Union Bank, which serves customers throughout
Vermont and New Hampshire, transitions to Baker Hill
NextGen® for commercial lending
CARMEL,
Ind., Feb. 13, 2023 /PRNewswire/ -- Baker
Hill, the leading financial technology provider in delivering
solutions for loan origination, risk management, and analytics,
today announces an expanded partnership with Union Bank of
Vermont and New Hampshire. The bank has upgraded to Baker
Hill NextGen®, a unified solution that streamlines loan origination
and portfolio monitoring.
Founded in 1891 and based in Vermont, Union Bank provides personal,
corporate and municipal banking services to customers and
businesses across Northern Vermont
and Northern New Hampshire. For
more than a century, Union Bank has proudly invested in its
communities and supported the growth of job-generating local
businesses.
By upgrading from Baker Hill's legacy solution to Baker Hill
NextGen®, Union Bank will increase efficiencies and manage the
entire commercial lending process with a single, integrated
platform. With Baker Hill NextGen®, the bank is able to support
more efficient decisioning through optimized credit approval
processes, grow and develop client relationships, manage referrals
and more. The bank will also leverage the Baker Hill NextGen®
Client Portal, which allows customers to track their loan
application from submission to closing, offering greater
transparency and enhanced communication during the application
process. Union Bank will use this opportunity to not only
create a better experience for their commercial borrowers, but also
to create a better experience for their staff of lenders and credit
analysts.
"For decades, Union Bank has been dedicated to providing a
seamless experience for our commercial borrowers," said
Jonathan Gould, SVP of Union Bank.
"From the start, our relationship with Baker Hill has proven to be
valuable, which is why we've chosen to migrate to the Baker Hill
NextGen® suite to further streamline our lending processes and
create an exceptional experience for our commercial borrowers. We
are excited to take our partnership to the next level and to
leverage the full capabilities of the solution."
"Union Bank has a long history of providing excellent customer
service. Our team is proud to support the bank's high standard of
service with our best-in-class loan origination solution," said
John Deignan, president and CEO of
Baker Hill. "We look forward to our expanded partnership with Union
Bank, as we continue helping their team and customers achieve their
business goals."
About Union Bank
Union Bank, a wholly owned subsidiary
of Union Bankshares, Inc (UNB, traded on the NASDAQ Exchange), has
been helping people buy homes and local businesses create jobs in
area communities since 1891. Headquartered in Morrisville, VT, Union Bank is a full-service
bank offering deposit, loan, trust, commercial and municipal
banking services throughout northern Vermont and northwestern New Hampshire. Union Bank has earned an
outstanding reputation for residential lending programs and is an
SBA Preferred Lender. Union Bank has received an "Outstanding"
rating for its compliance with the Community Reinvestment Act
(CRA). This rating recognizes Union Bank's excellent record of
helping to meet the credit needs of members of the communities in
which it operates, particularly in low-and moderate-income
neighborhoods. Proud to be one of the few community banks serving
Vermont and New Hampshire, Union Bank maintains a strong
commitment to traditional banking values. Union Bank is dedicated
to providing personalized customer service and community support,
including donations to numerous local nonprofit organizations.
These values—combined with financial expertise, quality products
and the latest technology—make Union Bank the premier choice for
your banking services, both personal and commercial. Union Bank
currently maintains 18 banking offices, 3 loan centers and multiple
ATMs. Member FDIC. Equal Housing Lender.
About Baker Hill
Baker Hill is in the business of
evolving loan origination by combining expertise in technology with
expertise in banking. Built on decades of walking alongside banks
and credit unions as they provide vital resources to their
communities, Baker Hill NextGen® is a configurable, single platform
SaaS solution for commercial, small business, consumer loan
origination, and risk management that grows along with you as your
business needs change. Baker Hill is lending evolved. For more
information, visit bakerhill.com.
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SOURCE Baker Hill