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...

Posted by adminbfs on May 11, 2011 in Corporate News, Press Room

Making Things Right

A mortgage servicing and asset management platform takes on the daunting task of helping low-income families pay off their loans and finally-some after more than a decade-own their homes. Juno Henares-Chuidian, Head of Corporate Communication of BFS to its borrowers has a lot on her plate. First, she has to bust misconceptions that BFS is a real estate company or a mortgage bank. Neither is it a collections agency nor is it a charity house. Second, she has to make sure those misconceptions are held at bay and re-introduce-nay, re-educate borrowers on the values of good debt and money management. A recent survey commissioned by Mastercard reports that Filipina women rank high among her Asian sisters when it comes to financial literacy but this writer begs to differ we come in sixth with a score of 66.6 for Basic Money Management, and come in ninth at 55.6 for Investment. According to the Philippine Consortium on Migration and Development (PhilComDev), one of the organizations involved in the recently launched Pinoy...

Posted by adminbfs on Apr 7, 2011 in Corporate News, Press Room

BFS and Meralco in discussions to assist BFS-certified buyers

BFS has taken positive steps towards improving the quality of its property management and after-sales services by holding talks with Meralco for the adoption of standard energy application requirements and procedures for BFS-certified buyers. BFS initiated the discussions with Meralco to assist buyers who have difficulty securing electricity for their newly bought homes. Another value added service being discussed with Meralco is the pre-processing program which will allow BFS to initiate bulk energy applications of properties in its sales inventory that can be activated subsequently by a BFS-certified buyer. This will greatly improve the turn-around time for processing energy applications and minimizing the documentary requirements for buyer-applicants. These combined strategies are novel but appealing for being procedurally efficient, sustainable and client friendly. Meralco’s Legal Services supports the proposal, which could pave the way for a formal cooperation between Meralco and BFS soon. PMU is at the forefront of this project with support from Legal, CCD, and...

Posted by adminbfs on Mar 30, 2011 in Corporate News, Press Room

Extra-Mile Awardees

There are leaders in every corner of the office. They make things happen. They do things consistently, sometimes quietly. They go the extra mile and do the unexpected without much prodding. They come in all shapes, sizes and ages! Leaders add value. They solve problems and make it easier for everyone. Leaders make a company great. • Allan Angelo L. Quimpo – for completing the Investor Reports on an accelerated timeline with high quality and for taking ownership of the Activity Framework Process and guiding the Department Heads in the construction of their Activity Frameworks • Melanie C. Sevilleja – for working beyond the scope of Recruitment Manager and keeping the HR team functioning in the absence of a HR Head and Compensation Benefits...