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VA: Circular 26-18-25: The Effect of Guaranty Claim Payments on Veteran Home Loan Entitlement

The U.S. Department of Veterans Affairs (VA) issued a circular providing clarification regarding a Veteran’s entitlement when a Department of Veterans Affairs (VA) guaranteed home loan is terminated by foreclosure, compromise sale (short sale), or deed-in-lieu of foreclosure (DIL) and a claim under the guaranty is paid.

30 Oct 2018

Nor’easter Brings Flooding, Power Outages from New Jersey to Maine

All Client Alert October 28, 2018 Source: The Weather Channel Additional Resource: NOAA Coastal County ZIP Code List (Northeast region) NOTE: This has not yet been declared a FEMA Disaster. Areas from New Jersey to Maine saw street flooding and power outages as a nor’easter raked the coast on Saturday. Tens of thousands of customers […]

28 Oct 2018

Super Typhoon Yutu, the Most Powerful Tropical Cyclone on Earth in 2018, Barrels Towards Northern Mariana Islands

Updated 10/26/18: On October 26, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu beginning on October 24, 2018 and continuing. Link to Industry Alert Updated 10/23/18: FEMA issued an Emergency Declaration for the Commonwealth of the Northern Mariana Islands due […]

26 Oct 2018

FEMA Declared Disaster Northern Mariana Islands

FEMA issued an update to a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu from October 24-26, 2018.

26 Oct 2018

VA: VALERI Servicer Newsflash

IMPORTANT INFORMATION Circular 26-18-23, Special Relief Following Hurricane Michael, was issued on October 15, 2018, and is located on the VALERI internet at https://www.benefits.va.gov/homeloans/servicers_valeri.asp. Reporting on Loans Impacted by Natural Disaster – Servicers should not report an Electronic Default Notification (EDN) event on current loans that are impacted by a natural disaster. The EDN event should only be […]

25 Oct 2018

Tropical Storm Florence Approach Prompts State-of-Emergency Declaration in North Carolina

Updated 10/25/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to All Client Alert Updated 10/24/18: FEMA issued an update to a Presidential Major Disaster Declaration for areas in North Carolina affected by Hurricane Florence from September 7-29, 2018. Link to […]

25 Oct 2018

Fannie Mae: Loan Servicing Data Utility (LSDU) is Live

Source: Fannie Mae (LSDU page) Introducing LSDU, a self-service tool offering servicers solutions for simplifying investor reporting and data exceptions. With near-real time data and improved accuracy, LSDU will save servicers time and transform business workflows. Get registered and learn more at LSDU for additional resources.

25 Oct 2018

FEMA Declared Disaster South Carolina

FEMA issued an update to a Presidential Major Disaster Declaration for areas in South Carolina affected by Hurricane Florence from September 8 to October 8, 2018.

24 Oct 2018

Fannie Mae: New Servicing APIs; SMDU Enhancements; and More

Check out the redesigned Developer Portal and new servicing APIs The redesigned Fannie Mae Developer Portal provides quick and easy access to our suite of API products, including this month’s new APIs: Loan-Level Draft Notifications, which returns draft notifications data for servicers from five existing Fannie Mae Connect™ reports, and Technology Services Invoices, which automates […]

24 Oct 2018

Hurricane Willa Likely to Bring Rain Accumulations to Texas

Source: ABC News Additional Resource: Safeguard Properties (Central Texas flooding) Safeguard Properties Disaster Update Center NOTE: This is not yet a FEMA Declared Disaster Hurricane Willa, a Category 4 storm, is taking aim at the Mexican coast and threatening to deliver life-threatening storm surge, wind and rain. Willa had strengthened to a powerful Category 5 storm Monday morning with 160 mph […]

23 Oct 2018

HUD: FHA INFO #18-43: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests

Today, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2018-08: Updated Guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 (CT-22) Assignment Requests. Read today’s Press Release. This ML provides consolidated and updated guidance regarding the submission of HECM assignment requests to the Department of Housing and Urban Development (HUD). It outlines the documentation and procedures […]

22 Oct 2018

Freddie Mac: Disaster-Related Forbearance Policy Added to Loan Coverage Advisor

Loan Coverage Advisor® has been updated to include the Disaster-Related Forbearance Policy for selling reps and warranties. Now you can track reporting events and Alternative Payment Plan (APP) information for disaster-impacted loans after August 25, 2017 that meet the policy requirements defined in Single-Family Seller/Servicer Guide (Guide) Chapter 1301.11, for greater insight into your rep and warranty […]

22 Oct 2018

Major flooding on Llano River Triggers Bridge Collapse Near Kingsland, Texas

Link to proclamation Link to associated county ZIP Code list All Client Alert October 17, 2018 Source: AccuWeather Additional Resources: Office of Texas Governor Greg Abbott (Governor Greg Abbott Issues Disaster Declaration For 18 Texas Counties In Response To Severe Weather And Flooding) Associated county ZIP Code list Approximate areas containing flooded homes: Texas Kingsland (Llano County, 78639) […]

19 Oct 2018

MHA: HAMP Update: Upcoming Changes to HMPadmin.com

In an effort to simplify accessibility of reporting documents on the Making Home Affordable Program Website (HMPadmin.com), the secure login access for participating servicers will be retired in January 2019. In preparation for this change, the following guides/forms have been moved to the Programs tab on the main page of the site under Loan Reporting […]

19 Oct 2018

FEMA Declared Disaster Kansas

FEMA issued a Presidential Major Disaster Declaration for areas in Kansas affected by severe storms, straight-line winds and flooding from September 1-8, 2018.

19 Oct 2018

Fannie Mae: Expanding Support for Disaster-Affected Homeowners

Updated Servicer Self-Assessment can help you improve processes We’ve updated the Servicer Self-Assessment to help you effectively manage the Fannie Mae loans you service and ensure that you meet our requirements. Two new sections, “Master Servicer Oversight” and “Shared Processes,” will provide additional guidance. Visit the STAR Program pageto find more resources, and contact your Fannie Mae account […]

18 Oct 2018

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

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Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

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COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

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CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

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Business Development

Carrie Tackett

Business Development Safeguard Properties