Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance, and smart data analytics, announced that New Valley Bank & Trust has selected Baker Hill NextGen® for Commercial and Small Business Lending to help the bank develop efficiencies in the lending process and modernize the borrower experience.

As the Pioneer Valley’s next innovative endeavor, New Valley Bank & Trust is championed by a diverse group of results-driven founders, investors and professionals capitalizing on the economic momentum of the region. The bank’s best-in-class product suites are thoughtfully designed to elevate the financial prosperity of its customers, with personalized services for the way they live and do business. Its robust digital platform is coupled with local decision-makers capable of moving in real-time to keep pace with a business community that is vibrant and growing. Currently in the process of completing its funding rounds, the bank plans to open its first branch in 2019. Given Baker Hill’s longstanding success in lending technology and advisory services, the bank selected Baker Hill NextGen® for its Commercial and Small Business loan origination software to support this new endeavor. 

With Baker Hill NextGen®, New Valley Bank & Trust will be able to originate commercial and small business loans and manage risk all within a single platform. The solution’s intuitive, mobile-responsive architecture, fluid workflows and robust decision engine will help the bank boost productivity by seamlessly integrating into the bank’s existing core solution and reducing duplicate data entry. Baker Hill NextGen® offers an extensive variety of formats and platforms that will allow new features to be implemented in order to grow with New Valley Bank & Trust as it expands.

“As a new institution, we are committed to embracing innovations that prioritize responsiveness and drive opportunity for our customers, especially for those digitally-driven,” said Jeff Sullivan, CEO and President of New Valley Bank & Trust. “To stay true to that commitment, we chose to partner with Baker Hill because of their proven experience and history in commercial lending. This, coupled with their leading-edge technology, will enable us to deliver the lending products our community needs and desires. We look forward to working with them to support growth now and in the future.”

“Baker Hill’s best-in-class solutions combined with our deep understanding of the industry and the modern demands of end users will support New Valley Bank & Trust to achieve efficiencies in its lending process to best serve its community and customers,” said John M. Deignan, President and CEO of Baker Hill. “Baker Hill NextGen® empowers financial institutions to maximize their growth and profitability potential, which will be critical as the bank grows. Their market will benefit from another great community financial institution to respond to the needs of its region, and we’re pleased to help support them in doing so.”