Company News

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 »

Portfolio Financial Servicing Company Selected Master Servicer for $50 Million Structured Settlement Facility

PORTLAND, OR.  John Enyart, President of Portfolio Financial Servicing Company (“PFSC”), announced today that PFSC has entered into a definitive agreement to act as Master Servicer for a new $50 million structured settlement facility. PFSC has been a leading provider of structured settlement, lottery and annuity servicing since 2002.  Mr. Enyart commented, “PFSC is pleased… Read more »

Portfolio Financial Servicing Company Announces the Hiring of John Rosenlund, CLP as New Director of Risk Management

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that John Rosenlund, CLP, has joined PFSC as the new Director of Risk Management. In his new position, Mr. Rosenlund will be responsible for early and late stage collections, repossessions, asset remarketing and litigation support services that PFSC provides to its clients. Mr. Rosenlund has a… Read more »

Portfolio Financial Servicing Company Engaged 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 to perform nationwide sales, use and personal property tax return preparation, filing and treasury services for a recently formed equipment leasing division of a bank holding company.  Terms… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer for Merchant Cash Advance Credit 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 for a leading specialty finance company offering merchant cash advance financing to commercial accounts throughout the U.S. Merchant cash advance loans represent a specialty lending niche in which PFSC has servicing… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer for $900M Asset-Backed Note Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement with a captive finance company to act as Backup Servicer for an approximate $900M commercial equipment finance portfolio, comprised primarily of loans secured by new and used medium and heavy duty trucks. Terms of the servicing agreement remain… Read more »

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer 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 for a consortium of commercial banks regarding a commercial equipment finance portfolio. PFSC has been a leading provider of primary, backup, and successor servicing for commercial and consumer equipment finance transactions… Read more »

Portfolio Financial Servicing Company Selected As Primary Servicer for $300M Equipment Finance Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement with a 2009 Monitor 100 Equipment Finance Company to act as Primary Servicer for an approximate $300M commercial equipment finance portfolio. Terms of the servicing agreement remain confidential. In its capacity as primary servicer, PFSC will be responsible… Read more »

Portfolio Financial Servicing Company Announces Sponsorship and Participation at IMN/ELFA 9th Annual Investors’ Conference on Equipment Finance in March 2010

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, has announced that for the third consecutive year, it will sponsor and attend the 9th annual Investor’s Conference on Equipment Finance. The conference will take place at the McGraw Hill Building in New York City… Read more »