Source: Baker Hill
Baker Hill, an Experian company and an expert in banking process solutions, announced that Susquehanna Bancshares, Inc. (NASDAQ:SUSQ) has chosen Portfolio Risk Advisor, an automated portfolio-monitoring system, to streamline the management of its small-business loan portfolio.
"Minimizing processing costs is critical to managing our portfolio effectively," said Michael Quick, Susquehanna's executive vice president. "Portfolio Risk Advisor will not only help us maintain sound credit quality, but it will also automatically review our portfolio and provide early identification of suspect accounts before they become problems. In addition, Portfolio Risk Advisor will allow us to expand our relationship with our customers by offering new services based on credit score increases."
With assets of $8.1 billion, Susquehanna delivers small-business lending services from more than 166 locations in the United States. The bank intends to utilize Portfolio Risk Advisor to centralize and standardize the monitoring of its small-business portfolio in order to redirect staff time to better serve its customers.
"According to recent statistics from Experian's business credit file, as many as 132,000 businesses have new derogatory legal filings per month. So, it's a big task to effectively monitor a loan portfolio," said Joe Kuntz, president of Baker Hill. "Portfolio Risk Advisor will monitor Susquehanna's portfolio for key events and flag those accounts that merit special attention, providing them with an enormous lift in efficiency and effectiveness."
Portfolio Risk Advisor leverages Baker Hill's risk-management expertise to help banks mitigate risk and streamline the portfolio management process. By integrating origination and performance information with the power of Experian data and analytics, Portfolio Risk Advisor delivers an accurate, point-in-time view of the bank's entire portfolio.