Company News

Portfolio Financial Servicing Company Appointed Subservicer for $730M 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 $730M 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 »

Bank Group Appoints Portfolio Financial Servicing Company as Successor Servicer for Commercial Transportation Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that, in its capacity as backup servicer for a commercial transportation lease portfolio, the bank lending group has appointed PFSC as the successor servicer of the portfolio. PFSC had operated in a backup servicing capacity since 2011. As defined in the transaction documents, PFSC was appointed… Read more »

Portfolio Financial Servicing Company Selected As Servicer By Bank-Owned Equipment Finance Company

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has executed a multi-year agreement with bank-owned equipment finance company whereby PFSC will provide comprehensive servicing of the client’s commercial equipment lease and 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 Selected As Backup Servicer for Consumer 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 unsecured consumer installment loan portfolio. Commenting on this new engagement, John Enyart, President of PFSC, commented, “Our Client has a seasoned origination team and an effective delivery method that… Read more »

Portfolio Financial Servicing Company Selected as Servicer and Custodian for Structured Settlement Credit Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Servicer and Custodian for a new structured settlement credit facility. Terms of the agreement remain confidential. PFSC has been a leading provider of structured settlement, lottery and annuity servicing since 2002. John Enyart, President of… Read more »

Portfolio Financial Servicing Company Appointed Servicer for Life Contingent Structured Settlement Pool

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has begun servicing a life contingent structured settlement pool on behalf of an investment fund. Terms of the engagement remain confidential. PFSC has been a leading provider of structured settlement, lottery and annuity servicing since 2002. “After a lengthy due diligence period, we are… Read more »

Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Commercial 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 commercial loan portfolio comprised of loans to solar and renewable energy developers. Terms of the Backup and Successor Servicing Agreement remain confidential. Commenting on this new engagement, John Enyart,… Read more »

Portfolio Financial Servicing Company Announces Sponsorship and Participation at IMN/ELFA 12th 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 sixth consecutive year, it will sponsor and attend the 12th annual Investor’s Conference on Equipment Finance. The conference will take place at the McGraw Hill Building in New York City… Read more »

Portfolio Financial Servicing Company Announces Successful Completion of its 2012 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 2012 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 Equipment Lease 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 with regard to a sizable new credit facility for an established originator of commercial equipment lease transactions. Commenting on this new engagement, John Enyart, President of… Read more »