Mortgage origination, danger administration, and analytics firm Baker Hill solid a brand new partnership with Oakworth Capital Financial institution.
The financial institution will leverage Baker Hill NextGen to boost its mortgage origination and portfolio monitoring for industrial and personal shopper lending.
Baker Hill most just lately demoed its expertise on the Finovate stage at FinovateFall in 2021.
Carmel, Indiana-based Baker Hill introduced a brand new partnership with Oakworth Capital Financial institution this week. The partnership is the primary new alliance from the mortgagetech since non-public fairness agency Flexpoint Ford acquired the corporate in June. Oakworth Capital Financial institution will deploy Baker Hill NextGen, a unified answer for mortgage origination and portfolio monitoring for each industrial and personal shopper lending.
“Our financial institution’s mission is targeted on delivering a customized expertise for our purchasers, which frequently means difficult the established order and reimagining how monetary providers are delivered,” Oakworth Capital Financial institution chairman and CEO Scott B. Reed mentioned. “The workforce is at all times on the lookout for new, higher methods to assist our purchasers obtain their monetary aspirations and Baker Hill NextGen will assist us proceed to do this.”
The brand new expertise will allow Oakworth Capital Financial institution to boost its industrial relationships, in addition to automate your entire shopper mortgage origination course of. The financial institution will even leverage Baker Hill NextGen Shopper Portal. This answer permits purchasers to submit mortgage paperwork on-line. Candidates can also monitor the standing of their mortgage all the best way to closing, bringing extra transparency to the origination course of. Moreover, the financial institution will combine TruStage (previously Compliance Options) with Baker Hill NextGen with the intention to automate mortgage doc preparation and guarantee compliance.
“With Baker Hill NextGen, Oakworth Capital Financial institution can optimize their complete mortgage origination course of and proceed surpassing their purchasers’ expectations with a world-class borrowing expertise,” Baker Hill chairman and CEO John Deignan mentioned.
Based in 1983, Baker Hill most just lately demonstrated its expertise on the Finovate stage at FinovateFall in 2021. Within the time since, the corporate has solid partnerships with a large variety of banks and fintechs. These alliances embody partnerships with monetary establishments like Arvest Financial institution, Salem 5 Financial institution, and TowneBank. Additionally among the many firm’s current companions are tax workflow automation software program firm FlashSpread, and regional monetary providers firm BOK Monetary.
Photograph by Scott Webb
