Marilene C. Acosta


Acting Chief Executive Officer
Pag-IBIG Fund (HDMF)

About

Acting Chief Executive Officer Marilene C. Acosta, Filipino, 61 years old, was appointed as head of Pag-IBIG Fund on 19 September 2022.


CEO Acosta, who hails from Narvacan, Ilocos Sur, is a certified public accountant and career public servant who has been with Pag-IBIG Fund for 41 years.


She also spearheaded the agency’s Home Lending Operations Cluster as Deputy Chief Executive Officer, focused on ably fulfilling one of the mandates of Pag-IBIG Fund of providing a home for every Filipino worker. Through her leadership, Pag-IBIG Fund has released the highest ever amount of housing loans in a single year. In 2021, Pag-IBIG Fund released P100.8 billion in housing loans, consisting of P97.3 billion in loan takeouts and P3.5 billion under interim releases, which granted 94,533 number of homes to benefit 102,938 Filipino workers.


Her efforts have been highly instrumental in allowing Pag-IBIG Fund to release the highest-ever amount of housing loans for any 5-year period in its history. From 2017 to 2021, Pag-IBIG Fund released P388.13 billion in housing loans, nearly doubling the P207.60 billion released from 2012 to 2016. This, in turn, benefitted a record-high 448,110 Filipino workers who secured new homes over the past 5 years, an impressive 58% increase from the 284,142 during the previous 5-year period.


Ms. Acosta also led the cluster in maintaining a healthy housing loan portfolio. This allows Pag-IBIG Fund to maintain a strong fiscal standing and keep its home loan interest rates low.


She has also led the implementation of several programs to help Pag-IBIG Housing Loan borrowers secure and keep their homes amid the pandemic. These include the grant of grace periods under the Bayanihan Acts I and II, the P10 billion stimulus package for the housing industry to ensure the continued production of housing units, special promo rates in July to December 2020 which encouraged and helped members in securing housing loans, Special Housing Loan Restructuring Programs and the Home Saver Programs which have allowed delinquent housing loan borrowers to update their accounts, among others.


Because of her outstanding work, Ms. Acosta was lauded as SHEro of the Year – Circle of Excellence Awardee by the Asia CEO Awards in 2020. She was also a Circle of Excellence Awardee for Executive Leadership Team of the Year from the same award body in 2022.


CEO Acosta is a Career Executive Service Officer V (CESO). She has earned 30 units towards a Master’s Degree in Public Administration from St. Louis College, and 15 units towards a Master's Degree in Business Administration from the University of the Cordilleras. She has also completed the Program for Development Managers from the Asian Institute of Management (AIM). CEO Acosta graduated from the University of Cordilleras with a degree on BSC-Accounting.

Experience

September 19, 2022 - Present

Acting Chief Executive Officer

Home Development Mutual Fund (HDMF)
August 31, 2017 – September 18, 2022

Deputy Chief Executive Officer

Home Lending Operations Cluster
Home Development Mutual Fund (HDMF)
March 15, 2017 – August 30,2017

Officer-in-Charge, Deputy Chief Executive Officer

Home Lending Operations Cluster
Home Development Mutual Fund (HDMF)
October 20, 2015 – March 14, 2017

Senior Vice President

Loans Operations Sector
Home Development Mutual Fund (HDMF)
February 03, 2014 – October 19, 2015

Officer-in-Charge, Senior Vice President

Home Lending Operations Sector
Home Development Mutual Fund (HDMF)
December 18, 2012 – February 02, 2014

Officer-in-Charge, Office of the Senior Vice-President

Home Lending Operations Sector
Home Development Mutual Fund (HDMF)
December 18, 2012 – February 02, 2014

Vice-President

North Luzon Group
Home Development Mutual Fund (HDMF)
February 01, 2011 – December 17, 2012

Vice-President

North Luzon Group
Home Development Mutual Fund (HDMF)
November 25, 2009 – January 31, 2011

Vice-President

Southern Luzon Group
Home Development Mutual Fund (HDMF)
August 23, 2007 – September 24, 2009

Head

Southern Luzon Group
Home Development Mutual Fund (HDMF)
February 20, 2006 – August 22, 2007

Officer-in-Charge

Southern Luzon Group
Home Development Mutual Fund (HDMF)
August 10, 1994 – February 19, 2006

Regional Manager II

La Union Regional Office
Home Development Mutual Fund (HDMF)

Affiliation

  • Member – Philippine Institute of Certified Public Accountant
  • Member - Government Association of Certified Public Accountants
  • Member – Alumni Association of the Asian Institute of Management
  • Member – NUCESO
  • Member - Association of Regional Executives (AREX) – Region I

Educational Background

POST GRADUATE

1992-1996, 30 Units, Master's Degree in Public Administration

Completed Academic Requirements
St. Louis College, San Fernando City

1982-1983, 15 Units, Master's Degree in Business Administration

University of the Cordilleras
(formerly Baguio Colleges Foundation) / St. Louis University
Baguio City

May 1999, Program for Development Managers (PDM)

Asian Institute of Management
(Non-Degree Course)
COLLEGIATE

1976-1981, BSC-Accounting

University of the Cordilleras
(formerly Baguio Colleges Foundation)
Baguio City
SECONDARY

1972-1976

Narvacan Catholic School
Narvacan, Ilocos Sur
ELEMENTARY

1970-1972

Sultan sa Barongis Elementary School
Sultan Kudarat

Eligibility

  • Career Executive Service Officer V - June 24, 1998
  • R.A. 1080, Certified Public Accountant
  • Civil Service – Professional - December 1981
  • Civil Service – Sub Professional - June 1979