(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...
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 thankful to all the staff of BFS, as they had helped me immediately settle my account.” Looking back at her experience, Mrs. Policarpio reflects on...
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 finally resolve their housing loan problems before the Panalo Max offer period expires.” BFS continues to provide individualized loan resolution schemes to borrowers under its serviced Balikatan portfolio, with the ultimate goal of helping them fully own their homes. This is in line with BHFI’s goal to reach out and help Filipinos attain security and home equity through loan resolution thereby helping to improve...
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 interests 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 finds ways to work with them.” Since BFS took over a highly delinquent portfolio of 52,000 accounts from the National Home Mortgage Finance Corporation (NHMFC) in 2006, more than 23,000 families have...
