Press Room | BFS Corporate

Posted by adminbfs on Sep 26, 2012 in Corporate News, Loan Accounts News, Press Room

BFS Launches PANALO MAX for Balikatan

Mortgage servicing company BFS, Inc. launches its Panalo Max program nationwide for qualified Balikatan borrowers. BFS is the exclusive mortgage servicer and asset manager of Balikatan Housing and Finance, Inc. (BHFI) for its multi-billlion residential loan mortgage portfolio. With Panalo Max, qualified Balikatan borrowers may avail of the opportunity to settle their long outstanding and overdue debts at graduated reduced amounts, even as low as the outstanding principal balance only, with accrued interest and penalties effectively condoned. Balikatan borrowers are encouraged to visit the BFS offices and communicate with their account specialists regarding the details of this unique program. Meanwhile, Balikatan borrowers based abroad as Overseas Filipino Workers (OFWs) may get in touch with their account specialists through B-online, which may be found at the BFS website at www.bfs.com.ph. “We encourage qualified Balikatan borrowers to contact their BFS account specialists within the next few days,” says Maria Louella G. Ilustre, Head of BFS’ Account Management Department. “We are optimistic that qualified borrowers will take advantage of this opportunity to...

Posted by adminbfs on Sep 26, 2012 in Corporate News, Press Room, Properties News

BFS kicks 2D MAX Offer into high gear!

For a limited time only, BFS is offering its most aggressive sales discounts to date! Eligible spot cash buyers may enjoy up to 50% discount on select pre-owned properties starting April 2012. No hassles, no worries. BFS is doing everything to make it easier for you. A pioneer in the local asset management business, BFS Property Sales has been offering Pinoys an economical alternative to purchase their own houses. While some of these are still subject to foreclosure and title consolidation proceedings, buyers are presented with a rare opportunity to own the rights to these pre-owned properties at a steep discount. So what are you waiting for? Click on the link below to find out more about our available properties and be on your way to finally owning your own home. Click here to go to learn more about our 2D Max offer. * Prices and discounts are subject to change at any time and do not include closing fees and other charges. ** Discounts apply only to spot...

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

BFS’ Property Management Practices – Benefiting the Communities

Since assuming the role of master servicer for a residential loan portfolio consisting of 52,000 highly delinquent loans acquired by its client from the National Home Mortgage Finance Corporation (NHMFC) in 2005, pioneer mortgage servicing company BFS continues to observe best asset management practices. BFS, through its property management unit, currently manages an inventory of properties abandoned by or foreclosed from delinquent borrowers in now over 200 subdivisions nationwide. This means it has to oversee all aspects of property management to ensure preservation of these properties as well as their renewed marketability. In short, its mandate is to manage, conserve, protect and reintroduce properties to the residential market. BFS’ Property Management Services engages a network of service partners who work with BFS professionals to deploy an army of caretakers and security guards to properties located all over the Philippines. BFS closely works with the local companies and recruits its caretakers from these communities, thus, providing not only employment opportunities locally but assures a smoother interface with local communities and...

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...