18 November 2017
visit www.avoka.com

Peoples Bank and Trust picks Baker Hill NextGen Statement Spreading

05 September 2017  |  1938 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 Peoples Bank and Trust Company of Hazard has selected Baker Hill NextGen Statement Spreading to gain greater insight into the commercial lending underwriting process from one central location for more efficient financial analysis.

Based in Hazard, Ky., Peoples Bank and Trust ultimately chose to implement Baker Hill NextGen™ Statement Spreading because its sister bank, Citizens Bank and Trust of Jackson, Ky., uses the solution and values its comprehensive, user-friendly features. With Baker Hill’s credit analysis tool, Peoples Bank can easily review commercial loans and make solid credit decisions by leveraging the solution’s reporting, data analysis and sophisticated financial spreading functionalities.

Baker Hill NextGen™ Statement Spreading facilitates reporting, data collection, global cash flow, covenants and a comprehensive credit memorandum in one, central location, offering unprecedented insight into the commercial lending underwriting process. The solution improves the quality and consistency of financial analysis to ensure sound credit decisions.

“Our prior solution was designed more for personal credit analysis rather than commercial credit analysis, which made reviewing the loan portfolio more difficult than it needed to be,” said James Kiser, Vice President and Senior Lender at Peoples Bank and Trust. “Upgrading to Baker Hill NextGen™ Statement Spreading will allow us to easily conduct complex ratio and cash flow analyses, projections and peer comparisons, resulting in more efficient processing and review of commercial loan requests.”

“As senior lender, James is tasked with reviewing and processing each commercial loan request for both Peoples Bank and Trust, as well as its sister bank, Citizens Bank and Trust of Jackson. However, by leveraging Baker Hill’s technology, James and his team at the bank gain significant efficiencies when analyzing credit requests,” said John M. Deignan, CEO of Baker Hill. “With centralized access to accurate, comparative data and commercial real estate insight, Peoples Bank is able to streamline the underwriting process while mitigating risk and maintaining regulatory compliance, resulting in a healthy, profitable commercial loan portfolio.” 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.ncr.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
11717 views comments | 20 tweets | 19 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
11685 views comments | 15 tweets | 28 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
9846 views comments | 20 tweets | 36 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
9159 views comments | 13 tweets | 38 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
7790 views comments | 26 tweets | 37 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job