Baker Hill Achieves Record Revenue Growth, Adds 47 New Financial Institutions as Clients in 2022

This record growth is a sign of strong demand from financial institutions for solutions that improve efficiency, reduce risk, support sound decision making, and other services to maximize portfolio performance and profitability. TowneBank, a Virginia-based bank, was one of many Baker Hill clients who upgraded to the full NextGen(r), suite last year. "After nearly two decades of working with Baker Hill, we decided to move to the full Baker Hill NextGen(r), Loan Origination platform. Brad Schwartz, TowneBank's President and Chief Operating Officer, stated that the platform will be used by our team for commercial, small-business, and consumer loans. Baker Hill's president and CEO John M. Deignan said, "Last Year was a record-breaking year for Baker Hill" and that the milestones achieved were a testament to how technology and our team can add value to the financial service industry. "I am proud of my colleagues for the positive effect they have had on our company, as well as our clients at financial institutions, despite continuing economic uncertainty." Baker Hill expects to see another year of strong growth in 2023. The company is committed to providing financial institution clients with the best portfolio risk management and loan origination technology. Baker Hill: Baker Hill's mission is to improve loan origination through combining technology expertise with banking expertise. Baker Hill NextGen(r), a SaaS platform that can be configured for small and large businesses, as well as consumer loans, was built on the decades of working alongside credit unions and banks to provide valuable resources to their communities. Baker Hill is the leader in lending evolution. SOURCE Baker Hill