2011 May | BFS Corporate

Posted by adminbfs on May 18, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Bahay Condonation Special Drives Resolutions in Luzon, Visayas, and Mindanao

BFS Account Specialists work day and night for borrowers to realize homeownership BFS, the premier special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005. In the process, it has fulfilled the dreams of homeownership for thousands of Filipinos. BFS continues to assist Balikatan borrowers to become legitimate owners of their homes. It recently offered a special offer for cash settlements for thousands of qualified account holders throughout the country. This is to continue the company’s 100% Penalty Condonation and up to 100% Interest Condonation where BFS’ proposed settlement amounts are lower than provided by the law. The special offer was well received as borrowers from Cavite, Bulacan, Laguna, Rizal, Bacolod, Davao, and Cagayan de Oro came to settle their loan obligations. Mr. Ibrahim Dianalan of Barangay Cugman, Cagayan De Oro City, a Balikatan borrower wrote, “My family appreciates your humanitarian favor selecting us to be one of the beneficiaries of your Bahay Condonation Special promo offer and lowering our...

Posted by adminbfs on May 18, 2011 in Loan Accounts News, Press Room

Yolanda Tiongco, isang BFS Happy Homeowner mula Negros Occidental

Ang BFS ay ang pangunahing special assets management and mortgage servicing company na tumutulong ayusin ang 52,000 loan accounts ng Balikatan Housing magmula 2005. Katuwang ang BFS upang maisakatuparan ang pangarap sa pabahay ng libu-libong mga Pilipino. Si Yolanda Tiongco ay taga-Carmela Valley Homes, Talisay City, Negros Occidental. Gaya ng iba, huminto siyang magbayad ng utang sa bahay nang mawalan ng trabaho ang kanyang asawa. Hindi niya naisip na maaring mawala ang pangarap na bahay isang araw. Mabuti na lamang at nailipat sa BFS ang kanyang account at nagkaroon si Yolanda ng panibagong pagkakataon para ayusin ang kanyang problema sa bahay. Sa pakikipagtulungan sa BFS, naipaliwanag nang mabuti ng kanyang Account Specialist ang mga produktong pang-resolusyon na naaayon sa kanyang kakayahang pinansyal. Kinailangan ni Yolanda na lumapit sa kanyang mga kamag-anak para humingi ng tulong. “Kinausap ko yung mga kapatid ko na may kakayahan. May mga kapatid ako na nagtatrabaho sa ibang bansa.” Naunawaan ni Yolanda na katuwang ang BFS upang lehitimong mapasakanya ang kanyang bahay. Masaya siya at...

Posted by adminbfs on May 18, 2011 in Corporate News, Press Room

BFS Continues Improving Standards and Services

BFS, the premier special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005. In the process, it has fulfilled the dreams of homeownership for thousands of Filipinos. BFS’ COO Beth Gilson attended the National Mortgage Servicing Convention and Expo 2011 in Dallas, Texas organized by the U.S. Mortgage Bankers Association. Over 2,500 leading mortgage industry players attended, including senior executives of Fannie Mae, Freddie Mac and Ginnie Mae, the major US servicers, special servicers, sub-servicers, real estate professionals, lawyers and default management professionals and IT practitioners. The four-day conference covered a wide range of hot topics in the mortgage industry, such as loss mitigation techniques and programs, major government housing agency default management initiatives, foreclosure issues including the recent halt in thousands of foreclosures due to “robo-signing”, servicer compensation, paperless servicing and other topics related to the future of mortgage servicing. Beth is excited about the learnings from the conference as it applies to BFS. “One of the main...

Posted by adminbfs on May 18, 2011 in Corporate News, Press Room

BFS Attracts Young Professionals to its Proprietary Training Program

BFS, the premier special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005. In the process, it has fulfilled the dreams of homeownership for thousands of Filipinos. Launched in 2006, BFS continues to grow in leaps and bounds. As the Philippines’ premiere special asset management and mortgage servicing company, BFS established proprietary systems and processes to successfully service a portfolio of highly-distressed home loans from the National Housing and Mortgage Finance Corporation (NHMFC). With its proven track record, BFS is poised for more growth and is actively recruiting high-caliber performers to join the organization. BFS boasts of an unprecedented training program that specializes in mortgage servicing through the only Mortgage Academy in the Philippines, leading to the development of an exceptional career. A learning culture foments a mentoring standard from a senior management team with an average of 20 years of experience. International best practices are utilized and high value skills are taught by a multinational company that prides itself...

Posted by adminbfs on May 17, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Conducts Field Processing in Cavite

BFS recently conducted door-to-door visits for inactive accounts. Several teams of Account Specialists visited Golden City Dasmarinas, City Homes Resortville, City Homes Dasmarinas and Springville Subdivision in Cavite, and Golden City Sta. Rosa and San Lorenzo South in Laguna. Teams conducting field processing visited 732 households in October and 190 accounts in September in Springville alone.The teams met with community leaders and borrowers who clarified their concerns about their housing loans and customized resolution packages. Property sales flyers were given to households for those interested in value for money pre-owned properties in prime locations all over the Philippines. Says President Federico Y. Cadiz Jr., “More field processing activities are being planned in the last quarter of the year as BFS endeavors to assist borrowers towards...