Category: Company News

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 »

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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 »

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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 »

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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 »

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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 »

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