Home Bank Migrates to Baker Hill NextGen® Business Loan Origination, Adds CECL Functionality to Full Suite of Products

Baker Hill, a main monetary era issuer, turning in solutions for commonplace loan origination, danger and courting management, CECL, and smart information analytics, introduced that Lafayette, La.-based totally Home Bank has renewed its relationship with Baker Hill, inclusive of the addition of Baker Hill NextGen® CECL and Baker Hill NextGen® Business Loan Origination, to increase productivity and performance within the lending procedure and deliver an exquisite digital revel into customers. Home Bank is paving the manner for network economic establishments looking to fulfill the wishes of their enterprise clients.

Tweet this

For more than a hundred and ten years, Home Bank has devoted itself to serving the economic wishes of Lafayette Parish, increasing into South Louisiana and Western Mississippi. With recognition as a relied-on financial associate for households and companies throughout the network, Home Bank chose to construct upon its present courting with Baker Hill by migrating to Baker Hill NextGen® and incorporating additional functions and functionality with Baker Hill NextGen® Business Loan Origination and CECL. As a result, the financial institution will gain a modern-day consumer interface that is engineered to evolve to the evolving wishes of clients and provide access to all features and information within a singular platform. Additionally, Home Bank will leverage Baker Hill NextGen® CECL to help turn the upcoming Current Expected Credit Loss (CECL) requirements into a strategic advantage.

Home Bank Migrates to Baker Hill NextGen® Business Loan Origination, Adds CECL Functionality to Full Suite of Products 1

Historically, Home Bank underwrote all commercial enterprise loans to industrial loans, creating a tedious manner for small business proprietors. The selection to shift to Baker Hill NextGen® Business Loan Origination has become driven by a desire to serve these clients more correctly, even offering the industry’s exceptional resources for portfolio management. With Baker Hill NextGen®, Home Bank can automate, combine, and streamline business lending approaches, allowing small and medium-sized agencies to increase productivity while minimizing risk. The platform may even assist the bank in creating a web presence, rounding out the total virtual revel for customers.

“Much like many network banks nowadays, we have a handful of disparate systems that creditors and frontline customers ought to use to finish simple requests,” stated Darren Hill, SVP, Credit Manager of Home Bank. “The largest benefit Baker Hill NextGen® will deliver to our financial institution has everything in one imperative platform. Our creditors are enthusiastic about the opportunity to cast off redundant records access and get entry to efficient commercial enterprise lending and portfolio management tools even as driving loan boom.”

Hill endured, “Baker Hill’s Advisory Services group was with us each step of the manner to make certain an easy implementation procedure. The group became beneficial and elegant, working intently with our bank to make changes and tweaks along the way and accommodate our desires to provide fine service to our customers.”

“Home Bank is paving the manner for network economic institutions trying to satisfy the needs of their commercial enterprise clients,” said John M. Deignan, President and CEO of Baker Hill. “Baker Hill serves as the conduit to getting small commercial enterprise loans through the pipeline quickly and correctly. After running with Home Bank for many years, we’re looking ahead to this next degree of our dating and presenting steering to assist the financial institution and its clients in generating growth, reducing hazard, and enhancing productivity and profitability.”

About Home Bancorp

Home Bancorp, Inc. The figure organization for Home Bank, N. A., a national bank established in Lafayette, Louisiana. Home Bank, founded in 1908 as Home Building & Loan, is the oldest monetary organization in Lafayette Parish. With forty places throughout South Louisiana and Western Mississippi, Home Bank is dedicated to serving the desires of its clients and communities. Customer relationships have continually been Home Bank’s trademark, and that subculture keeps as we develop, invest, and serve our clients and communities. For extra records about Home Bank, visit www.Home24bank.Com.

About Baker Hill

Baker Hill empowers monetary institutions to work smarter, lessen chance, and drive more worthwhile relationships. The corporation grants a unified platform with current answers to streamline mortgage origination and portfolio chance control for businesses, small enterprises, and customer lending. The Baker Hill NextGen® platform can provide state-of-the-art analytics and marketing solutions that guide sound commercial enterprise decisions to mitigate risk, generate boom, and maximize profitability. Baker Hill is the professional answer for loan origination, portfolio chance, dating management, CECL, and analytics for monetary establishments in the United States. For extra information, go to www.bakerhill.com.

Eddie Bowers
Eddie Bowershttp://homezlog.com/
With an eye for design, I have always loved home improvement. Whether it's making a house look bigger by painting walls white, adding a new kitchen, or finding the perfect piece of furniture, there is something out there that can make a space feel more comfortable and inviting. I love to explore the latest trends in home decor, as well as home repair, so I can help people find solutions for projects and projects. My articles aim to provide the latest tips and tricks, help people understand home improvement terminology, and inspire them to take on their home improvements. I am passionate about creating content that can help people solve problems, and I'm excited to use my skills and writing experience to help people through home improvement, home repair, and interior decorating.