PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Custodian and Bailee for a commercial lease portfolio, consisting of approximately 15,000 contracts.
Under the Bailment Agreement, PFSC will provide its client, and the client’s capital provider, with comprehensive document custodian services, including document receipt, document review and certification, document tracking and safekeeping.
Commenting on this new engagement, John Enyart, President of PFSC, stated, “We have enjoyed an excellent relationship with this client for many years, and have had the opportunity to provide this client with a variety of our value-added services. Our appointment as custodian for this commercial lease pool is reflective of PFSC’s value proposition and the quality of service we provide to our clients. We look forward to working with both our client and their capital provider on this transaction.”
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