CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that Marion, Iowa.-based Farmers State Bank has selected its credit and risk management solution, Statement Analyzer℠. The bank will now have access to sophisticated financial spreads and data analysis to support sound decision making for every commercial loan application.
“Leveraging Baker Hill’s integrated, web-based Statement Analyzer provides the foundation needed in a single platform to improve our credit risk assessment process and more efficiently process complex commercial loan requests,” said Bill Fishburn, vice president and credit manager for Farmers State Bank. “Moving to a modern, credit analysis solution gives us a competitive advantage, helping us grow our commercial lending division while mitigating risk and maintaining regulatory thresholds.”
Using Statement Analyzer, credit analysts can conduct complex ratio analysis, projections and peer comparisons during the origination process. The integrated solution facilitates reporting, data collection, global cash flow, covenants and a credit memorandum, all from a single, central location. Access to this data allows banks like Farmers State to more accurately underwrite commercial loans and make stronger credit decisions, while improving the quality and consistency of the origination process.
“We’re helping clients drive more profitable lending relationships through better decisioning,” said Naseer Nasim, president and chief executive officer from Baker Hill. “Baker Hill’s Statement Analyzer ensures loans are viable, running through a complex set of variables and data to mitigate risk. In an increasingly competitive market, this type of insight positions banks for growth and expansion.”
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.
