Corporate News | BFS Corporate

Posted by adminbfs on May 18, 2011 in Corporate News, Press Room

BFS Continues Improving Standards and Services

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. BFS’ COO Beth Gilson attended the National Mortgage Servicing Convention and Expo 2011 in Dallas, Texas organized by the U.S. Mortgage Bankers Association. 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 of foreclosures due to “robo-signing”, servicer compensation, paperless servicing and other topics related to the future of mortgage servicing. Beth is excited about the learnings from the conference as it applies to BFS. “One of the main...

Posted by adminbfs on May 18, 2011 in Corporate News, Press Room

BFS Attracts Young Professionals to its Proprietary Training Program

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 a multinational company that prides itself...

Posted by adminbfs on May 17, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Conducts Field Processing in Cavite

BFS recently conducted door-to-door visits for inactive accounts. Several teams of Account Specialists visited Golden City Dasmarinas, City Homes Resortville, City Homes Dasmarinas and Springville Subdivision in Cavite, and Golden City Sta. Rosa and San Lorenzo South in Laguna. Teams conducting field processing visited 732 households in October and 190 accounts in September in Springville alone.The teams met with community leaders and borrowers who clarified their concerns about their housing loans and customized resolution packages. Property sales flyers were given to households for those interested in value for money pre-owned properties in prime locations all over the Philippines. Says President Federico Y. Cadiz Jr., “More field processing activities are being planned in the last quarter of the year as BFS endeavors to assist borrowers towards...

Posted by adminbfs on May 17, 2011 in Corporate News, Press Room, Properties News

BFS Offers Special Discounts to Qualified Borrowers

BFS offered another special discount to qualified Balikatan borrowers until December 15, 2010. Rather than see borrowers lose their homes through foreclosure, BFS is offering another opportunity for qualified borrowers to resolve their housing loans and realize savings. This only shows BFS’ continuing commitment to give all borrowers every opportunity to settle their delinquent housing loan obligations through affordable financial packages and have a chance at...

Posted by adminbfs on May 17, 2011 in Corporate News, Loan Accounts News, Press Room

B-Online Customer Service Desk is Live!

On November 2, BFS, the premier special assets management and mortgage servicing company,through its online customer service desk, became available to chat with borrowers through the internet, Mondays to Fridays from 9 am to 6 pm and Saturdays from 9am to 12 noon, or otherwise by appointment. ”B-ONLINE Customer Service Desk” is a powerful feature offered by BFS that takes advantage of theincreasing internet familiarity and connectivity enjoyed by its customer base. BFS customers from asfar North as Ilocos Norte and as far South as Tawi-tawi may now transact “live” with BFS authorized representatives through the net. “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 17, 2011 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, and Panabo as the pilot areas in the first quarter of...