adminbfs | BFS Corporate

Posted by adminbfs on Sep 4, 2011 in Corporate News, Press Room

BFS Opens Its Mortgage Academy

BFS Account Specialists in training BFS continues to grow its pioneering organization. It is the only mortgage servicing and special asset management company in the Philippines whose expertise is in unlocking asset value from under-managed assets. Since 2006, it has created thousands of homeowners by providing ways by which people may resolve their overdue accounts. In addition to primary and special servicing, BFS’ expertise includes real estate investment analysis and due diligence, property valuation, real estate corporate finance, property development, project management and marketing. Finally, BFS does secondary distribution of serviced mortgaged loans to financial investors and provides advisory services. On its fifth year, it is opening its Mortgage Academy in Asset Management and Mortgage Servicing to Young Professionals where they may learn international best practices and high value skills in a performance-driven environment. President Federico Y. Cadiz Jr. shares, “We need professionals who are willing to be trained in the many facets of asset management and mortgage servicing – from loan origination to secondary marketing. We want to...

Posted by adminbfs on Jul 20, 2011 in Corporate News, Press Room

BFS Celebrates Four Years of Asset Management

BFS’ efficient and accurate processing, nimbleness, intensive focus on quality control and customized service, exhaustive follow-up with stakeholder partners like local jurisdictions, courts, and government agencies where critical protocols have been developed, enable BFS to stay at the top of its game in terms of total service delivery. Furthermore, strategic partnerships with other service providers allow BFS to reach far-flung areas, leverage local knowledge and further enhance the value of its services, consistent with its over-all goal to deliver targeted results in its asset management business. BFS, the only mortgage servicing company in the Philippines, is celebrating four years of asset management this year. In 2005, it took over a multi-billion Peso portfolio of 52,000 highly distressed, geographically dispersed residential mortgage loans from the National Home Mortgage and Finance Corporation (NHMFC). BFS was officially launched in 2006 when it commenced servicing the portfolio. It has a fully-integrated mortgage servicing and special asset management delivery platform that employs customized programs and strategies, end-to-end workflow automation including virtual foldering, centralized database...

Posted by adminbfs on May 21, 2011 in Corporate News, Loan Accounts News, Press Room, Properties News

B-Online Reaches Out to Customers

BFS’ new platform of communication called the B-ONLINE Customer Service Desk was in response to the need of BFS clients for a quick, convenient and real-time means of clarifying various issues and concerns about their existing accounts. As the premier special assets management and mortgage servicing company, BFS services both performing and non-performing loans including the Balikatan portfolio with over 52, 000 accounts nationwide. The company’s past efforts of reaching out to clients included setting up offices in provinces, conducting field visits and a communications campaign through post, landline and mobile phones, SMS messages and emails. “We realize that some of our customers do not always have the time and money to bridge the physical distance to see us face to face in our offices. Some are even working abroad as OFWs and it would be too costly for them to reach us to ask questions. BFS wants to make it more convenient for them. Now, all that they have to do is to look for a computer with...

Posted by adminbfs on May 21, 2011 in Corporate News, Press Room

BFS Leads The Way in Adopting International Best Practices

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 not only managed to liquefy non-performing assets but has provided delinquent borrowers access to affordable and flexible plans to finally settle long outstanding obligations and fulfill their dreams of permanent homeownership. BFS’ COO Beth Gilson recently attended the National Mortgage Servicing Convention and Expo in Dallas, Texas organized by the US Mortgage Bankers’ Association. Beth attended as part of BFS’ commitment to continuously observe international best practices in mortgage servicing. 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...

Posted by adminbfs on May 20, 2011 in Loan Accounts News, Press Room

Joel Micarte, isang BFS Happy Homeowner mula sa Davao

Masayang tinanggap ni Gng Zenaida Micarte, maybahay ni G. Joel Micarte, ang kanyang TCT mula kay BFS Account Specialist Irwin Aton Si Joel Micarte ay isa lamang sa libu-libong natulungan ng BFS na maging lehitimong may-ari ng kanyang bahay at lupa sa Roseville Subd., Lanang, Davao City. Lima ang anak ni Joel at lahat ay pawang mga nag-aaral pa kaya kapos ang kanyang kinikita bilang fork lift operator para matugunan ang kanyang mga obligasyon. Napabayaan ni Joel ang pagbabayad sa kanyang bahay at lupa. Hindi niya naisip na maaring tuluyang mawala ang hinuhulugang bahay isang araw. Mabuti na lamang at nailipat ang kanyang account sa BFS noong 2005 at nagkaroon si Joel 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 Joel na lumapit sa kanyang mga kamag-anak para humingi ng tulong. “Masaya ako. Dapat magbayad talaga ng utang. Natuwa kami dahil napunta sa BFS...