PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has executed a servicing agreement to act as Servicer and Verification Agent on behalf of an established structured settlement purchaser.
One of PFSC’s many core competencies is servicing and backup servicing of structured settlement portfolios. PFSC works with the majority of the largest and most tenured structured settlement and lottery purchasers in the U.S. With regard to this particular transaction, PFSC has worked with the structured settlement purchaser for over a decade. John Enyart, President of PFSC, commented, “We appreciate the ongoing confidence our Client has placed in PFSC by engaging us as servicer for this new facility. We look forward to providing our client with superior service and responsiveness.”
Under the new facility, PFSC will perform file receipt and verification duties in its capacity as verification agent, and will perform contract boarding, payment posting, split-payment processing and treasury functions, as well as collections, customer service, and financial/managerial reporting in its capacity as servicer, consistent with the terms of the Servicing Agreement.
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. and Canada. 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.