Portfolio Financial Servicing Company Announces the Hiring of John Rosenlund, CLP as New Director of Risk Management

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that John Rosenlund, CLP, has joined PFSC as the new Director of Risk Management. In his new position, Mr. Rosenlund will be responsible for early and late stage collections, repossessions, asset remarketing and litigation support services that PFSC provides to its clients. Mr. Rosenlund has a… Read more »

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Portfolio Financial Servicing Company Engaged 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 to perform nationwide sales, use and personal property tax return preparation, filing and treasury services for a recently formed equipment leasing division of a bank holding company.  Terms… Read more »

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Portfolio Financial Servicing Company Selected As Backup Servicer for Merchant Cash Advance Credit 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 for a leading specialty finance company offering merchant cash advance financing to commercial accounts throughout the U.S. Merchant cash advance loans represent a specialty lending niche in which PFSC has servicing… Read more »

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Portfolio Financial Servicing Company Selected As Backup Servicer for $900M 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 $900M commercial equipment finance portfolio, comprised primarily of loans secured by new and used medium and heavy duty trucks. Terms of the servicing agreement remain… Read more »

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Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Commercial Equipment Loan 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 for a consortium of commercial banks regarding a commercial equipment finance portfolio. PFSC has been a leading provider of primary, backup, and successor servicing for commercial and consumer equipment finance transactions… Read more »

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