Poor risk management is creating lender exposure issues: RJ Grimshaw of Orion First

Poor risk management is creating lender exposure issues: RJ Grimshaw of Orion First

Equipment financiers face exposure issues in key segments as pandemic-era risk management decisions continue to become portfolio problems.

While the pandemic-era supply shortages drove up used-equipment values, units financed at those higher values now represent delinquency and risk management issues, RJ Grimshaw, chief revenue officer at Orion First and former president and chief executive at UniFi Equipment Finance tells Equipment Finance News on this episode of “The Dig” podcast.

“Everyone’s portfolio performance over the last, [lets] call it five to seven years has been spectacular; better than historical average,” Grimshaw says. “Everyone was just focused on the origination aspect and how much capital can we deploy at a pace because that’s where it’s at.

But, he says, “They took their eye off the portfolio management aspects and risk mitigation part of the business, and, suddenly, they started exposing these issues because they weren’t focused on that.”

Grimshaw had a 27-year career in the equipment finance industry, including a decade at Unifi before joining Seattle-based Orion First in July, a full-service commercial loan and lease portfolio servicer.

Tune in to hear more about equipment finance people management, portfolio management, and risk management in the first episode of “The Dig,” formerly known as “Equipment Connect.”

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(19)

Pinnacle plans equipment finance growth following Synovus merger

Pinnacle plans equipment finance growth following Synovus merger

On the heels of its $8.6 billion merger with fellow financier Synovus, Pinnacle Financial Partners plans to boost its equipment finance business with new markets, customers and operational opportuniti...

17 Mar 20min

Pathward VP of Commercial Finance Rick Pierman on extending financing terms

Pathward VP of Commercial Finance Rick Pierman on extending financing terms

Equipment finance borrowers are aiming to extend their financing terms as higher interest rates, inflation and tariffs drive up costs. Borrowers are looking to meet cash flow requirements by extending...

12 Feb 19min

Specialty finance market seeing cyclical correction w/ 1st Source Andrea Short

Specialty finance market seeing cyclical correction w/ 1st Source Andrea Short

The specialty finance market is experiencing a correction as different credit cycles normalize after a year of uncertainty.  Specialty finance business lines follow different credit cycles based on se...

20 Nov 202527min

Cost controls, customer service key to long-term financing success with 1st Source CEO Murphy III

Cost controls, customer service key to long-term financing success with 1st Source CEO Murphy III

Long-term commercial and equipment financing success depends on rigorous cost control, outstanding client service, organic growth, and strong capital reserves, as the industry continues to evolve.Succ...

5 Sep 202515min

Human, technology balance key as next generation of lenders arise with 1st Source's Christopher Murphy III

Human, technology balance key as next generation of lenders arise with 1st Source's Christopher Murphy III

As digitalization and AI reshape the equipment finance industry, it remains essential for lenders to preserve and share the expertise built over years of experience. While digitalization speeds up pro...

29 Aug 202514min

4 keys for navigating current market conditions with Mitsubishi HC Capital America’s Mann

4 keys for navigating current market conditions with Mitsubishi HC Capital America’s Mann

Flexible financing partnerships between dealers, lenders and OEMs; customized financing solutions; investing in scalable integrated technologies; and customer education are keys to navigating current ...

7 Jul 202523min

Develop an Amazon-like approach in equipment attachments: Discussion with Ignite Attachments' Trisha Pearson

Develop an Amazon-like approach in equipment attachments: Discussion with Ignite Attachments' Trisha Pearson

Podcast: Ignite Attachments targeting Amazon-like model for attachments Listen as ‘The Dig’ speaks with OEM’s Trisha Pearson Category: Material handling As equipment dealers and lenders expand their p...

20 Jun 202521min

Agriculture equipment leasing nears 40% for industry: Discussion with Massey Ferguson’s Whorton

Agriculture equipment leasing nears 40% for industry: Discussion with Massey Ferguson’s Whorton

Increased farm income pressures have led to increased demand for farm equipment leasing as farmers and OEMs look to find a balance in the market. Farmers continue to navigate farm income pressures cau...

12 Mai 202524min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
popradet
aftenpodden-usa
stopp-verden
bt-dokumentar-2
det-store-bildet
rss-gukild-johaug
dine-penger-pengeradet
nokon-ma-ga
hanna-de-heldige
fotballpodden-2
rss-espen-lee-usensurert
rss-ness
rss-penger-polser-og-politikk
e24-podden
aftenbla-bla
frokostshowet-pa-p5
ta-dokumentar