Gig Harbor, WA September 26, 2018: Orion First announced today that 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, who 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.”
ABOUT ORION FIRST:
Orion First is the leading 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.
Orion First is committed to serving those who fund small business by protecting their investments and portfolios from initial engagement to payoff. Orion is, to its core, a manager of risk in the small business lending marketplace. Our goal is to empower clients by taking care of the details so that they can focus their entrepreneurial energy on their largest value– funding small business.