Experian and MainStreet Technologies to comarket loan-management products
Combined offering provides banks greater confidence for loan management and loan-pricing calculations
Costa Mesa, Calif., Nov. 13, 2014 — Experian® has announced a new comarketing agreement for MainStreet Technologies’ (MST) Loan Loss Analyzer product with Experian Decision Analytics’ Baker Hill Advisor® product to provide the banking industry with a comprehensive, automated loan-management offering.
Experian’s Baker Hill Advisor platform supports banks’ commercial and small-business loan operations comprehensively, from procuring new loans through collections. MST’s Loan Loss Analyzer streamlines the estimation and documentation of the Allowance for Loan and Lease Losses (ALLL), the bank’s most critical quarterly calculation.
The MST platform automates the most acute processes required of community bankers in managing their commercial and small-business loan portfolios. Both systems are data-driven, configurable and designed to accommodate existing bank processes. The products already effectively work together for community banks of varying asset sizes, adding efficiencies and accuracy while addressing today’s increasingly complex regulatory requirements.
“Experian’s Baker Hill Advisor product-development priorities have always been driven by our user community. Changes in regulatory and accounting requirements have our clients looking for a sophisticated ALLL system. Working with MainStreet, we can refer our clients to an industry-leading ALLL platform,” said John Watts, Experian Decision Analytics director of product management. “The sharing of data between our organizations creates an environment where strategic ALLL calculations are more robust and tactical lending decisions can be made with more confidence. It provides clients a complete service at every point within the organization.”
“Bankers, including many using our Loan Loss Analyzer, have used Experian’s Baker Hill® software to manage their commercial loan programs for more than three decades,” said Dalton T. Sirmans, CEO and MST president. “Bankers who choose to implement Experian’s Baker Hill Advisor and the MST Loan Loss Analyzer will be automating their loan management, tracking, reporting and documentation in the most comprehensive, user-friendly and feature-rich manner available.”
For more information on MainStreet Technologies, please visit http://www.mainstreet-tech.com/banking
For more information on Baker Hill, visit http://ex.pn/BakerHill
Contact:
Matt Tatham
Experian Public Relations
1 212 380 2939
matt.tatham@experian.com
About MainStreet Technologies
MainStreet Technologies (MST), based in Atlanta, Ga., provides financial institutions throughout the US and China with software solutions used for analysis and mitigation of loan portfolio risk. Areas of focus include the Allowance for Loan & Lease Loss, Loss Migration, Problem Loan Reporting, Post Closing, Documentation Perfection and related issues. MST solutions are configured for each individual institution, integrate with core systems, deliver greater adherence to policy, and exponentially improve efficiencies - all of which positively impacts profitability.
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2014, was US$4.8 billion. Experian employs approximately 16,000 people in 39 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.