Bank / Credit Union

Union Bank upgrades to Baker Hill NextGen for loan origination, portfolio monitoring

March 1, 2023

Union Bank, a subsidiary of Union Bankshares Inc. based in Vermont, has expanded its partnership with Baker Hill, a financial technology company, to upgrade to Baker Hill NextGen, which provides loan origination and portfolio monitoring. With the platform, the bank will offer optimized credit approval processes to grow customer relationships and manage referrals, according to a press release.

Union Bank will also integrate Baker Hill's NextGen Client Portal to allow customer to track their loan application process to closing.

"For decades, Union Bank has been dedicated to providing a seamless experience for our commercial borrowers," Jonathan Gould, SVP of Union Bank, said in the release. "From the start, our relationship with Baker Hill has proven to be valuable, which is why we've chosen to migrate to the Baker Hill NextGen suite to further streamline our lending processes and create an exceptional experience for our commercial borrowers. We are excited to take our partnership to the next level and to leverage the full capabilities of the solution."