Navigant Credit Union partners Baker Hill to boost commercial loan operations
Rhode Island, US-based Navigant Credit Union has tapped loan origination fintech Baker Hill for its Commercial Lending solution.
Navigant taps Baker Hill for its Commercial Lending solution
Through the new partnership, Navigant will utilise Baker Hill’s flagship offering to streamline its loan origination and underwriting processes, enabling quicker loan decision response times.
The lending solution is able to integrate directly within Navigant’s Fiserv DNA core, which Baker Hill says will allow the credit union to “leverage data in multiple instances, instead of being burdened with redundant data entry”.
The vendor adds its tech will enable Navigant to fulfil all its commercial loan origination needs through a single integrated platform, eliminating the reliance on “multiple, fragmented systems that often required team members to rekey existing data, track down documents and more”.
Founded in 1915, Navigant is Rhode Island’s largest credit union with over $3.7 billion in assets and serving 154,000 members across 26 physical branches.
Indiana-based Baker Hill was acquired last year by US private equity firm Flexpoint Ford for an undisclosed amount.
