Company News

Portfolio Financial Servicing Company Engaged to Service Consumer Powersports Loan Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive multi-year agreement with an originator of consumer powersports loans to act as primary servicer for a nationwide consumer loan portfolio. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart, President of PFSC, stated, “Our… Read more »

Portfolio Financial Servicing Company Announces Sponsorship and Participation at National Association of Settlement Purchasers Annual Conference

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and structured settlement contracts, has announced that for the eighth consecutive year, it will sponsor and attend the National Association of Settlement Purchasers (“NASP”) annual conference. This year’s conference will take place at The Ritz Carlton in New… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer for Commercial Equipment Lease Term Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup Servicer for a $250 million commercial equipment lease term securitization. PFSC has provided periodic services to the issuer for approximately a decade, and this transaction represents the issuer’s third rated securitization in which PFSC… Read more »

Portfolio Financial Servicing Company Appointed Verification Agent for Residential Rehabilitation Loan Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Verification Agent under the terms of a Verification Agent Agreement on behalf of a lender to residential real estate rehabilitators and its capital provider. Terms of the Verification Agent Agreement remain confidential. In accordance with the Verification Agent Agreement, PFSC will… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer for Small Business 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 leading small business lender who has obtained a new warehouse credit facility. While PFSC has worked with the warehouse provider for many years, this is PFSC’s initial engagement with… Read more »

Portfolio Financial Servicing Company Selected As Backup Servicer and Verification Agent for Structured Settlement Debt 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 structured settlement debt facility. For over fifteen years, PFSC has been a leading provider of primary, backup, and successor servicing for structured settlement, lottery, and annuity contracts. John Enyart,… Read more »

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

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup Servicer as well as Document Custodian for a $180 million commercial equipment loan term securitization. Terms of the Agreements remain confidential. PFSC has been a leading provider of primary, backup, and successor servicing for… Read more »

Portfolio Financial Servicing Company Appointed Backup Servicer for Small Business Loan Securitization 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 securitized pool of small business loans. PFSC has worked with the issuer for the past five years, leading to PFSC’s appointment as Backup Servicer under the issuer’s second rated… Read more »

Portfolio Financial Servicing Company Appointed Subservicer for $780M 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 $780M 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 and Successor Servicer for Consumer Solar Loan 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 consumer solar loan portfolio comprised of loans to consumers for the purchase and installation of rooftop solar panels. Terms of the Backup and Successor Servicing Agreement remain confidential. Commenting… Read more »