Company News

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 specialty finance company to act as Backup and Successor Servicer for an approximate $150M commercial lease portfolio, comprised primarily of structured middle market leases. Terms of the agreement remain confidential. PFSC has been a leading provider… Read more »

Portfolio Financial Servicing Company Appointed Verification Agent and Title Custodian for Commercial Fleet Vehicle Title Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Verification Agent and Title Custodian under the terms of a Vehicle Title Custodial Agreement on behalf of a commercial fleet vehicle leasing company. Terms of the Custodial Agreement remain confidential. In accordance with the Custodial Agreement, PFSC will provide its client,… Read more »

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’s client is a well-established nationwide provider of consumer installment loans, including loans for debt consolidation purposes. After a lengthy due diligence… Read more »

Portfolio Financial Servicing Company Announces Participation and Exhibition at LendIt USA 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 and exhibiting at the 2015 LendIt USA conference, which will take place at the Marriott Marquis in New York City from April 13th through 15th. PFSC will be… 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 entered into a definitive agreement to act as Backup and Successor Servicer for a consumer installment loan portfolio. PFSC has performed servicing and backup servicing for consumer loans and leases since its inception in 1992. This new engagement was prompted by the issuer’s… Read more »

Portfolio Financial Servicing Company Announces Sponsorship and Participation at IMN/ELFA 14th Annual Investors’ Conference on Equipment Finance

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 eight consecutive year, it will sponsor and exhibit at the 14th annual Investors’ Conference on Equipment Finance. The conference will take place at the Marriott New York Downtown hotel and… Read more »

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

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Servicer and Verification Agent on behalf of an established structured settlement purchaser. PFSC has provided servicing and verification agent/custodial duties for the purchaser for almost a decade. This new engagement was prompted by the purchaser’s… Read more »

Portfolio Financial Servicing Company Announces Successful Completion of its 2014 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 2014 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 Engaged to Service Consumer Home Improvement 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 home improvement 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,… Read more »

Canadian Equipment Finance Company Selects Portfolio Financial Servicing Company for Comprehensive Lease and Loan Servicing

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement, through its wholly-owned Canadian subsidiary PFSC Canada Inc., with a Canadian-based commercial equipment lessor and lender to provide comprehensive lease and loan servicing. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart, President… Read more »