Orion First Surpasses $3B in Assets Under Management

Orion First, a commercial loan and lease portfolio servicer, has surpassed $3 billion in assets under management since its founding in 2001. This milestone comes after the company reached its previous benchmark of $2 billion in 2020.

Orion First’s assets under management consist of small business commercial loans and leases for which the company provides servicing, portfolio management, collection and backup servicing duties for clients ranging from federally regulated banks to captive and independent finance companies.

“We are seeing the benefits of substantial investments in technology, people and processes. We are able to adapt and grow with our clients, who are among the fastest growing in the industry,” Quentin Cote, executive vice president of Orion First, said. “We’re proud to partner with these successful companies and believe Orion’s growth is a key part of that success.”

Orion First only services commercial portfolios and is mostly a primary servicer, with backup servicing making up fewer than 13% of total contracts under management.

“There’s a transformation in the way borrowers expect to interact with their lenders,” Cote said. “They want to interact on their own terms. Orion has developed an industry-leading borrower portal to empower the borrower. Additionally, data and analytics are playing a critical role in portfolio performance — what was once the art of lending is now the science of lending, and that’s where we’ve been investing. Our clients are able to make portfolio optimization decisions with increasing speed and confidence.”

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