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Orion First Surpasses $1 Billion in Assets Under Management

September 26, 2018, 07:20 AM
Filed Under: Industry News

Orion First announced it has surpassed $1 billion in assets under management. The assets under management consist of small business commercial loans and leases for which Orion provides all the back-office portfolio management and servicing duties on behalf of its clients. This is a significant long-term goal achieved by Orion First, which has been in the commercial loan, lease and contract management space since 2001.

“We are proud to celebrate this milestone because Orion has worked hard for our position in the industry and we are honored by the level of trust our clients place in us,” said David T. Schaefer, Co-Founder and Chief Executive Officer of Orion First. “Passing $1 billion under management is a true testament to the strength of our team and demonstrates the value we strive to deliver. Be it by providing transparency through our client portal, by improving risk assessment through our proprietary scoring tool, SAIPH, or by offering unmatched portfolio management services, Orion will continue to lead the small business lending industry in risk management.”

Orion First, based in Gig Harbor, WA, is a full-service commercial loan and lease portfolio servicer which provides a suite of services and products to manage the complete life cycle of a borrower. Orion has built a servicing platform that includes systems to support lease and loan accounting, credit application processing, scoring and decisioning products, and collection management.

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