Union Bank, based in Vermont and New Hampshire, has partnered with fintech Baker Hill to leverage its NextGen solution for consumer lending and TruStage Compliance Solutions for document preparation. With NextGen, the bank automates the consumer lending process, while TruStage will manage the document preparation process for loans, according to a press release.

NextGen handles submission, decisioning, booking and reporting while TruStage will ensure all forms adhere to regulations. In addition, Union Bank will board loans back to their core processing system through Baker Hill's integration with Lowenstein's LenderLink.

"In early 2023, we deepened our long-standing partnership with Baker Hill and upgraded to Baker Hill NextGen to manage the entire commercial lending process in a single platform. Following the success of this upgrade, we have chosen to move up the digital adoption curve by implementing the company's proven consumer loan origination solution, along with additional integrations, such as TruStage for compliance document prep that will only add to our efficiency gains," Jonathan Gould, SVP of Union Bank, said in the release. "We look forward to our continued partnership with Baker Hill, as they have proven themselves to be a partner who is deeply invested in our bank's success."

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