PORTLAND, OR. John Enyart, President of Portfolio Financial Servicing Company (“PFSC”), announced today that PFSC has entered into a definitive agreement to act as Master Servicer for a new $50 million structured settlement facility.
PFSC has been a leading provider of structured settlement, lottery and annuity servicing since 2002. Mr. Enyart commented, “PFSC is pleased to have been selected as the Master Servicer for this new credit facility. The comprehensive servicing of structured settlements has been a core competency at PFSC for many years and we are always appreciative of being given the opportunity to offer our services to the dynamic structured settlement marketplace”.
Under the new facility, PFSC will be responsible for substantially all structured settlement boarding, payment posting, collections, customer service and reporting functions.
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.