CARMEL, Ind.--(BUSINESS WIRE)--Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that Spokane Valley, Wash.-based Numerica Credit Union has selected its Bank2Business® solution to support the development of the member business lending segment within its portfolio.
Numerica currently uses Baker Hill’s Exception Advisor® risk management tool and decided to expand the existing relationship to accommodate its business lending process needs. Gregory Hansen, vice president of Business Services at Numerica, says Baker Hill was the clear choice for many reasons, the most influential being the credit union’s previous experience and ongoing success with Baker Hill.
“We wanted an innovative solution that drives efficiencies throughout the lending cycle and allows us to focus on building stronger relationships with our business members,” said Hansen. “Baker Hill’s decades of experience and the expertise of its team provide us with both the technology and guidance to strengthen our member business lending strategy.”
Bank2Business automates member business lending, facilitating consistency and enabling financial institutions to respond more quickly to business credit requests. Bank2Business bases decisioning on each financial institution’s credit policies, flagging exceptions to lower risk.
“Baker Hill's Bank2Business lending solution is one of the industry’s leading products. Progressive organizations like Numerica now have the ability to take member business lending to a new level,” says Naseer Nasim, chief executive officer for Baker Hill. “Numerica understands that combining high-tech lending with high-touch advisory services is essential in order to create a competitive differentiator. By implementing Bank2Business, Numerica is well-positioned to deliver leading edge member lending solutions while improving efficiency and reducing risk.”
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.
