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 »

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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 »

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Portfolio Financial Servicing Company Engaged to Service Equipment Finance Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement with an investment fund to act as successor servicer for a recently purchased U.S.-based commercial equipment finance portfolio, comprised of both leases and loans. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart,… Read more »

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Portfolio Financial Servicing Company Selected as Servicer for Life Contingent Structured Settlement Purchase Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Servicer for a life contingent structured settlement pool acquired via a recently established purchase facility. Terms of the agreement remain confidential. PFSC has been a leading provider of structured settlement, lottery and annuity servicing since… Read more »

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John Rosenlund, Director of Risk Management at Portfolio Financial Servicing Company, appointed President of the National Equipment Finance Association

Portland, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that John Rosenlund, CLP and Director of Risk Management at PFSC, has been appointed to the National Equipment Finance Association (“NEFA”) Executive Committee as President. Mr. Rosenlund’s term as President of NEFA will commence effective January 1, 2013. In his role at PFSC, Mr. Rosenlund is… Read more »

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