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

BFS Addresses 52,000 Financially Challenged Home Borrowers

BFS Addresses 52,000 Financially Challenged Home Borrowers

Mrs. Rosario Briones of Mabalacat, Pampanga, the latest Balikatan borrower to successfully resolve her long outstanding housing loan, receives her TCT from a BFS account specialist. Pioneer mortgage servicing company BFS, Inc. has helped some 21,000 Filipino families to fully resolve their long outstanding and overdue loan obligations, with yet another 27,000 accounts in the resolution pipeline. This was made possible through BFS’ best-practice, end-to-end mortgage servicing platform. BFS, Inc. is the exclusive mortgage servicer and asset manager of the residential mortgage loan portfolio of Balikatan Housing and Finance, Inc. (BHFI). “We are glad that through our efforts, families have reclaimed their homes and have peace of mind,” states BFS Federico Y. Cadiz, Jr. “More importantly, they now have assets in the form of realized home equity, which for individual families is the largest component of personal savings—savings that may increase as their homes appreciate in value over time and may be passed on to their loved ones.” The most recent borrowers to successfully settle their obligation are Mr....

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

BFS Engages Towers Watsons

BFS Engages Towers Watsons

Towers Watsons’ Rafael Lucien Cepeda and Patrick V. Marquina and BFS’ Elizabeth Gilson, Amelia Hocson, and Ma. Johanna Clemente sign a contract for the Job Re-grading Project Last October 2011, BFS signed a contract on a Job Re-Grading Project with Towers Watson, a leading global consultancy firm providing professional services in the areas of people, risk, and management. The purpose of the project is to update BFS’ existing Job Grading Chart. It also aims to ensure that most, if not all, positions in the company are thoroughly evaluated, properly slotted in the correct job grade, and clustered together with other jobs of relative worth to the organization. The basis of the job grading is the job descriptions accompanied by interview sessions involving the department heads, Human Resources, and Towers Watson representatives. HR kicked off the project by facilitating a “Guide to Writing Job Descriptions (JD)” orientation for all department heads in utilizing the new template to revise JDs for positions in their respective departments. Standardized information results in more...

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