CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, has entered into a strategic partnership with Lowenstein and Associates®, P.C. to automate the interface between loan origination and core systems by integrating its LenderLink® solution with Baker Hill NextGen™.
Through this integration, Baker Hill further streamlines the loan origination process and makes onboarding a loan more efficient by uploading all loan information into the financial institution’s core banking system. Not only does this level of automation provide significant time savings, but it also eliminates duplicate entry.
“Financial institutions continue to be under immense pressure to improve and speed up the loan onboarding process, which is why partnering with Lowenstein and Associates will be instrumental in delivering the solutions our financial institution clients want and need,” said John M. Deignan, President and CEO of Baker Hill. “By integrating LenderLink® into Baker Hill NextGen™, our clients will be able to quickly move loan information to their core to not only reduce data entry errors, but free up time to focus on other tasks. We look forward to the competitive advantages this partnership will provide.”
The LenderLink® smart-communication technology eliminates double/triple data entry. It automatically assigns key loan characteristics based on loan type and passes that information to the core. By using LenderLink® to move loan information between the loan origination software (LOS) and core, financial institutions reduce data entry errors and reduce time spent by staff. Not only does LenderLink® help increase staff productivity, it facilitates segregation of duties when boarding loans.
“We’re thrilled to partner with Baker Hill and bring LenderLink® to the company’s powerful loan origination system,” said Don Lowenstein, President of Lowenstein and Associates®, P.C. “This integration will not only be valuable to their financial institution clients, but also to consumers, as it will speed the process and ensure accuracy, and ultimately strengthen relationships with account holders.”
Baker Hill NextGen™ is the cloud’s most powerful, cutting-edge common loan origination, risk management, and analytics solution – created by industry leaders to help banks and credit unions of all sizes work smarter, make sound business decisions, and drive more profitable relationships. The solution offers comprehensive loan origination features and a streamlined, fluid workflow with access to one source of data, empowering financial institutions to boost productivity and ultimately drive growth and profitability.
About Lowenstein & Associates, P.C.
Lowenstein and Associates® is a licensed CPA firm that develops software to help lenders do their work smarter and faster. When you purchase LenderLink®, you get the best of both worlds – a top-notch software application supported by certified public accountants. With Lowenstein loan software, lenders can be confident in their compliance with ever-changing banking regulations. Its smart-communication technology eliminates double/triple data entry and automatically assigns key loan characteristics based on loan type and passes that information to the core, as well as performs all necessary accounting required for new loans.
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.