CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for lending, risk management, and analytics, has entered into a strategic alliance with Built Technologies, a Tenn.-based technology company bringing construction lending into the digital age.
The alliance will expand access to Built’s secure, cloud-based construction lending software and Baker Hill’s latest lending and risk management solution, Baker Hill NextGen®. Through this relationship, Baker Hill and Built will work together to better serve, expand, and grow their mutual client base. Baker Hill will refer Built’s construction loan management solution to its financial institution clients, which include some of the top banks and credit unions across the U.S. Likewise, Built will recommend Baker Hill NextGen®, the cloud’s most powerful, cutting-edge common loan origination, risk management and analytics solution, to its growing list of clients.
Baker Hill NextGen® 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 supporting a better customer experience. The company remains committed to the continuous development of Baker Hill NextGen®, regularly incorporating new feature functionalities and enhancements to ensure the solution fulfills the lending needs of today’s financial institutions.
“Entering into a strategic alliance with Built Technologies will help Baker Hill deliver the highest level of value and service to our clients,” said John M. Deignan, President and CEO of Baker Hill. “Both companies strive to empower streamlined lending operations with a better user experience and this alliance will help further align those interests, ensuring sustainable portfolio growth for our clients as well as Built’s clients.”
Built’s collaborative, cloud-based construction loan software brings the draw management process online, connecting each person involved with the loan and automating manual administration tasks. Built also offers configurable draw workflows to ensure proper approvals and regulatory compliance while the platform’s reporting and risk management features help users access information quickly to prioritize next steps and move forward on a construction loan with full transparency. As a result, lenders gain significant efficiencies in the construction lending process, driving loan profitability and improving the user experience.
“Through this strategic alliance, Built and Baker Hill are making it easier than ever for financial institutions to drive productivity and profitability in all areas of construction lending, including consumer, home builder finance, and commercial,” said Chase Gilbert, CEO and co-founder of Built. “Like Built’s construction loan platform, Baker Hill NextGen® ensures lenders have access to the right information in real-time to streamline lending processes and increase profitability while reducing risk. As a result, we believe our relationship with Baker Hill will empower the future success and growth of our customers’ businesses.”
Built is the leading provider of secure, cloud-based construction lending software. Built’s collaboration software brings the draw management process online and helps reduce construction loan risk, increases loan profitability, transforms the borrower experience and simplifies compliance. Built serves small, regional and national lenders coast-to-coast. To find out more, visit getbuilt.com, join Built on LinkedIn or follow Built on Twitter at @BuiltTechnology.
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 analytics 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.