Is Crowdfunding Poised to Disrupt the Lending Industry?

Twenty years ago, lending options for businesses and individuals were pretty limited. Unless you were lucky enough to find a generous private benefactor, banks and credit unions were typically the only viable loan providers. Then, as the Internet matured, a new type of lending emerged. Today, Peer-to-peer lending or crowdfunding platforms, wherein groups of people… Read more »

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Portfolio Financial Servicing Company Announces Successful Completion of its 2015 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 2015 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 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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Institutional Purchaser Engages Portfolio Financial Servicing Company As Backup Servicer And Verification Agent

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup Servicer and Verification Agent for an institutional purchaser of consumer installment loans originated and serviced by an on-line marketplace lender. Terms of the agreement remain confidential. This transaction represents PFSC’s first engagement with this… Read more »

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Portfolio Financial Servicing Company Appointed Backup Servicer for Commercial Lease 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 for a small ticket commercial lease portfolio. Terms of the agreement remain confidential. PFSC has provided tax administration, backup servicing, and document custodial services to the originator since 2004. Upon the… Read more »

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