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

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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 long and distinguished career in the commercial equipment finance marketplace, having spent 28 years in the small ticket and middle market equipment finance arena with Colonial-Pacific Leasing, FirstCorp, MetLife Capital, and Financial Pacific Leasing. Most recently, John was the Chief Operating Officer at Radiance Capital. John’s primary responsibilities have included credit, collections and portfolio management.

John currently serves on the NEFA Board of Directors and served as Chairman of the ELFA Credit & Collection Committee from 2002-2004. John is also a board member and Treasurer of the Certified Lease Professional (“CLP”) Foundation.

John Enyart, President of PFSC, commented, “We are delighted that John has joined PFSC and we are confident that his many years of collection and risk management experience in the commercial equipment finance industry will serve our clients well”.

Mr. Rosenlund, in discussing his decision to join PFSC, stated, “I am delighted to be joining PFSC. I have known of PFSC and their excellent reputation in the marketplace for many years, and having the opportunity to work with and provide services to so many diverse clients across the U.S. will be a challenging and rewarding experience”.

About Portfolio Financial Servicing Company

Portfolio Financial Servicing Company (“PFSC”) is a third party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize, and royalty-based receivables).  Since 1992, PFSC has serviced billions in asset value for a diverse group of clients across the U.S.  PFSC provides a comprehensive suite of services including primary servicing, successor servicing, and backup servicing.  PFSC also provides certain a la carte services such as document custodianship, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance.  For more information, visit www.pfsc.com.