21 September 2017
visit www.avoka.com

CapStar Bank picks Baker Hill lending platform

10 July 2017  |  1875 views  |  0 Source: Baker Hill

Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that CapStar Bank selected Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to streamline its entire consumer lending process and accommodate its growing loan portfolio.

Nashville, Tenn.-based CapStar Bank, with $1.4 billion in assets, has experienced rapid growth, with a particular expansion of its loan portfolio. To support its continued growth, the bank sought an automated origination solution that would support more efficient processing and decisioning for large volumes of consumer loans, streamlining each phase of the consumer lending process while mitigating credit risk. Given Baker Hill’s reputation as a trusted advisor for more than 600 financial institutions across the U.S., CapStar Bank selected Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to achieve these objectives.

Baker Hill NextGen™ Consumer Loan Origination platform is a browser-based solution that automates the entire consumer lending application process from submission to booking and reporting, ensuring consistent, accurate processing and decisioning of direct loans. The solution uses an advanced full range of credit reporting company scores in conjunction with the bank’s unique credit policies to help the bank accurately evaluate customers’ credit risk. Additionally, Baker Hill NextGen™ Consumer Loan Origination supports multiple decisioning strategies and scoring approaches, while ensuring regulatory compliance.

“With the increased efficiencies that Baker Hill’s consumer loan origination solution delivers, we believe our team at CapStar will be able to direct more of their focus toward better serving our customers, which is the bank’s top priority,” said Robert LaMendola, Senior Credit Officer of CapStar Bank. “By leveraging Baker Hill’s proven lending technology, we are confident that CapStar will continue to grow its consumer loan portfolio while maintaining sound credit quality, positioning the bank for long-term success and profitable growth.”

“CapStar Bank’s decision to leverage Baker Hill’s consumer loan origination solution will drive new efficiencies and capabilities within the lifecycle of its loan relationships,” said John M. Deignan, CEO of Baker Hill. “With the growing presence of marketplace lenders along with rising interest rates, today’s lending environment is increasingly competitive. However, by selecting Baker Hill’s technology, CapStar Bank will be able to expedite and streamline its consumer lending process, resulting in a better banking experience for its customers while boosting the bank’s bottom line.” 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comdownload the paper nowvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11573 views comments | 24 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10596 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9318 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7867 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7725 views comments | 18 tweets | 26 linkedin

Featured job

circa £250K total package

Find your next job