(Business World) Since acquiring 52,289 highly delinquent residential loans from the National Home Mortgage Finance Corporation in 2005, BFS has helped thousands of borrowers become homeowners. To provide resolution options, BFS continues to exhaust efforts to reach borrowers through various information campaigns, the establishment of five offices and several communication platforms. Shares Juno Henares-Chuidian, Head of Corporate Communication, “To reach our borrowers and give them the opportunity to contact us, we send out letters, call and text through phone, distribute newsletters and flyers, and even introduced a real-time online service on our website called B-Online.” Account specialists also visit homes and do field processing. “These engagements provide an opportunity for borrowers to clarify their account status onsite, and makes them realize how much we want to help them achieve closure.” Panalo Max, a recent promotion, condoned 100% penalties and up to 100% interest for qualified borrowers. One such borrower is Lorena Moral of Pacita Complex in Laguna. “My house means a lot to me. BFS is proof that our housing loan problems can be addressed if we are serious about resolving.” BFS has helped nearly 24,000 families address their long-standing housing loans and will...
(Dyaryo Ngayon) Mula nang maging tagapamahala ng isang residential loan portfolio na may 52,000 highly delinquent accounts mula sa National Home Mortgage Finance Corporation (NHMFC) noong 2006, ang mortgage servicing company na BFS ay patuloy na nagpapatupad ng mga best asset management practices. Sa pamamagitan ng kanilang property management unit, pinangangasiwaan ng BFS ang daan-daang abandoned o foreclosed properties na matatagpuan sa 200 barangay sa buong Pilipinas. Pinamamahalaan ng BFS ang lahat ng aspeto ng property management, upang matiyak ang marketability ng mga ari-arian na ito. Nakikipagtulungan ang BFS Property Management Services sa iba’t ibang service partners na siyang nagpapadala ng mga tagapangalaga at tagapagpanatili ng seguridad ng mga ari-ariang hawak nito. Dahil dito, nakakatulong sa paggawa ng trabaho ang BFS, at nakasisiguro na mas maayos ang pakikipag-ugnayan ng mga komunidad at ng mga awtoridad sa pag-aalaga ng mga ari-arian laban sa illegal occupancy. Tinitiyak din ng BFS Property Management Services na ang mga ari-arian ay nasa mabuting kundisyon. Nire-repair ang mga ari-arian kung kinakailangan, upang maiwasan ang pagkasira. Dahil dito, nase-secure ang property insurance, nababayaran ang real property taxes, at nalalagyan ng kuryente at ibang utility services ang mga ito. Ang lahat ng...
(Philippine Daily Inquirer) BFS Panalo Max offer has aided thousands of qualified borrowers in owning their homes. Panalo Max is extended by pioneer mortgage servicing company BFS, which assumed a portfolio of 52,000 highly delinquent accounts from the National Home Mortgage Finance Corporation (NHMFC) in 2006. Extended up to January 31, 2013, Panalo Max allows qualified borrowers to avail of a good offer, with 100% of penalties and up to 100% of interest effectively waived. “I’m grateful to be given the opportunity to fix a long-standing problem in paying off our mortgage,” says Leonida Palman of Dasmarinas, Cavite. Leonida Palman (left) celebrates as she is presented her Transfer Certificate of Title by BFS account specialist Ann Dechavez. Palman was able to own her home through BFS’ Panalo Max offer. Lorena Moral of Pacita Complex, San Pedro, Laguna shares, “BFS is proof that our housing loan problems could be addressed if we are serious about resolving. I’m glad I finally have the title to my house,she says. Lorena Moral (left) is awarded her Transfer Certificate of Title by BFS Account Specialist Jackie Aribon. Moral is one of thousands of beneficiaries of BFS’ Panalo Max...
(Abante) Mula nang maging tagapamahala ng isang residential loan portfolio na may 52,000 highly delinquent accounts mula sa National Home Mortgage Finance Corporation (NHMFC) noong 2006, ang mortgage servicing company na BFS ay patuloy na nagpapatupad ng mga best asset management practices. Sa pamamagitan ng kanilang property management unit, pinangangasiwaan ng BFS ang daan-daang abandoned o foreclosed properties na matatagpuan sa 200 barangay sa buong Pilipinas. Pinamamahalaan ng BFS ang lahat ng aspeto ng property management, upang matiyak ang marketability ng mga ari-arian na ito. Nakikipagtulungan ang BFS Property Management Services sa iba’t ibang service partners na siyang nagpapadala ng mga tagapangalaga at tagapagpanatili ng seguridad ng mga ari-ariang hawak nito. Dahil dito, nakakatulong sa paggawa ng trabaho ang BFS, at nakasisiguro na mas maayos ang pakikipag-ugnayan ng mga komunidad at ng mga awtoridad sa pag-aalaga ng mga ari-arian laban sa illegal occupancy. Tinitiyak din ng BFS Property Management Services na ang mga ari-arian ay nasa mabuting kundisyon. Nire-repair ang mga ari-arian kung kinakailangan, upang maiwasan ang pagkasira. Dahil dito, nase-secure ang property insurance, nababayaran ang real property taxes, at nalalagyan ng kuryente at ibang utility services ang mga ito. Ang lahat ng ito’y...
(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...
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...
