Orion First Financial
Orion First Financial provided credit administration, loan and lease servicing, contingent collection, and strategic advisory services to equipment finance companies and specialty finance originators, and is now fully integrated into Concord Servicing's $60B+ AUA platform.
- Company typePrivate
- Founded2003
- HeadquartersGig Harbor, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Orion First Financial does
Orion First Financial was a privately held credit administration provider founded in 2001 and headquartered in Gig Harbor, Washington, specializing in underwriting, loan and lease account servicing, contingent collection, and strategic advisory services for the specialty finance industry. The company served equipment finance companies, specialty finance originators, and adjacent verticals including solar, home improvement, and vacation ownership, with operational depth in sub-servicing, primary servicing, account management, collections, payment processing, compliance management, and investor reporting. Its proprietary sub-servicing platform enabled portfolio continuity during ownership transitions, exemplified by its role supporting North Mill Equipment Finance's $502 million acquisition of Midland States Bancorp's equipment finance portfolio in late 2025.
The firm operated as a B2B credit administrator with an enterprise field-sales go-to-market, engaging directly with equipment finance firms and specialty finance originators requiring servicing infrastructure. Revenue was generated primarily through managed-services credit administration fees tied to serviced asset volumes. The company maintained a headcount of 51–100 employees and did not publicly disclose pricing or revenue figures. Its customer base skewed toward large enterprise sub-servicing engagements, creating material client concentration relative to its size.
In June 2025, Orion First was acquired by Concord Servicing, a GTCR-backed credit administration platform, combining into a single entity that administered over $35 billion in assets at closing. Concord completed full integration in February 2026, rebranding the combined organization under the Concord name and disclosing $60 billion+ in assets under administration, 5 million+ serviced accounts, and $12 billion+ in backup servicing across consumer and commercial specialty finance verticals. Post-integration, Orion First ceased to operate as an independent brand and its capabilities now form part of Concord's end-to-end credit administration platform.
Orion First Financial firmographics
Firmographics- Name
- Orion First Financial
- Legal name
- Orion First Financial
- Website
- https://orionfirst.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Orion First Financial provided credit administration, loan and lease servicing, contingent collection, and strategic advisory services to equipment finance companies and specialty finance originators, and is now fully integrated into Concord Servicing's $60B+ AUA platform.
- Ownership category
- akta.pro rank
Orion First Financial industry classification
Industry- Product category
- Credit Administration Services
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Commercial Mortgage Servicing & Asset Management (Master/Special) (FSALADAJ)
Keywords
Where Orion First Financial is headquartered
LocationHeadquarters
- HQ city
- Gig Harbor
- HQ country
- United States
- HQ region
- North America
Markets served
Orion First Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Credit Administration and Servicing: Orion First Financial generated revenue through credit administration and loan servicing fees in the specialty finance sector, providing services to equipment finance companies and other specialty finance originators.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Orion First Financial product offering
Product offeringCore offering
Orion First Financial provided credit administration, loan and lease account servicing, contingent collection, and strategic advisory services to finance industry clients. The firm specialized in equipment finance, solar, home improvement, and vacation ownership portfolios, offering both primary servicing and sub-servicing capabilities for specialty finance originators and investors.
Product overview
Orion First Financial operated as a credit administration and servicing provider for specialty finance markets. As of the provided data, Orion First has been fully acquired by Concord Servicing (July 2025) and integrated into Concord's unified platform (February 2026). The combined entity now operates exclusively under the Concord name, offering end-to-end credit administration services across consumer and commercial specialty finance segments including solar, home improvement, vacation ownership, and equipment finance.
Differentiator
Problem solved
Functional benefit
Products and services
- Credit Administration and Loan Servicing End-to-end credit administration and loan/lease account servicing for specialty finance originators and investors, covering the full lifecycle from origination handoff through payoff or recovery.
- Sub-Servicing for Equipment Finance Portfolios Sub-servicing capabilities for equipment finance portfolios, maintaining borrower continuity and customer service during portfolio transfers and acquisitions.
- Underwriting Services Underwriting services offered to the finance industry as part of Orion First Financial's credit administration portfolio.
- Contingent Collection Services Contingent collection services for finance industry clients, covering recovery activities across specialty finance portfolios.
