Lending Teams

A Loan Origination System (LOS) provides several benefits so lenders can efficiently manage more applications. It streamlines workflow, speeds up processing times, and helps keep you in compliance. Integrated data increases accuracy and reduces errors by cutting down on manual data entry.

A loan origination system with smart lending workflows easily supports various loan types’ robust business rules that create the right loan workflow based on the request. The best LOS technology lets you update your deal and adjusts the workflow accordingly – eliminating time-consuming rework when a deal changes.

Lenders should look for a Loan Origination System built on a single database that gives them a holistic view of complex commercial relationships. They should consider an LOS with a modular infrastructure so they only pay for the features they need today, and have the ability to scale as their institution grows and their needs evolve.

Outside of faster decisions, there are several additional benefits for borrowers when implementing a Loan Origination System. Online loan applications and client portals provide a modern digital experience that also creates transparency and keeps them in the loop. Tickler management systems help streamline communications and document requests so they aren’t asked for the same document multiple times.

Yes. If your institution is complex and needs specific configured software, Baker Hill can work with your teams to tailor our solution to your needs.

We also offer a more pre-configured solution for institutions starting out with an LOS that has workflows and credit memos built on best-practices from top financial institutions already using Baker Hill NextGen®.