updated: 7/9/2002 2:53:00 PM
Baker Hill's technology solution is designed to streamline the loan origination and portfolio management processes by working with the systems a bank already has in place. Using a flexible open architecture, this software will automatically manage the flow of work initiated by the submission of a credit application. Using rules defined by the bank, tasks such as verification, scoring, UCC search, approval and documentation are automated for improved efficiency and management oversight. SunTrust will employ Baker Hill's configurable business banking loan origination solution to standardize these processes for serving professionals and growing businesses such as manufacturers, wholesalers and retailers through its Business Banking Centers.
"This technology will provide us an opportunity to enhance the efficiency of our processing capabilities and improve customer service with quicker response times," said John Frank, senior vice president, Business Banking at SunTrust.
"Eighteen of the top 150 banks use Baker Hill's loan origination solutions to achieve a greater return on their customer relationships, " said Mark Hill, president of Baker Hill. "We are proud to partner with this premier bank."
SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of March 31, 2002, SunTrust had total assets of $106.2 billion and total deposits of $69.5 billion. The company operates through an extensive distribution network in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia and the District of Columbia and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries, the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. Visit SunTrust's website at www.SunTrust.com.
About Baker Hill
Headquartered in Carmel, Indiana, Baker Hill has earned a leadership role in providing technology solutions that target the complete lifecycle of the business lending process. In business since 1983, Baker Hill solutions are currently in use at more than 1,000 financial institutions, ranging in size from small community banks to super regional and money center giants. Visit Baker Hill's website at www.bakerhill.com.
Source: Baker Hill