Baker Hill, a leading provider of technology solutions for commercial loan origination, risk management, relationship management and smart data analytics, has expanded its collaboration with Marquette Bank and will implement several Baker Hill NextGen solutions.
Based in Chicago, Marquette Bank has also renewed its contract and upgraded to Baker Hill NextGen for Commercial Lending. With $1.6bn in assets, Marquette Bank has been a Baker Hill client for nearly 20 years. Marquette Bank has been able to automate its lending processes and improve its credit memo creation time by upwards of 25 percent with its commercial lending solution in place.
Consequently, the bank has been able to provide more efficient customer experience with faster turnaround times and gained significant progress in the lending process. These accomplishments have resulted in Marquette’s decision to renew its contract and upgrade to Baker Hill NextGen for Commercial Lending.
The bank has also stated that it will implement additional Baker Hill solutions on the common loan origination and portfolio management platform due to the longstanding and successful partnership it has enjoyed with Baker Hill. This will enable Marquette Bank to further optimise lending operations.
By harnessing the Baker Hill NextGen Portfolio Risk Management and Small Business Loan Origination, the bank aims to significantly improve its process for annual reviews and loan renewals, reducing operational costs. Furthermore, the NextGen Small Business Loan Origination will allow the bank to create a seamless framework for its small business lending process.
Frances Brashares, AVP and commercial loan operations manager, at Marquette Bank, stated: “Baker Hill NextGen offers greater flexibility so we can adapt the solution to our specific needs, which will enable us to provide the outstanding experience our customers expect.”
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By GlobalDataJohn M. Deignan, president and CEO of Baker Hill, added: “Implementing the additional Baker Hill NextGen solutions will empower Marquette Bank to further boost its productivity and profitability while meeting the heightened expectations of today’s consumers.”
