Portfolio Financial Servicing Company Appointed Verification Agent for Residential Rehabilitation Loan Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that is has been appointed Verification Agent under the terms of a Verification Agent Agreement on behalf of a lender to residential real estate rehabilitators and its capital provider. Terms of the Verification Agent Agreement remain confidential.

In accordance with the Verification Agent Agreement, PFSC will provide its client, and the client’s lender with comprehensive document review, certification, and retention services, including the receipt and verification of numerous real estate-related documents, and validation of over forty (40) distinct data elements.

Commenting on this new engagement, John Enyart, President of PFSC, stated, “Our verification agent and document custody services have continued to experience substantial growth, and our appointment for this real-estate related portfolio evidences our ability to apply our skill set across numerous asset classes. We look forward to working with both our client and their lender 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.