- Strategic Advisory Services Strategic advisory services provided to finance industry clients to support specialty credit administration strategy and operations.
Quantifiable outcome
- Seamless sub-servicing transition for NMEF's $502 million Midland portfolio acquisition
Companies that use Orion First Financial
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Orion First Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Orion First Financial partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- North Mill Equipment FinancecoreNMEF utilized Orion First for sub-servicing certain portfolio aspects following its $502 million acquisition of Midland States Bancorp's equipment finance portfolio. This arrangement ensured customer continuity during the portfolio transition.
Scale indicators2 records
Recent moves4 records
Expansion highlights4 records
Orion First Financial competitors and assessment
Company assessmentDirect peers
- BSI Financial Services: Specialty servicer offering loan servicing, default management, and REO disposition — directly comparable as a portfolio administration provider serving non-bank and specialty finance clients.
- Dovenmuehle Mortgage: Specialty mortgage subservicer focused on portfolio administration for community banks, credit unions, and investors — a direct peer in the third-party subservicing model serving portfolio transitions and ongoing administration.
- Weltman, Weinberg & Reis: National creditors' rights and default services firm providing collections, bankruptcy, and recovery services to lenders — directly comparable as a collections and recovery partner for specialty finance portfolios.
Broad incumbents
- Genpact: Global professional services and BPO firm with a large financial services practice including loan servicing, collections, and credit administration for banks and specialty finance — comparable as a scaled third-party servicer serving regulated asset classes.
- FIS (Fidelity National Information Services): Large financial technology provider with loan servicing and credit administration software platforms serving banks, specialty lenders, and capital markets — comparable as a broad incumbent in servicing technology and operations.
- SS&C Technologies: Financial services software and outsourcing provider with significant loan servicing, fund administration, and capital markets capabilities — comparable in servicing breadth and investor reporting for structured finance assets.
- Jack Henry & Associates: Core banking and lending technology provider serving community and regional banks, including loan servicing platforms — comparable as a broad incumbent in credit administration infrastructure for depository and non-depository lenders.
- ICE Mortgage Technology (Black Knight): Dominant mortgage servicing technology and outsourced servicing platform — comparable in the underlying loan administration function, though more concentrated in residential mortgage than specialty finance.
- Mr. Cooper: Large-scale mortgage servicer with subservicing capabilities — comparable in the third-party servicing business model, though mortgage-focused rather than specialty finance.
- Ocwen Financial: Specialty mortgage servicer offering subservicing and default administration — comparable as a third-party servicer for structured portfolios, with overlapping operational and compliance demands.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Orion First Financial social profiles
Digital presenceOrion First Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Orion First Financial leadership team
Management profileNumber of profiles
Profiles1 record
Orion First Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Orion First Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Orion First Financial
What does Orion First Financial do?
Orion First Financial provided credit administration, loan and lease account servicing, contingent collection, and strategic advisory services to finance industry clients. The firm specialized in equipment finance, solar, home improvement, and vacation ownership portfolios, offering both primary servicing and sub-servicing capabilities for specialty finance originators and investors.
Is Orion First Financial a public or private company?
Orion First Financial is a private company. It is classified as corporate owned and is currently acquired.
When was Orion First Financial founded?
Orion First Financial was founded in 2003. It employs 51 to 100 people.
Where is Orion First Financial based?
Orion First Financial is headquartered in Gig Harbor, United States, in the North America region.
How does Orion First Financial make money?
One revenue line is on record: credit Administration and Servicing.
Who are Orion First Financial's main competitors?
Direct peers on record are BSI Financial Services, Dovenmuehle Mortgage and Weltman, Weinberg & Reis. Broad incumbents are Genpact, FIS (Fidelity National Information Services), SS&C Technologies, Jack Henry & Associates, ICE Mortgage Technology (Black Knight), Mr. Cooper and Ocwen Financial.
Does Orion First Financial have an API?
No public API is recorded for Orion First Financial.
What industry is Orion First Financial in?
Orion First Financial's product category is Credit Administration Services. Its primary akta.pro industry code is FSALADAJ, Commercial Mortgage Servicing & Asset Management (Master/Special). Its NAICS code is 522 and its SIC code is 8700.