Mortgage services provider BFS builds future for homeowners in the Philippines
As the Philippines’ first and only independent mortgage servicer, BFS promotes liquidity in capital markets by helping corporate and government clients effectively manage loan accounts
Real estate is booming in the Philippines, where strong macroeconomic fundamentals, sustained robust growth and a rosy economic forecast are inspiring home ownership confidence among the country’s young, expanding middle-class population.
With steady demand fuelling the growth of local real estate loans, which amounted to more than US$26 billion in the first quarter of 2016, pioneering multinational mortgage servicing specialist Bahay Financial Services (BFS) sees itself playing a crucial role in shaping the country’s socio-economic trajectory.
As the Philippines’ first and only independent mortgage servicer, BFS promotes liquidity in capital markets by helping corporate and government clients effectively manage loan accounts. Through a comprehensive platform of mortgage services – and an aptitude for resolving non-performing loan portfolios – the company provides even-handed solutions to mitigate debtor and creditor issues.
“A home is the most important investment, and it can only be affordably financed by monthly amortisations. But that’s not going to happen without the infrastructure that assures liquidity – and that’s our business model,” says Federico Cadiz, president. “We manage accounts from cradle to grave, focusing on customised mortgage servicing, because it gives us more power to create value and improve lives.”
Covering the entire mortgage servicing life cycle, the BFS platform combines comprehensive competencies in mortgage finance origination and credit underwriting, loan servicing, default management, property management and sales and secondary market development.
A home is the most important investment, and it can only be affordably financed by monthly amortisations
