adminbfs | BFS Corporate

Posted by adminbfs on Sep 25, 2012 in Corporate News, Press Room, Properties News

BFS Participates in 2012 Housing Fair

BFS, the pioneering mortgage servicing and special asset management company, joined the 2012 Housing Fair held recently at the SMX Convention Center. With a nationwide inventory of pre-owned homes, BFS caters to people who are looking for attractive buys at value for money basement level prices. Says BFS Head of Property Sales Antonio Ortiga, “One of the things that we have to acknowledge in the Philippine housing sector is that not everyone can afford the high prices of homes in the market today. BFS is offering value for money through a wide inventory of idle properties in strategic locations. These are primarily located in developed subdivisions in Laguna, Cavite, Bulacan, Rizal, Caloocan City and Muntinlupa City and are closer to the city centers where the activity is. These present a good and cost-effective alternative, especially for both entry level home buyers and investment buyers, with homes selling at prices ranging from P150,000 to P2,000,000 for a house and lot unit.” BFS extended its 2D Max Program for property buyers...

Posted by adminbfs on Sep 25, 2012 in Corporate News, Loan Accounts News, Press Room

BFS: Legitimizing Homeownership for Thousands of Filipino Families

Pioneer mortgage servicing company BFS has been helping thousands of Filipino families legitimately own their homes since 2005, when it acquired a portfolio of non-performing loans from the National Home Mortgage Finance Corporation (NHMFC). Through the company’s end-to-end mortgage servicing platform, it has helped pave the way for Filipino families to have genuine and legitimate homeownership. Here is a glimpse of the success stories that BFS has helped write through the years. Natividad Policarpio: Bouncing Back from Financial Difficulties Natividad Policarpio is a senior citizen from San Sebastian Heights Subdivision, Tarlac City. She had been remiss in her mortgage payments for a 180-square property as a result of compounding financial difficulties faced by her family. Fully aware of the consequences of not settling her debt, Mrs. Policarpio sought to resolve her housing loan with the help of BFS. “My account specialist helped us every step of the way, up until the release of the Transfer Certificate of Title,” she shares. “She also helped us negotiate a discount. I am...

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...