Join Baker Hill & Rally Credit Union at America’s Lending Conference
Prepare to gain valuable insights at the upcoming session titled "To LOS or Not to LOS, That is the Question," presented by Baker Hill and Rally Credit Union. This engaging presentation is set to take place during America’s Credit Unions’ Lending Council Conference. It promises to leave attendees better equipped to tackle the complexities of loan origination systems (LOS).
Understanding Loan Origination Systems
Credit unions have a vital mission to expand their member business lending portfolios, yet a pivotal question looms over them: should they invest in a loan origination system? The session aims to unravel this question with expertise drawn from the experiences of Baker Hill and Rally Credit Union.
Mike Horrocks, Senior Vice President of Product Marketing & Strategy at Baker Hill, and Kate Montagna, Senior Business Relationship Manager at Rally Credit Union, will delve into how a robust LOS can streamline and enhance lending operations. This direct insight is particularly beneficial considering the rapid growth experienced by many credit unions.
Rally Credit Union's Transformative Experience
In the session, Rally Credit Union will share its own journey toward improved lending processes. As the largest credit union in South Texas, serving over 220,000 members, Rally CU faced the challenge of accommodating an ambitious growth target of 15%. The existing procedures were insufficient to support such an expansive goal. Through collaboration with Baker Hill, Rally CU discovered innovative strategies that significantly improved both operational efficiency and member experiences.
"Investing in an LOS is more than just an operational decision; it is a strategic choice that can propel a credit union's growth," says Horrocks. His insight reflects the shared sentiment that credit unions must adapt in today’s fast-paced environment to remain relevant and successful.
The Role of the Lending Council Conference
The Lending Council Conference, an annual gathering of industry leaders, presents a unique opportunity to explore emerging trends and effective strategies in credit union lending. Scheduled for early November, this year’s conference will be hosted at the prestigious Gaylord Opryland Resort & Convention Center in Nashville, TN. It is a must-attend event for those in the industry looking to network and learn from one another.
About Baker Hill
Baker Hill stands at the forefront of transforming loan origination by merging cutting-edge technology with extensive banking experience. Their flagship platform, Baker Hill NextGen, offers a configurable, single-platform SaaS solution designed for commercial, consumer loan origination, and risk management tailored to adapt to clients’ evolving business needs.
About Rally Credit Union
Dedicated to serving their members, Rally Credit Union equips individuals with tools to reach their financial goals efficiently. With a membership that spans across South Texas and the Rio Grande Valley, Rally CU offers various high-interest savings accounts, auto and home loans, all while providing exceptional support to their members.
Frequently Asked Questions
What is the focus of the session "To LOS or Not to LOS"?
This session will discuss the considerations credit unions must make when deciding whether to invest in a loan origination system and share best practices for implementing it.
Who will be presenting at the conference?
Mike Horrocks from Baker Hill and Kate Montagna from Rally Credit Union will co-present the session.
When and where will the Lending Council Conference take place?
The conference will occur from November 3-6 at the Gaylord Opryland Resort & Convention Center in Nashville, TN.
Why is investing in an LOS significant for credit unions?
Investing in an LOS can facilitate better efficiency, support growth, and enhance user experience for both credit unions and their members.
How can I learn more or register for the conference?
For detailed information on the conference and registration, check the official website of America’s Credit Unions.
