Baker Hill, a leading financial technology provider, delivering solutions for commercial and small business loan origination, risk and relationship management, CECL, and smart data analytics, announced they were selected by Aite Group as best-in-class commercial loan origination system. The analyst firm’s 2019 Impact Report, “Commercial Loan Origination: Evaluating Vendors That Hone The Tip of the Spear,” recognized Baker Hill’s breadth of product features, superior client services, and client loyalty in the market.
Aite Group’s proprietary vendor assessment framework evaluated the overall competitive position of 15 vendors focusing on vendor stability, client strength, product features, and client services.
Senior Analyst with Aite Group's Wholesale Banking team and author of the report, David O’Connell said, “Baker Hill scored best in class because of high scores in client strength and product features. Primary drivers of the high client score were the size of the installed base average client tenure, and new client win rate.” O’Connell continued, “The strong product feature score was driven by strong reviews by clients and capability scope that extended beyond the ability to deliver on the vast majority of commercial lending business requirements to also include CECL compliance and profitability calculations.”
“To be recognized by Aite Group as best-in-class leader, reflects our daily commitment to provide our clients the best solution in commercial lending,” said Mike Horrocks, Vice President of Product Management at Baker Hill. “Baker Hill has been a leader in the commercial credit arena for decades. Being recognized as best in class is a tribute to the depth of commercial banking experience in our solutions and teams. Aite Group's recognition of Baker Hill NextGen® acknowledges the entire team here at Baker Hill and we're extremely pleased to receive these accolades.”
“We are honored to be named a best-in-class partner for commercial loan origination software,” said John M. Deignan, President and CEO of Baker Hill. “Aite Group’s report confirms that Baker Hill is more than just another bank operating system. Our 35 years in the industry and exceptional client service sets us apart from the competition. Baker Hill delivers on our commitments.”