Portfolio Financial Servicing Company Appointed Backup and Successor Servicer for Merchant Cash Advance Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has executed a multi-year Backup and Successor Servicing Agreement with a specialty finance company offering merchant cash advance financing to commercial accounts throughout the U.S. Terms of the agreement remain confidential. Commenting on this new engagement, John Enyart, President of PFSC, stated, “The merchant… Read more »

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Portfolio Financial Servicing Company Appointed Servicer by Bank-Owned Specialty Finance Company

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement with an originator and purchaser of commercial finance transactions to act as primary servicer for a U.S.-based commercial lease and loan portfolio. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart, President of… 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 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 »

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