Rick Wilbur
Managing Partner
Charter Capital

“PFF Bank & Trust worked with Orion not only to do the billing and collecting of its direct leases, but also assisted PFF with the billing and collecting of leases for a defaulted lessor. Orion's expertise and professionalism was one of the key factors in keeping PFF's losses to a minimum.”

Ron Lear
Former Vice President
PFF Bank & Trust

Orion offers solutions to all types of banks and financial institutions.

Is your bank in need of assitance managing and collecting on your portoflio?  If so, you need a partner who has valuable experience in all phases of the collection process.  Orion First Financial, LLC will assist your bank or financial institution in maximizing your return on collections and workouts.  We deliver MORE dollars.

Proven Collection Process 

Orion provides service at all phases of collections, from past due notices and routine reminder phone calls to workouts on the more serious delinquent accounts.  Collection work-lists are generated daily to ensure accounts are regularly contacted until the account is brought current.  As an account becomes more delinquent, collection efforts and techniques are adjusted accordingly and more senior collectors are utilized.  Collectors are organized into groups and work together on the more difficult accounts to make sure that the best methods are used to resolve the delinquency. 

Orion utilizes a combination of industry leading technology coupled with its own propetary systems to mange the collection process.  Collectors receive real time contract data including deliqunecy status, payment history and extensive notes on the account.  Contracts are grouped by severity and given status codes to help assure that timely and appropriate measures are taken when dealing with the obligor.  The reposession, remarketing and legal processes are managed using our propietary system, CMARS^TM.  These systems give Orion the advantage of being timely as well as to have current information at our fingertips and that coupled with our vast experience allows us to make appropriate decisions at the appropriate time.


Is your bank entering or already in the commercial equipment leasing marketplace?  If so, you need a partner who has valuable experience in this specialized lending area.  Orion First Financial, LLC will assist your bank or financial institution in creating and maintaining a successful and profitable revenue center.  We deliver MORE dollars.

Increase Assets

More and more banks are finding that a profitable method to deploy their assets is to fund the growing demand for commercial equipment leases.  More companies, particularly small companies, acquire new productive equipment through leases than through loans.  According to the Equipment Leasing Association, of the $697 billion spent by American businesses on productive assets in 2001, $216 billion, or 31 percent, was acquired through leasing.  Banks funded 38% of this volume.  The challenge facing many banks today is simply devising and executing a strategy that capitalizes on this growth opportunity.

Orion will work with your bank in breaking down the barriers to this growing market by offering:

• Access to lessors and originators that originate a flow of leases that can be funded by your bank.
• Access to existing portfolios being offered for sale with complete risk analysis.
• Expertise in administration, servicing and collections and workouts.

Control Risk

Making the right credit decisions, documenting transactions correctly and managing the collection process all lead to reduced risk and positive results.  Orion can provide the expertise to help make your efforts successful.

Orion will work with your credit and risk management people to customize a credit policy that meets your bank's risk profile.

• Orion will establish funding and documentation procedures to ensure compliance with your policies.
• Orion has expertise in managing portfolios and we know how to effectively manage risk.  Our collection protocols are focused on reducing delinquency and mitigating losses throughout the collection spectrum.
• Orion provides standby or backup servicing should primary servicing need to be transferred.

Improve Yields

By providing access to the leasing market, Orion can help your bank realize higher yields (than most other commercial lending products) as well as significant ancillary fee income.

• Leases are typically non-cancelable which gives the lessor a profit even if the lease is paid off prior to termination.
• Late charges of 10% of the payment are common and Orion's collection capabilities will help you take advantage of this significant source of revenue.