CARMEL, Ind.–Baker Hill, a provider ofSaaS solutions for common loan origination, relationship management and smart data analytics, said Anchorage, Alaska-based Denali Federal Credit Union has selected its Bank2Business origination solution paired with Statement Analyzer, a sophisticated financial analysis tool, to expand its business lending capabilities.
“We have experienced tremendous growth and expansion including opening new branch locations in Alaska, and most recently, in Kent, Wash.,” said Tara Tetzlaff, senior vice president, Member Business Lending & Services, Denali FCU. “With this growth came opportunity to meet the lending needs of an underserved business community. We embarked on a two-year initiative to launch an expanded commercial lending division that would not only accommodate small business owners, but also the more complex needs of larger organizations and enterprises. After exploring various platforms, Baker Hill’s proven reputation and posture as the leading provider of member business lending solutions stood out.”
Baker Hill said its Bank2Business supports business credit requests of all sizes using a single, integrated platform. Relying on each institution’s unique credit policies, the solution provides customized loan processing, providing the flexibility to select a decision strategy and develop configurable workflows. This automation accelerates application processing and creates the consistency needed to effectively reduce risk. It also generates a credit memorandum, which is especially valuable in documenting the decisioning justification, the company said.