Portfolio Financial Servicing Company Selected As Backup Servicer and Custodian for Warehouse 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 warehouse credit facility for an originator of commercial equipment loan transactions. PFSC has provided services to both the issuer and… Read more »

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Portfolio Financial Servicing Company Appointed Custodian for Commercial Loan 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 custodian for a commercial loan portfolio.  Terms of the agreement remain confidential. Under the agreement, PFSC will provide its client, and the client’s capital provider, with… Read more »

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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 »

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Portfolio Financial Servicing Company Engaged by Nationwide Equipment Lessor 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 by a nationwide equipment lessor to perform multi-state sales, use and personal property tax return preparation, filing and treasury services for a sizable and nationwide equipment lease portfolio…. Read more »

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Portfolio Financial Servicing Company Announces Successful Completion of its 2010 SAS 70 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 2010 SAS (Statement on Auditing Standards) 70 Type II audit. Statement on Auditing Standards 70 (“SAS 70”) is an internationally recognized auditing standard developed by the American Institute… Read more »

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