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CARMEL, Ind. – Baker Hill, an Experian company, has launched its Portfolio Risk Advisor, a solution that leverages its risk-management platform with Experian data. Portfolio Risk Advisor is an automated loan portfolio monitoring solution that uses internal and external performance and behavioral data to help financial institutions streamline the portfolio management process and mitigate risk, Baker Hill said. Specifically, the solution aims to deliver a broad view of a credit union or bank’s portfolio by integrating internal origination and performance data across the financial institution with external scores and data from Experian, as well as other data sources as required. According to Baker Hill, portfolio monitoring is typically a very manually intensive process. Commonly, all credit accounts regardless of size are handled alike, making the process very time-consuming, expensive and inefficient, the company said. Automating the monitoring of a loan portfolio redirects staff time to focus on accounts that require more analysis while quickly pushing obvious high-performing accounts forward for renewal. Renewals represent roughly 35% of loan application volume, according to Baker Hill. Portfolio Risk Advisor also identifies and flags suspect accounts before they become problems and the same data can be used to identify cross-sell opportunities in the portfolio, Baker Hill said. “In a typical month, as many as 396,000 businesses show outstanding balances that became greater than 60 days delinquent,” said Mark Hill, president of Baker Hill. “It’s an enormous task to monitor a loan portfolio of any size.” Bank of Oklahoma is the first to sign on to Portfolio Risk Advisor and will use it to monitor small business loans of $500,000 or less, it said. The bank offers small-business lending services from 100 branches in six states.

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