Osgood Bank Unifies Operations and Powers Post-Merger Growth with Support from Northteq’s Aurora LOS

MINNEAPOLIS, MINNESOTA (October 28, 2024)—Following its recent acquisition of Accord Financial Group, Osgood Funding (Osgood) has streamlined operations, improved efficiency, and strengthened partner alignment in part by implementing Northteq’s Aurora Loan Origination System (LOS). This next-generation solution has empowered Osgood to unify teams and processes, simplify workflows, and establish a solid systems foundation for future expansion.

“With Northteq’s Aurora LOS, we were able to tackle one of the biggest challenges in a merger—bringing different systems and processes together successfully,” said Les Lee, senior director at Osgood Funding. “The platform’s functionality has given us immediate improvements, and its customization options allowed us to tailor processes to our business objectives.”

Aurora LOS enabled Osgood to replace outdated legacy systems with an automated platform that minimizes their team’s manual processes, reducing errors and improving service for both borrowers and vendors. The integration has allowed Osgood to offer a consistent and exceptional experience across all customer touchpoints.

The acquisition of Accord Financial Group marks the beginning of an exciting growth phase for Osgood. Powered by Aurora LOS’s scalable infrastructure, Osgood plans to increase its deal volume over the next year, meeting growing market demands while upholding operational efficiency.

“Being a part of Osgood Funding’s post-merger integration and growth story is truly rewarding,” said Kristian Dolan, chief executive officer at Northteq. “Aurora LOS was built for this kind of transformation—unifying teams and processes into one efficient, adaptable system. We’re proud that Northteq has helped Osgood establish a solid systems foundation, and we look forward to supporting their ongoing growth and success in the equipment finance industry.”

In an industry where mergers and acquisitions drive growth, Northteq’s Aurora LOS excels in supporting smooth transitions and long-term scalability. Osgood Funding’s success story highlights how Aurora’s flexible, all-in-one platform can simplify post-merger integrations, optimize operations, and ensure regulatory compliance—making it easier for lenders to thrive in a competitive market.

About Osgood Funding

Osgood Funding (formerly Accord Financial Group), a subsidiary of Osgood Bank, specializes in delivering tailored equipment financing solutions for the agricultural, construction, and material handling industries. With more than 30 years of expertise, the company is committed to providing fast, flexible, and hassle-free funding options to help businesses secure essential equipment. Osgood Funding’s mission is to deliver exceptional equipment financing, ensuring a seamless and stress-free process with personalized service and expert guidance. Located in Covington, Ohio, the company has facilitated over 20,000 deals and $675 million in funding since 1992.

Visit www.osgoodbank.com, www.osgoodfunding.com or contact (937) 473-5991 for more information.

About Northteq 

Northteq, LLC is a Minneapolis, Minnesota-based fintech company that has empowered over 175 lenders to provide their borrowers, vendors, and employees with automated lending solutions that increase revenue and create better lending decisions. Aurora, Northteq’s flagship product, is an automated, Salesforce-powered loan origination system, vendor, and borrower portal.

Northteq carefully selects partnerships with industry-leading providers in credit, fraud detection, and other essential areas such as Middesk, PayNet, Mastercard Identity, FICO, Equifax, Experian, D&B, TimeValue, LexisNexis, Nintex, Ocrolus, Plaid and more. By choosing the best partners, Northteq offers lenders streamlined turnkey app integrations that allow them to make smarter, automated lending decisions.

Northteq is now primarily owned by Arthur Ventures, a respected Minneapolis-based early growth capital firm known for leading investments in B2B software companies. This partnership positions Northteq for continued growth and innovation. Since 2013, Arthur Ventures has partnered with over 50 companies across the United States and Canada. For more information, please visit northteq.com.

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