John M. Deignan, President and CEO of Baker Hill

Hawaiian credit union lender, Hawaii State FCU has selected Baker Hill NextGen in a bid to mitigate risks and propel its commercial lending growth.

Baker Hill is a financial technology provider that delivers solutions for risk and relationship management, CECL compliance and smart data analytics.

John M. Deignan, President and CEO of Baker Hill commented, “Our goal at Baker Hill is to help community financial institutions drive profitable growth while lowering risk, which we have successfully done. More than 20,000 bank and credit union professionals now trust Baker Hill’s loan origination solutions. We’re pleased to expand our relationship with Hawaii State FCU and look forward to continuing to support their commercial lending needs.”

The supplier states that Baker Hill NextGen’s Exception Tracking is expected to improve Hawaii FCU’s risk mitigation process and assist its commercial lending department in achieving compliance. The platform supports the portfolio management stage of the lending process by securely monitoring document, financial statement, policy, compliance and exception management. The platform facilitates reporting, data collection, cash flow etc. in one location, thus aiming for sound credit decisions.

Baker Hill’s NextGen Exception Tracking is expected to complement Hawaii State FCU’s existing Baker Hill NextGen Statement Spreading solution.

Carol Higa, Hawaii State FCU Executive Vice President of Consumer Lending and Commercial and Business Banking commented, “Baker Hill NextGen® Statement Spreading was already in place and has been an integral part of our underwriting process. We have now chosen Baker Hill NextGen® Exception Tracking as the best product for us to add even more support to our evolving commercial lending department. We look forward to more growth this year with Baker Hill’s solutions.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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