Union Bank Expands Relationship with Baker Hill

Union Bank, which serves customers throughout Vermont and New Hampshire, transitions to Baker Hill NextGen® for commercial lending
PRNewswireFebruary 14, 20234 min

Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, today announces an expanded partnership with Union Bank of Vermont and New Hampshire. The bank has upgraded to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring.

Founded in 1891 and based in Vermont, Union Bank provides personal, corporate and municipal banking services to customers and businesses across Northern Vermont and Northern New Hampshire. For more than a century, Union Bank has proudly invested in its communities and supported the growth of job-generating local businesses.

By upgrading from Baker Hill’s legacy solution to Baker Hill NextGen®, Union Bank will increase efficiencies and manage the entire commercial lending process with a single, integrated platform. With Baker Hill NextGen®, the bank is able to support more efficient decisioning through optimized credit approval processes, grow and develop client relationships, manage referrals and more.  The bank will also leverage the Baker Hill NextGen® Client Portal, which allows customers to track their loan application from submission to closing, offering greater transparency and enhanced communication during the application process.  Union Bank will use this opportunity to not only create a better experience for their commercial borrowers, but also to create a better experience for their staff of lenders and credit analysts.

“For decades, Union Bank has been dedicated to providing a seamless experience for our commercial borrowers,” said Jonathan Gould, SVP of Union Bank. “From the start, our relationship with Baker Hill has proven to be valuable, which is why we’ve chosen to migrate to the Baker Hill NextGen® suite to further streamline our lending processes and create an exceptional experience for our commercial borrowers. We are excited to take our partnership to the next level and to leverage the full capabilities of the solution.”

“Union Bank has a long history of providing excellent customer service. Our team is proud to support the bank’s high standard of service with our best-in-class loan origination solution,” said John Deignan, president and CEO of Baker Hill. “We look forward to our expanded partnership with Union Bank, as we continue helping their team and customers achieve their business goals.”

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