Portfolio Financial Servicing Company Selected As Servicer for Consumer Marine Loan Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement with a state-chartered bank to act as Primary Servicer for a U.S.-based consumer marine loan portfolio. Terms of the servicing agreement remain confidential. Commenting on this new engagement, John Enyart, President of PFSC, stated, “The servicing of consumer… Read more »

Continue Reading

Portfolio Financial Servicing Company Appointed Servicer for Lottery Prize Portfolio

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 appointed as the servicer for a new lottery prize receivable purchase facility. Terms of the agreement remain confidential. Under the agreement, PFSC will provide its client with comprehensive portfolio… Read more »

Continue Reading

Portfolio Financial Servicing Company Selected As Backup Servicer for $500M Asset-Backed Note Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement with a captive finance company to act as Backup Servicer for an approximate $500M commercial equipment finance portfolio, comprised primarily of leases and loans secured by new and used medium and heavy duty trucks. Terms of the servicing… Read more »

Continue Reading

Portfolio Financial Servicing Company Appointed to Service $100M Canadian Auto Lease and Loan Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has commenced servicing an approximate $100M commercial and consumer auto lease and loan portfolio domiciled across Canada. PFSC, through its wholly-owned subsidiary PFSC Canada Inc., entered into a long-term servicing agreement with a captive finance company comprised of a consortium of Canadian auto dealerships…. Read more »

Continue Reading

Portfolio Financial Servicing Company Appointed Subservicer for $700M 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 $700M 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 »

Continue Reading