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09/05/2017

Member News

Peoples Bank & Trust Selects Baker Hill NextGen™ Statement Spreading to Gain Efficiencies in the Commercial Lending Underwriting Process

 

CARMEL, Ind., Sept. 5, 2017 – 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.”

About Baker Hill

Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. Baker Hill also delivers sophisticated business intelligence and revenue enhancement solutions that support sound business decisions to mitigate risk and generate growth. Baker Hill is the #1 provider of member business lending services, serving 600 financial institutions, including more than 20% of the top 150 U.S. banks and 20% of the top 25 U.S. credit unions. For more information, visit www.bakerhill.com.

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