CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management, business intelligence and decisioning tools, has grown its new logo clients by double digits since the launch of Baker Hill NextGen®, the company’s expert solution for lending, risk management and analytics. Additionally, Baker Hill remains dedicated to delivering best in class solutions and has recently moved to a new office building for a workspace that is conducive to the development of leading-edge technology.
Baker Hill’s new clients include many highly-innovative financial institutions across the U.S., including –Hampton, Virginia-based Old Point National Bank, Southern Pines, North Carolina-based First Bank and Old Hickory, Tennessee-based Old Hickory Credit Union, among others. As a result of its recent growth, more than 20,000 bankers now trust Baker Hill’s loan origination solutions to address their small business, consumer and indirect lending needs. On the commercial side, the company’s expansive client roster currently manages $1.3 trillion in commercial loan opportunities, while Baker Hill runs over 15.6 million rules daily to monitor the financial strength of its clients’ commercial loan portfolios. Baker Hill also maintains the CRM and tracks all associated products for more than 37 million commercial lending customers. For small business lending, almost $153 billion in small business loan applications have been submitted using Baker Hill’s technology.
Baker Hill’s mission is to provide innovative technology and services that drive their clients’ success and profitability and this rapid growth highlights the value that Baker Hill provides financial institutions. The company has demonstrated a renewed commitment toward this mission with the 2017 launch and recently completed development of Baker Hill NextGen®, which supports the origination of commercial, small business and consumer loans, risk management and the execution of data-driven marketing strategies all on a single platform. The company’s expanding client base illustrates the growing demand for cutting-edge technology like Baker Hill NextGen®.
Niles Bay, COO and CTO of Baker Hill, played a vital role in the design of Baker Hill NextGen®, guiding his team and creating the framework for the development of the comprehensive, cloud-based banking platform. By leading the development of Baker Hill NextGen®, Bay has positioned Baker Hill for long-term success by enhancing the value that the company delivers to the industry. This significant accomplishment has resulted in his nomination for Indianapolis Business Journal’s CTO of the Year Award for which he is in the running as a top 12 honoree.
“The Baker Hill team is constantly striving to support our staff and help us generate efficiencies at all levels to ensure our success and continued growth,” said Les Robbins, President, Chief Lending Officer and Chief Operating Officer of West Texas State Bank. “Baker Hill’s longstanding reputation as an industry expert combined with the company’s goal of leading innovation within the financial space led to our decision to partner with them. By leveraging the company’s latest lending technology, we expect to grow our consumer and commercial loan portfolios more efficiently while our team can direct their focus on our top priority, which is better serving our valued customers.”
“Baker Hill remains committed to providing our clients with the latest technology so they can more easily address regulatory and competitive pressures while ensuring a positive experience for their own customers,” said John M. Deignan, President and CEO of Baker Hill. “Our continuous product innovation and development is driven by Baker Hill’s passion for excellence, our energized employees and world-class client experience. We look forward to providing our clients with the tools they need to succeed in 2018 and beyond.”
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.