2012 April | BFS Corporate

Posted by adminbfs on Apr 27, 2012 in Corporate News, Press Room

Infrastructure Improvement: IT Embarks On High Availability Project

Art de Guzman and Dexter Chavez ensure that all servers are in good working condition for the benefit of BFS’ clients. As part of the constant need to manage, maintain and improve our IT infrastructure to support core business applications (AMS, CMS, email, etc) 24 hours a day, seven days a week, BFS launched the “High Availability Project”. The project calls for the implementation of VMWARE (virtualization and failover solution) running on four high-performance HP servers, and data to be stored on two high capacity EMC storage devices. IT signed on MicroGenesis to provide servers, Total Information Management for storage, and Integrated Computer Systems for application solutions. Upon project completion, BFS expects to benefit from dynamic resource allocation, scalable server infrastructure, higher computing power, and as fast as five-second recovery in case of hardware failures. This project aims to eradicate downtime and increase efficiency for the BFS team as the company fulfills its commitment to increase system capabilities to better serve its...

Posted by adminbfs on Apr 27, 2012 in Corporate News, Press Room

BFS Attracts Young Professionals to its Proprietary Training Program

A BFS Account Specialist counsels borrowers 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...

Posted by adminbfs on Apr 27, 2012 in Corporate News, Press Room

BFS Launches its Property Management Services in Luzon, with Plans for Mindanao

BFS formally launched its new property security and maintenance programs on November 22, 2010 replacing current resident caretakers with security guards and maintenance personnel in four critical subdivisions out of 255 subdivisions. The transition to the new set-up met some resistance from unyielding resident caretakers who resorted to various forms of protests ranging from emotional pleas, compromise offers, threats of negative media, political patronage and violence that posed many challenges to the implementation of new strategies. Nevertheless, the transition pushed through as planned. BFS also plans to expand its property management services to Mindanao, with Davao, Tagum, andPanabo as the pilot areas in the first quarter of...

Posted by adminbfs on Apr 16, 2012 in Corporate News, Press Room

Balikatan Housing fetes former NHMFC President Jopet Sison

Balikatan Housing Finance Inc.’s (BHFI) board of directors recently recognized its outgoing director and former National Home Mortgage Finance Corporation (NHMFC) President Joseph Peter “Jopet” Sison (5th from left) for his invaluable contribution to the company. Says BHFI President Federico Y. Cadiz, “The sale by NHMFC of a portfolio of thousands of highly delinquent residential mortgage loans in 2005 to a private international fund, through its investment vehicle BHFI, was a pioneering transaction. The asset sale allowed NHMFC to liquefy its interest in the portfolio and repay its debts to the SSS and the Pag-ibig, address its long-standing non-performing mortgage loan portfolio problem and free up its internal resources towards its performing loans. The “outsourcing” of the NPL management to the private sector with BHFI’s specialized competency in this area through its servicer, BFS Inc., at the same time, improved the rate of financial resolution of the portfolio. This also benefited the many borrowers wishing to legally retain ownership of their homes through a loan work-out. “While credit must...

Posted by adminbfs on Apr 16, 2012 in Corporate News, Press Room, Properties News

BFS Offers 2D’ Max Program for Property Buyers

Pioneer asset management company BFS recently announced its most aggressive sales program to date for potential home buyers. Under the 2D’ Max program, eligible spot-cash buyers may enjoy up to a 50% discount on select pre-owned properties. Properties available under the 2D’ Max program are located nationwide, from Metro Manila extending up to the provinces of Bataan, Bulacan, Cavite, Camarines Norte, Davao, Laguna, Pampanga, Quezon, Rizal, and Tarlac, among others. “Pre-owned properties are an attractive alternative, especially for entry level home buyers,” states BFS Property Sales Head Antonio Ortiga. “Generally, real estate prices are expected to continue to appreciate in the short- to mid-term period, so our affordable pre-owned house and lot packages provide buyers today with great value for their money.” “Through BFS, end-users and investors alike are presented with this rare opportunity to acquire properties at bargain prices. Moreover, the properties which are located in gentrified communities appreciate in value over time; hence, buyers realize home equity which is a big component of personal savings.” explains Ortiga....