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D O C U M E N T A T I O N DEPARTMENT. The Six (6) deparment of finbar realty & devt . Corp. ADMIN DEPARTMENT. MARKETING DEPARTMENT. ACCOUNTING DEPARMENT. ENGINEERING DEPARTMENT. DOCUMENTATION DEPARTMENT. PROPERTY MANAGEMENT. Role of Documentation Department
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D O C U M E N T A T I O N DEPARTMENT
The Six (6) deparment of finbar realty & devt. Corp. ADMIN DEPARTMENT MARKETINGDEPARTMENT ACCOUNTING DEPARMENT ENGINEERING DEPARTMENT DOCUMENTATION DEPARTMENT PROPERTY MANAGEMENT
Role of Documentation Department • TO ACCREDIT FINBAR REALTY & DEVT. CORP. (FRDC )TO PAG-IBIG FUND 1. Preparation of MEMORANDUM OF AGREEMENT (MOA) for Funding Commitment Line (FCL) to PAG-IBIG FUND (HDMF). • Basis of FCL - Projection of Sales is needed for the Commitment Fund Line of HDMF 2. Preparation of Technical Requirements for APPPRAISAL of the project. • To collates all technical requirements such as the cost estimates and bill of materials and the updated Pricelist of the Project. 3. Preparation of Folders Account for Housing Loan Application. Need to evaluate and to pre-qualify buyer’s folders if qualified for the 80% collateral of the total cost selling price of the units. 4. Preparation of Folders Account at Technical Dept of HDMF for the purposes of Technical inspection. Need to prepare Folders for Technical inspection at Pag-ibig Fund and to schedule Buyers for Punch listing and orientation to Property Management. DOCUMENTATION DEPARTMENT
TO ACCREDIT FRDC TO BANK FINANCING SCHEME • Preparation of Technical Requirements for APPPRAISAL • of the project. • To collates all technical requirements such as the cost estimates and bill of materials and the updated Pricelist of the Project. • Preparation of Buyers Folders Account for Housing Loan Application. • Need to evaluate and to pre-qualify buyer’s if qualified for the 80% collateral of the total cost selling price of the units. • Preparation of Buyers Folders Account for Punch listing and • Orientation for the purpose of Technical inspection at • the Banks.
FRDC’S REQUIRED REQUIREMENTS FOR IN-HOUSE, CASH PAYMENT AND DEFFERED CASH PAYMENT SCHEME.
What is the No.1 important REMINDER ONCE WE ARE OFFERING BANK AND PAG-IBIG financing scheme?
NO.1 IS……… • PRE-QUALIFYING!!!! • WHAT TO DO???? • TO COMPUTE…. TO COMPUTE…. OF WHATTTTT?????? • the UNIT YOU!!!!!!! We!!!! ARE SELLING……… • HOW CAN You!!! WE!!!! • QUALIFY THE UNIT YOU!!! WE!!!! ARE SELLING????? • AND WHAT KIND OF FINANCING???? Important reminder:
LOAN TERM COMPUTATION SAMPLE OF DATE OF BIRTH: DATE OF BIRTH: JANUARY 11, 1971 AGE: 39 COMPUTATION: 70 - 39 31 LOAN TERM APPLICABLE: 30 YTP
TACKING PROVISION MAXIMUM OF THREE (3) QUALIFIED MEMBERS WHO ARE RELATED WITHIN THE SECOND DEGREE OF CONSAGUINITY: COMBINED INCOME: MARRIED: SPOUSE & UNMARRIED CHILDREN SINGLE: PARENTS CO-BORROWER MARRIED: PARENTS, BROTHERS AND SISTERS SINGLE: BROTHERS AND SISTERS
