Portfolio Financial Servicing Company Selected As Backup Servicer for Commercial Small Business 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 leading small business lender who has obtained a new warehouse credit facility. PFSC has provided backup services to this client since 2010. Terms of the agreement remain confidential. PFSC… Read more »

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Portfolio Financial Servicing Company Appointed Subservicer for $600M 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 $600M 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 »

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Portfolio Financial Servicing Company Selected As Backup Servicer and Verification Agent for Structured Settlement Debt 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 structured settlement debt facility. For over a decade, PFSC has been a leading provider of primary, backup, and successor servicing for structured settlement, lottery, and annuity contracts. John Enyart,… Read more »

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Portfolio Financial Servicing Company Appointed Backup Servicer for Merchant Cash Advance Securitization 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 securitized pool of merchant cash advance loans. PFSC has worked with the issuer for the past four years, leading to PFSC’s appointment as Backup Servicer under the issuer’s first… Read more »

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Portfolio Financial Servicing Company Appointed Custodian for Commercial Fleet Vehicle Title Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Custodian and Bailee under the terms of a Vehicle Title Custodial Agreement on behalf of a commercial fleet vehicle rental company. Terms of the Custodial Agreement remain confidential. In accordance with the Custodial Agreement, PFSC will provide its client, and the… Read more »

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