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The National Home Mortgage Finance Corporation has warned its housing loan beneficiaries against those who are posing as accredited agents or brokers of the housing agency purportedly to expedite the restructuring of the borrowers’ housing loan obligations with NHMFC.

Fermin Arzaga, NHMFC officer-in-charge and executive vice president, aired the warning following complaints against some individuals who have reportedly been conducting unauthorized activities - including seminars, loan collection and accreditation - in connection with NHMFC’s loan restructuring program.

“As a general rule, NHMFC does not authorize third parties to undertake any of its loan servicing or collection-related functions, such as restructuring, property sales, agent hiring, brokerage, cash of fee collection of any kind, seminars or any accrediting services for our loan restructuring program,” Arzaga announced.

Only NHMFC loan borrower-beneficiaries are allowed to transact for their housing accounts directly with the NHMFC head office or any of its zonal/satellite offices.

“In the absence of borrowers, their duly-authorized immediate relatives may be allowed to do it for the borrowers without the need of any intermediary persons or groups,” Arzaga said.

“Any payments or transactions made by or through groups, organizations or associations purporting to represent the borrowers shall be deemed unauthorized and shall not bind NHMFC for any liability that may result,” Arzaga also warned.

Instead, all payments shall be made either by salary deduction by authorized employers at NHMFC offices, or through NHMFC-authorized collecting banks: Philippine National Bank, Development Bank of the Philippines, Land Bank of the Philippines, and PCI-Equitable Bank.

Neither NHMFC nor the eventual buyer of loans will be liable for payments outside NHMFC or its authorized banks.  — Jasmin R. Uy/LPM