ORION TO PROVIDE SERVICING TO ENDURANCE LENDING NETWORK CONTRACTSFebruary 5, 2013
CONTINGENT COLLECTIONS – BOWLED OVER AND FLOOREDApril 8, 2013
GIG HARBOR, WASH., [2/19/13], – Orion First Financial, LLC has begun servicing contracts for Pacific Capital Companies, a small ticket equipment finance company headquartered in Santa Monica, CA. Orion will provide credit underwriting, billing, cash management, front end collections and special assets services, as well as, sales/use and personal property tax services of equipment lease and loan contracts.
Pacific Capital Companies plans for aggressive growth in the small ticket equipment industry in 2013. Current plans for expansion include the hiring of approximately 50 loan originators with annual originations expected to be in the $80-$100 million range. Through the vetting process, Pacific Capital found Orion’s quality and scope of services best aligned with their particular needs.
“Pacific Cap Co is very pleased to partner with Orion First Financial for complete servicing of our small ticket portfolio. Their industry knowledge, proven ability to execute, and overall professionalism is exactly what we hoped to find in a servicer. With our aggressive 2013 ramp plan, we need a highly qualified partner who can sprint alongside the growth of the business with us,” said Charles Anderson, Managing Partner of Pacific Capital.
“We are thrilled to provide such a range of services for our friends at Pacific Capital. Our shared vision for sustained growth and commitment to impeccable service dovetail seamlessly. I’m very excited to share the news of Orion’s relationship with Pacific Capital. It’s a very promising start to the new year,” said Shannon Green, President of Orion First Financial.
Orion First Financial, located in Gig Harbor, WA, is an independent servicer for the equipment finance industry. Orion specializes in underwriting, lease servicing, special assets services and strategic advisory within the equipment finance industry. As a multifaceted and innovative equipment finance company, Orion can effectively engage with Leasing Companies, Equipment Dealers & Manufacturers, Banks and Financial Institutions. Orion’s skilled team, efficient technology platform and best practices approach, generate exceptional industry performance metrics that translate into better profits, less stress and enriched customer relationships for their clients.