Company News

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Consumer Debt Consolidation Loan Portfolio

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 an originator of nationwide consumer debt consolidation loans. PFSC has acted as backup servicer for this client for several years, and was engaged by one of the client’s whole-loan purchasers… Read more »

Portfolio Financial Servicing Company Announces Participation at SFIG/ABS West Conference

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, has announced that it will be attending the 2016 SFIG/ABS West conference, which will take place at the Aria Resort and Casino in Las Vegas from February 28th through March 2nd, 2016. Several PFSC employees… Read more »

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Consumer Installment 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 installment loan portfolio comprised of unsecured installment loans sourced to borrowers across the U.S. Terms of the Backup and Successor Servicing Agreement remain confidential. Commenting on this new… Read more »

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Commercial Lease Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement with a Canadian commercial leasing company to act as Backup and Successor Servicer for an approximate $75M commercial lease portfolio, comprised primarily of middle market leases. Terms of the agreement remain confidential. PFSC has been a leading provider… Read more »

Portfolio Financial Servicing Company Announces Successful Completion of its 2015 SOC I Type II 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 2015 SOC 1 Type II (SSAE 16) audit. Also known as a “Type II Service Auditor’s Report” or “Independent Service Auditor’s Report on Description of a Service Organization’s… Read more »

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

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 commercial equipment lease and loan portfolio under the terms of a new warehouse credit facility. PFSC has provided ongoing services to the originator for… Read more »

Institutional Purchaser Engages Portfolio Financial Servicing Company As Backup Servicer And Verification Agent

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup Servicer and Verification Agent for an institutional purchaser of consumer installment loans originated and serviced by an on-line marketplace lender. Terms of the agreement remain confidential. This transaction represents PFSC’s first engagement with this… Read more »

Portfolio Financial Servicing Company Appointed Backup Servicer for Commercial Lease Portfolio

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 small ticket commercial lease portfolio. Terms of the agreement remain confidential. PFSC has provided tax administration, backup servicing, and document custodial services to the originator since 2004. Upon the… Read more »

On-Line Consumer Lender Selects Portfolio Financial Servicing Company As Backup Servicer for Installment Loan Portfolio

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 consumer installment loan portfolio originated by a well-established on-line lender. PFSC has performed servicing and backup servicing for consumer loans and leases since its inception in 1992. This new… Read more »

Portfolio Financial Servicing Company Appointed Servicer and Verification Agent for Structured Settlement Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has executed a servicing agreement to act as Servicer and Verification Agent on behalf of an established structured settlement purchaser. One of PFSC’s many core competencies is servicing and backup servicing of structured settlement portfolios. PFSC works with the majority of the largest and… Read more »