LIST OF REQUIREMENTS • FOR PAG-IBIG FINANCING SCHEME: • Two (2) years Membership for OCW and LOCAL active Members of Pag-IBIG Fund (HDMF) • Original Copy of Latest Certification of Employment and Compensation • Latest Contract Employment and Certified by POEA for OCW with attachment of original copy of Certificate of Employment and Compensation. • Latest One (1) Month Payslip • Latest Income Tax Return (ITR)
Photocopy of Latest Residence Certificate • Service Records – for Gov. Employee • Membership Status Verification Slip • (MSVS) • 9. Evaluated Status Accumulated Value • (ESAV) or Total Accumulated Value (TAV) • 10. Preliminary Loan Counselling • Questionnaire (PLCQ) • 11. Birth Certificate (BC) • 12. Marriage Contract (MC)
LATEST TWO (2) VALID ID’s – Photocopies • Only • - Company ID • - Passport Copy • - Drivers License • - SSS ID Card • - TIN ID Card • - PHILHEALTH ID CARD • - Postal ID • Special Power of Attorney (SPA) • Court Decision or Affidavit for Separated Husband & Wife
Latest Three (3) Pcs 1 x 1 ID picture • Post Dated Checks for the Monthly Amortization of Pag-Ibig Fund (24 pieces) • Post Dated Checks for Government Charges, Loan Charges and Move-In Fee (for Zero Downpayment) • Latest Proof of Billing (Any one: credit card, electric, phone, water bill, letter inscription or baranggay certificate.
FRDC’S CONTRACTS • Buyers Information Sheet • Reservation Agreement • Contract To Sell • Deed of Absolute Sale • OTHERS: • a. 60 post dated checks for equity payment • for Zero DP scheme • b. Government Charges / Loan Charges / • Move-In Fee • Notes: FRDC, HDMF, METROBANK, UNIONBANK, BDO RESERVES THE RIGHT TO REQUEST ADDITIONAL DOCUMENTS TO FACILITATE PROJECT LOAN EVALUATION PROCESS.
REMINDER!!!!!! THE GOAL FOR FINANCING SCHEME IS “WHICHEVER IS LOWER” IS THE BASIS OF COLLATERAL RATIO.
THE TRANSMISSION CYCLE OF REQUIREMENTS THE ENVELOPE OF INVESTMENT / MANAGERS AND SUPERVISOR WHAT TO DO?????
No. 1. For Every IM/IS – they have to collect all requirements of their BUYERs to their respective Agent then they will attached all requirements with Transmittal Slip (copy available at Documentation Department) in the envelope, then the envelope goes to the office of Ms. Loris & Ms. Vee for the transmission (have box in the office of of Ms. Loris & Ms. Vee).
No. 2. Schedule of Transmission of Envelope to the office of Ms. Loris & Ms. Vee started from 8:00 am to 2:30 pm, 3pm will pick-up the envelope by Mr. Agri to submit to Documentation Department. Notes: Ms. Vilma C. Garcia will release a Memo for this system.
SCHEDULE OF PUNCHLISTING & ORIENTATION OF THE BUYER 1ST SESSION: TUESDAY THURSDAY 9:00 A.M. to 11:00 A.M. SATURDAY 2ND SESSION: TUESDAY THURSDAY 1:00 P.M. to 3:00 P.M. SATURDAY
SCHEDULE OF COUNSELLING AT PAG-IBIG FUND EVERY THIRD SATURDAY OF THE MONTHS. WHAT TO DO?????? NO. 1. COORDINATE MS. GRACE CABONILLAS FOR THE LIST OF BUYERS ATTENDED IN THE COUNSELLING AT PAG-IBIG FUND. NEED TO NOTIFY MS GRACE THREE (3) DAYS AFTER BEFORE THE BUYER COMMITTED ON THE SCHEDULE OF COUNSELLING. NO. 2 MAXIMUM OF EIGHT (8) BUYERS IS NEEDED TO ATTEND AT THE COUNSELLING OF PAG-IBIG FUND. AS MUCH AS POSSIBLE PLEASE ADVISE BUYERS THAT THE PRIORITY FOR THE COUNSELLING IS THE PRINCIPAL BORROWER.