Company News

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer For Commercial Truck Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has been engaged to provide backup servicing and, if appointed, successor servicing duties, for a commercial transportation portfolio comprised of Class 8 trucks. The portfolio includes a combination of commercial leases and loans. PFSC’s client, a west coast based finance company, continues to expand… Read more »

Portfolio Financial Servicing Company Selected As Servicer By Bank-Owned Equipment Finance Company

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement with an originator and purchaser of commercial equipment lease and loan transactions to act as Primary Servicer for a U.S.-based commercial equipment finance portfolio. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart,… Read more »

Portfolio Financial Servicing Company Appointed Subservicer for $700M Asset-Backed Note Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement to act as Subservicer for an approximate $700M asset backed note securitization, comprised of commercial equipment leases and loans. In its capacity as subservicer, PFSC will be responsible for substantially all servicing functions, including invoicing and ACH processing,… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer and Custodian for Warehouse Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup and Successor Servicer as well as Document Custodian with regard to a sizable new warehouse credit facility for an originator of commercial equipment loan transactions. PFSC has provided services to both the issuer and… Read more »

Portfolio Financial Servicing Company Appointed Custodian for Commercial Loan Portfolio

PORTLAND, OR.  Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, announced today that it has been appointed as the custodian for a commercial loan portfolio.  Terms of the agreement remain confidential. Under the agreement, PFSC will provide its client, and the client’s capital provider, with… Read more »

Portfolio Financial Servicing Company Appointed Servicer for Lottery Prize Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, announced today that it has been appointed as the servicer for a new lottery prize receivable purchase facility. Terms of the agreement remain confidential. Under the agreement, PFSC will provide its client with comprehensive portfolio… Read more »

Portfolio Financial Servicing Company Engaged by Nationwide Equipment Lessor to Provide Multi-State Sales, Use and Personal Property Tax Services

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, announced today that it has been engaged by a nationwide equipment lessor to perform multi-state sales, use and personal property tax return preparation, filing and treasury services for a sizable and nationwide equipment lease portfolio…. Read more »

Portfolio Financial Servicing Company Announces Successful Completion of its 2010 SAS 70 Audit

PORTLAND, OR.  Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, has announced the successful completion of its 2010 SAS (Statement on Auditing Standards) 70 Type II audit. Statement on Auditing Standards 70 (“SAS 70”) is an internationally recognized auditing standard developed by the American Institute… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer and Custodian for Commercial Equipment Loan Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup and Successor Servicer as well as Document Custodian for a well-known originator of commercial equipment loan transactions. PFSC has provided ongoing services to the originator for almost a decade. PFSC has been a leading… Read more »

Portfolio Financial Servicing Company Selected Successor Servicer and Custodian for Pool of Land Lease Contracts

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has been appointed by a leading U.S. financial institution as Successor Servicer and Document Custodian for a nationwide pool of land lease contracts. Terms of the agreement have not been released. The project to move and convert portfolio data and documentation from the prior… Read more »