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Posted by on Dec 23, 2013 in Corporate News, Loan Accounts News, Press Room

BFS Resolves Delinquent Home Loans

BFS Resolves Delinquent Home Loans

(Manila Bulletin) Pioneer mortgage servicing company BFS, Inc. announces that it has assisted more than 26,000 Filipino families to fully resolve outstanding and overdue loan obligations through its 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. “Through BFS efforts, many families have reclaimed their homes and now have assets in the form of realized home equity. For most families, this is the largest component of personal savings – savings that may increase as their homes appreciate in value over time and may be passed onto their loved ones,” states BFS president Federico Y. Cadiz, Jr. He adds that the ability of thousands of borrowers to own their homes will have a positive ripple effect on the economy. This is also in line with BFS’ objective to help improve the overall liquidity in the housing capital markets. “By reintroducing liquidity to under-performing assets, money will resume circulating throughout the system,...

Posted by on Dec 16, 2013 in Loan Accounts News, Press Room

BFS nakikipagtulungan sa mga Balikatan borrower

BFS nakikipagtulungan sa mga Balikatan borrower

(Ayuda) Tinatanggap ni Myrna Cawaling, ng San Lorenzo South, Sta. Rosa, Laguna ang Transfer Certificate of Title mula sa isang account specialist ng BFS, ang mortgage servicer ng 52,000 highly delinquent loan account mula sa National Home Mortgage Finance Corporation. Nakikipagtulungan ang BFS sa libu-libong Balikatan borrower upang maresolba ang kanilang obligasyon sa housing loan, sa ilalim ng programang Extended Panalo...

Posted by on Dec 13, 2013 in Homepage Content

Homepage Content

BFS is a pioneering multi-national mortgage servicing platform that combines functional competencies in Mortgage Finance Origination and Credit Underwriting, Loan Servicing, Default Management, Property Management and Sales and Secondary Market Development. As a comprehensive business proposition covering the entire mortgage servicing life cycle, BFS has specifically addressed the following Key Success Areas: A management team of seasoned professionals, fully knowledgeable and equipped with broad experience in portfolio management Development of and adherence to best-practice policies, controls and procedure Development and implementation of best-practice servicing methodologies in the areas of: Mortgage Loan Origination and Underwriting for a better Credit Culture Loan Servicing and Default Management Development of a secondary market for mortgage paper underwritten and serviced to internationally-rated standards Using specialized and efficient technology applied to manage the processing of a high volume of information, ensuring a high degree of transactional efficiency and integrity Entering into strategic partnerships with like-minded professional entities A first mover in this industry, BFS adheres to international standards and best practices that are customized for...

Posted by on Dec 12, 2013 in Corporate News, Press Room

BFS resolves 26k delinquent home loans

BFS resolves 26k delinquent home loans

(Malaya) Pioneer mortgage servicing company BFS, Inc. said that it has to date assisted more than 26,000 Filipino families to fully resolve outstanding and overdue loan obligations through its 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. “Through BFS efforts, many families have reclaimed their homes and now have assets in the form of realized home equity. For most families, this is the largest component of personal savings – savings that may increase as their homes appreciate in value over time and may be passed onto their loved ones,” said BFS president Federico Cadiz, Jr. Cadiz said the ability of thousands of borrowers to own their homes will have a positive ripple effect on the economy. This is also in line with BFS’ objective to help improve the overall liquidity in the housing capital markets. “ By reintroducing liquidity to under-performing assets, money will resume circulating throughout the system,...

Posted by on Dec 10, 2013 in Corporate News, Press Room, Properties News

BFS launches new program amid strong pre-owned housing sales

BFS launches new program amid strong pre-owned housing sales

(Business Mirror) Pioneer asset management company BFS reports they have sold approximately 70 percent of their total pre-owned housing inventory as of October 2013. Having been active in the pre-owned housing market since 2007, the company is launching a new program wherein eligible spot-cash buyers may enjoy up to 50 percent discount on select pre-owned properties. Called the “2D Max II” Program, potential buyers may choose from a number of locations nationwide such as Bulacan, Cavite and Rizal. These areas are highly sought after areas since they belong to developed and organized communities with access to paved roads, utilities, various amenities. In addition to the preferred locations, the units have also been seen as excellent investment vehicles. For as low as P150,000, one can be either a homeowner and or own an asset that would appreciate in...

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