CapStar Bank, a Tennessee-based bank with $1.4bn in assets, has chosen Baker Hill NextGen Consumer Loan Origination for Direct Lending to facilitate the consumer lending process.
Baker Hill said that its loan origination platform ensures accurate processing of direct loans by automating various aspects of the lending process, such as application, booking and reporting.
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The solution also utilises advanced credit reporting company scores to help the bank assess credit risk of customers with accuracy, as well as offers regulatory compliance, the vendor said.
CapStar Bank senior credit officer Robert LaMendola said: “By leveraging Baker Hill’s proven lending technology, we are confident that CapStar will continue to grow its consumer loan portfolio while maintaining sound credit quality, positioning the bank for long-term success and profitable growth.”
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