Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that CapStar Bank selected Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to streamline its entire consumer lending process and accommodate its growing loan portfolio.

Nashville, Tenn.-based CapStar Bank, with $1.4 billion in assets, has experienced rapid growth, with a particular expansion of its loan portfolio. To support its continued growth, the bank sought an automated origination solution that would support more efficient processing and decisioning for large volumes of consumer loans, streamlining each phase of the consumer lending process while mitigating credit risk. Given Baker Hill’s reputation as a trusted advisor for more than 600 financial institutions across the U.S., CapStar Bank selected Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to achieve these objectives.

Baker Hill NextGen™ Consumer Loan Origination platform is a browser-based solution that automates the entire consumer lending application process from submission to booking and reporting, ensuring consistent, accurate processing and decisioning of direct loans. The solution uses an advanced full range of credit reporting company scores in conjunction with the bank’s unique credit policies to help the bank accurately evaluate customers’ credit risk. Additionally, Baker Hill NextGen™ Consumer Loan Origination supports multiple decisioning strategies and scoring approaches, while ensuring regulatory compliance.

“With the increased efficiencies that Baker Hill’s consumer loan origination solution delivers, we believe our team at CapStar will be able to direct more of their focus toward better serving our customers, which is the bank’s top priority,” said Robert LaMendola, Senior Credit Officer of CapStar Bank. “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.”

“CapStar Bank’s decision to leverage Baker Hill’s consumer loan origination solution will drive new efficiencies and capabilities within the lifecycle of its loan relationships,” said John M. Deignan, CEO of Baker Hill. “With the growing presence of marketplace lenders along with rising interest rates, today’s lending environment is increasingly competitive. However, by selecting Baker Hill’s technology, CapStar Bank will be able to expedite and streamline its consumer lending process, resulting in a better banking experience for its customers while boosting the bank’s bottom line.”