Category: Press

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 »

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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 »

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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 »

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Portfolio Financial Servicing Company Engaged to Provide Multi-State Sales, Use and Personal Property Tax Services

PORTLAND, OR.  Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, announced today that it has been engaged to perform nationwide sales, use and personal property tax return preparation, filing and treasury services for a recently formed equipment leasing division of a bank holding company.  Terms… Read more »

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