CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading financial technology provider, delivering solutions for commercial and small business loan origination, risk and relationship management, CECL, and smart data analytics, announced they were selected by Aite Group as best-in-class commercial loan origination system. The analyst firm’s 2019 Impact Report, “Commercial Loan Origination: Evaluating Vendors That Hone The Tip of the Spear,” recognized Baker Hill’s breadth of product features, superior client services, and client loyalty in the market.
Aite Group’s proprietary vendor assessment framework evaluated the overall competitive position of 15 vendors focusing on vendor stability, client strength, product features, and client services.
Senior Analyst with Aite Group's Wholesale Banking team and author of the report, David O’Connell said, “Baker Hill scored best in class because of high scores in client strength and product features. Primary drivers of the high client score were the size of the installed base average client tenure, and new client win rate.” O’Connell continued, “The strong product feature score was driven by strong reviews by clients and capability scope that extended beyond the ability to deliver on the vast majority of commercial lending business requirements to also include CECL compliance and profitability calculations.”
Aite Group highlighted the following features when referencing why Baker Hill was selected as best in class:
- Ability to deliver on commercial business lending requirements across the loan life cycle, including fully integrated CECL, profitability, and commercial loan pricing;
- The optimization of communication and collaboration throughout the entire commercial credit experience for both the borrower and the banker, driving efficiencies and automation in the lending process;
- Clients’ positive take on critical measurements such as value-to-cost, ability to deliver on promises, and breadth of solutions; and
- Recently announced partnership with Fiserv bringing the ability to cross-sell CLO capabilities to Fiserv’s core system clients seeking lending automation.
“To be recognized by Aite Group as best-in-class leader, reflects our daily commitment to provide our clients the best solution in commercial lending,” said Mike Horrocks, Vice President of Product Management at Baker Hill. “Baker Hill has been a leader in the commercial credit arena for decades. Being recognized as best in class is a tribute to the depth of commercial banking experience in our solutions and teams. Aite Group's recognition of Baker Hill NextGen® acknowledges the entire team here at Baker Hill and we're extremely pleased to receive these accolades.”
“We are honored to be named a best-in-class partner for commercial loan origination software,” said John M. Deignan, President and CEO of Baker Hill. “Aite Group’s report confirms that Baker Hill is more than just another bank operating system. Our 35 years in the industry and exceptional client service sets us apart from the competition. Baker Hill delivers on our commitments.”
About Baker Hill
Baker Hill empowers financial institutions to work smarter, reduce risk and drive more profitable relationships. The company delivers a single unified platform with modern solutions to streamline loan origination and portfolio risk management for commercial, small business and consumer lending. The Baker Hill NextGen® platform also delivers sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, generate growth and maximize profitability. Baker Hill is the expert solution for loan origination, portfolio risk and relationship management, CECL and analytics for financial institutions in the United States. For more information, visit www.bakerhill.com.