commercial lending business gives Denali an advantage, positioning them for future growth and success.”
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.
About Denali Federal Credit Union
Denali Federal Credit Union is the third largest Credit Union in Alaska, with more than 66,000 members and more than $620 million in assets. The Credit Union was formed in 1948, in Anchorage, and now serves members through 20 branches throughout Alaska and in Kent, Washington.