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West Texas State Bank to implement Baker Hill’s loan origination platform

Published 13 July 2018

West Texas State Bank will deploy Baker Hill’s loan origination software - Baker Hill NextGen Loan Origination to standardize and streamline its consumer, commercial lending processes.

West Texas State Bank, based in Odessa, Texas with $416 million in assets, is growing its credit department and as part of that initiative, the bank needed to move to a single, common loan origination platform.

After evaluating solutions from several vendors and nearly finalizing the selection process, the bank was impressed by a demonstration of Baker Hill NextGen Loan Origination, which resulted in the bank’s decision to work with Baker Hill.

With Baker Hill NextGen Loan Origination, West Texas State Bank will standardize its commercial and consumer lending processes, as well as automate previously manual processes, including booking loans into their core system.

By using a proven common loan origination system like Baker Hill NextGen and defining a standard set of processes for originating credit requests, West Texas State Bank will drive efficiencies in the underwriting process.

The system also maximizes the use of customer data across loan types, enabling bank employees to easily share information and gain a complete view of the applicant, which supports accurate risk decisions.

As a result of these capabilities, West Texas State Bank expects to achieve sustained profitable loan growth and improve the overall borrower experience.

Baker Hill president and CEO John Deignan said: “By providing tools to improve lending efficiencies and capturing the data needed to make quality credit decisions, Baker Hill NextGen empowers financial institutions, like West Texas State Bank, to maximize their growth and profitability potential.

“Additionally, our team’s industry expertise and consultative approach ensures that our clients get the most value possible out of their technology investment. We look forward to working with West Texas State Bank and helping this institution drive speed, efficiency and accuracy within its lending operations.”

West Texas State Bank president, chief lending officer and chief operating officer Les Robbins said: “By implementing Baker Hill NextGen Loan Origination, we have positioned our bank for more efficient portfolio growth. Baker Hill stood out as a provider that would best help us streamline the origination process with its roles-based, intuitive lending solutions.

“We anticipate that the consistencies and efficiencies we establish in our lending processes with Baker Hill NextGen will significantly help our loan officers and give them more time to pursue other loan opportunities, which will also prove beneficial for the bank’s bottom line.”

Source: Company Press Release