Help More Borrowers with Consumer Lending
One, centralized LOS for commercial, small business, and consumer loans to streamline lending processes and simplify data management.
Streamline Consumer Loan Requests
Today’s consumer borrower could be tomorrow’s business borrower. Provide an excellent experience to build lasting relationships.
Streamline and Automate
Focus efforts on more complex and profitable opportunities.
Simplify Data Management
Manage all loan requests in one one system and one database.
Grow Market Share
Help more borrowers to grow your market share and footprint.
One LOS For All Loan Requests
One System For All Loans
Simplify your vendor ecosystem and manage all loan requests in one place to improve onboarding and collaboration across teams.
Online Loan Applications
Meet your borrowers where they are at and capture more loan applications with the digital experience they expect.
Banker Application
Equip your branch teams with easy-to-use loan applications and never miss an opportunity when you’re in front of your customers.
Decision Automation
Handle high volume, low dollar loans faster to meet the expectations of borrowers and deepen customer relationships.
Business Pipeline Growth
Capture data and understand the needs of more customers to fuel your business loan referrals and pipeline.
An Ecosystem of Integrations
Gain Efficiency, Deepen Relationships
Streamline processes and provide a consistent borrower experience across business lines.
Streamlined growth
Partners in growth
Resources For Consumer Lending
Learn about the benefits of streamlining consumer lending
Frequently Asked Questions
Top questions about consumer loan origination workflows
What are the benefits of an integrated loan origination system for consumer, small business, and commercial loans?
An integrated loan origination system offers seamless processing for both consumer and small business loans. This integration enhances operational efficiency by centralizing data management and streamlining workflows, resulting in quicker loan approvals and improved customer service.
Why should financial institutions consider upgrading to an integrated loan origination system?
Upgrading to an integrated system offers numerous benefits, such as enhanced efficiency, improved customer service, and better risk management. It positions financial institutions to compete effectively in a dynamic market by providing innovative and reliable loan solutions.
How does a consumer loan origination system improve efficiency?
A consumer loan origination system automates routine tasks, reducing manual errors and speeding up the application process. By utilizing business rules and machine learning, it ensures accurate risk assessment and faster decision-making, ultimately enhancing overall efficiency.
Why is scalability important in a loan origination system?
Scalability is crucial as it allows the system to handle increasing volumes of loan applications without compromising performance. This flexibility supports business growth, enabling financial institutions to expand their offerings and reach more customers effectively.
How does an integrated loan origination system enhance the customer experience?
By centralizing consumer, small business, and commercial loan processes, an integrated system provides a streamlined application experience. Customers benefit from faster approvals, clear communication, and more personalized service, leading to higher satisfaction and loyalty.
How can a loan origination system improve risk management?
Advanced loan origination systems use data analytics and predictive modeling to assess borrower risk accurately. This technology enhances risk management by identifying potential issues early and making informed lending decisions, thus safeguarding financial institutions.
How does a consumer loan origination system ensure compliance?
A consumer loan origination system incorporates regulatory requirements into its workflows, ensuring all processes adhere to legal standards. This automation reduces compliance risks and helps institutions maintain up-to-date practices effortlessly.
What loan types can Baker Hill NextGen® Consumer Lending support?
Baker Hill NextGen® Consumer Lending supports underwriting and decisioning for a variety of consumer loans including both secured and unsecured personal loans, direct auto loans, loans for RVs and boats, credit cards, lines of credit, and HELOCs.
What risk scoring models are available for consumer loan origination?
Baker Hill NextGen® supports individual credit scores from the three credit bureaus: Equifax , Experian, and TransUnion. Additionally, the individual credit data from those bureaus can be presented in a tri-merge format.
