Company News

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 »

Portfolio Financial Servicing Company Selected As Backup Servicer for Commercial Fleet Vehicle Lease Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup and Successor Servicer for a long-time originator of commercial fleet car and truck leasing. PFSC has been a leading provider of primary, backup, and successor servicing for commercial and consumer equipment finance transactions since… Read more »

Curt Lysne Elected to ELFA Service Providers Business Council Steering Committee and ELFA Membership Committee

PORTLAND, OR. Curt Lysne, CLP and Vice President of National Sales at Portfolio Financial Servicing Company (“PFSC”), has been elected to serve a two-year term on two Equipment Leasing and Finance Association (“ELFA”) committees: the Service Providers Business Council Steering Committee and the Membership Committee. The Service Providers Business Council Steering Committee is one of… Read more »