(Sunstar Bacolod) Borrower Leonardo Betita (left) of Bo. Handumanan, Bacolod City holds his Transfer Certificate of Title (TCT) from BFS Account Specialist Bianca Venzuela. Betita was able to own his home after availing of the BFS Panalo Max offer. Since being launched in early 2012, BFS Panalo Max has helped thousands of Filipino families with outstanding housing loans to own their homes at the soonest time possible. Pioneer mortgage servicing company BFS has helped some 24,000 families own their homes since assuming the Balikatan portfolio of 52,000 highly delinquent accounts from the National Home Mortgage Finance Corporation (NHMFC) since 2006. “Through the Panalo Max offering, qualified borrowers may see their penalties and up to 100% of the interests on their housing loans waived, enabling them to pay just the principal loan amount,” explains Juno Henares-Chuidian, BFS Head of Corporate Communication. “Not only do they own their homes at the soonest time possible, they also realize home equity immediately. This means that the value of a property increases as the mortgages are paid.” One of the beneficiaries of the Panalo Max offer is Leonardo Betita of Bo. Handumanan, Bacolod City. “I have seven kids and addressing...
(The Country Post Bacolod) Borrower Leonardo Betita (left) of Bo. Handumanan, Bacolod City holds his Transfer Certificate of Title (TCT) from BFS Account Specialist Bianca Venzuela. Betita was able to own his home after availing of the BFS Panalo Max offer. Since being launched in early 2012, BFS Panalo Max has helped thousands of Filipino families with outstanding housing loans to own their homes at the soonest time possible. Pioneer mortgage servicing company BFS has helped some 24,000 families own their homes since assuming the Balikatan portfolio of 52,000 highly delinquent accounts from the National Home Mortgage Finance Corporation (NHMFC) since 2006. “Through the Panalo Max offering, qualified borrowers may see their penalties and up to 100% of the interests on their housing loans waived, enabling them to pay just the principal loan amount,” explains Juno Henares-Chuidian, BFS Head of Corporate Communication. “Not only do they own their homes at the soonest time possible, they also realize home equity immediately. This means that the value of a property increases as the mortgages are paid.” One of the beneficiaries of the Panalo Max offer is Leonardo Betita of Bo. Handumanan, Bacolod City. “I have seven kids...
(The Mindanao Bulletin and Sapol News Bulletin) Pioneer mortgage servicing company BFS continues to provide ways to reach Balikatan accountholders throughout the country. Since assuming the Balikatan portfolio of 52,000 delinquent accounts from the National Home Mortgage Finance Corporation (NHFMC) in 2006, BFS has been working to resolve these long-standing housing loan obligations. BFS has regional coverage that relies on field coverage employing a strategy of periodic face-to-face visits conducted by qualified account specialists, bringing the BFS office to its clients, so to speak. For its Mindanao outreach program, BFS account specialists recently conducted door-to-door visits in General Santos City to discuss resolution programs, pricing, and special offers, including its Panalo Max campaign. Panalo Max is BFS’ most recent offer of affordable settlement pricing to qualified borrowers including 100% waiver of penalties, up to 100% interest condonation, and in some instances, even settlement amounts below principal. “Conducting these monthly field visits is strategic to us rather than just relying on our physical brick and mortar presence and online coverage. Our accounts are widely dispersed throughout the country. We go to our borrowers and do not wait for them to come to us. Borrowers, in fact,...
(Abante Tonite) Since its initial offering to qualified Balikatan borrowers in April 2012, BFS Panalo Max paved the way for thousands of borrowers to settle their existing housing loans and eventually own their homes. Administered by pioneer mortgage servicing company BFS, Panalo Max presents special discounts based on the unique status of each qualified account. “Panalo Max entitles qualified borrowers to avail of massive discounts to resolve their outstanding housing loans,” explains BFS President Federico Y. Cadiz Jr. “Because of these discounts, qualified borrowers may actually resolve their loans for even below the principal loan amount and without having to pay for interest or penalties.” BFS is extending Panalo Max, taking into account the recent calamities that have affected millions of Filipino families. “The special offer accorded to qualified borrowers under Panalo Max is consistent with BFS’ resolution philosophy, which is to provide positive home equity for Filipinos,” continues Cadiz. “BFS is attuned to the realities faced by borrowers, including financial and social realities, and find ways to work with them.” Since BFS took over a highly delinquent portfolio of 52,000 accounts from the National Home Mortgage Finance Corporation (NHFMC) in 2006, more than...
(Sunstar Cebu) Since its initial offering to qualified Balikatan borrowers last April 2012, BFS’ Panalo Max has paved the way for thousands of borrowers to settle their existing housing loans and eventually own their homes. Administered by pioneer mortgage servicing company BFS, Panalo Max presents special discounts based on the unique status of each qualified account. “Panalo Max entitles qualified borrowers to avail of massive discounts to resolve their outstanding housing loans, explains BFS President Federico Y. Cadiz Jr. “Because of these discounts, qualified borrowers may actually resolve their loans for even below the principal loan amount and without having to pay for interests or penalties.” Following the results of its initial run, BFS is extending Panalo Max, taking into account the recent calamities that have affected millions of Filipino families, including qualified Balikatan borrowers, whose properties may have been affected by severe flooding in certain parts of the country. To date, the bulk of Balikatan borrowers who have resolved their housing loans are located in Metro Manila, Cavite, Bulacan, Laguna, Rizal, Pampanga, Batangas, Cebu, Davao, Cagayan de Oro, South Cotabato, Bacolod and...
