Portfolio Financial Servicing Company Appointed Verification Agent and Title Custodian for Commercial Fleet Vehicle Title Portfolio

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PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Verification Agent and Title Custodian under the terms of a Vehicle Title Custodial Agreement on behalf of a commercial fleet vehicle leasing company. Terms of the Custodial Agreement remain confidential.

In accordance with the Custodial Agreement, PFSC will provide its client, and the client’s lender with comprehensive title custodian services, including title receipt, title verification and certification, title tracking and safekeeping, and title releases.

Commenting on this new engagement, John Enyart, President of PFSC, stated, “PFSC has a long history supporting the commercial transportation sector, as a servicer, backup servicer, and title custodian. Our multi-state vehicle titling capabilities and our long tenure and experience as a custodian makes PFSC an ideal partner for this new engagement. We appreciate the confidence our client and their lender have placed in PFSC and we look forward to providing exceptional service.”

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.