Archives For: Investor and Regulatory Updates

Fannie Mae: Missouri River Flooding Mortgage Assistance Options

Fannie Mae issued a news release reminding homeowners and servicers impacted by flooding across the Missouri River Basin of available mortgage assistance options.

27 Mar 2019

HUD: FHA INFO #19-09: Single Family Housing Policy Handbook 4.0001 Versions 5.0 and 5.5 Updated

The U.S. Department of Housing and Urban Development (HUD) announced updates to versions 5.0 and 5.5 of Single Family Housing Policy Handbook 4000.1.

27 Mar 2019

OCC: Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Flooding in the Midwest

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators issued a joint statement encouraging financial institutions operating in affected Midwest flood areas to meet the financial services needs of their communities.

25 Mar 2019

OCC: Mortgage Performance Improved in Fourth Quarter of 2018

The Office of the Comptroller of the Currency (OCC) issued its fourth quarter 2018 Mortgage Metrics Report.

22 Mar 2019

FHFA: Foreclosure Prevention Report

The Federal Housing Finance Agency (FHFA) issued its fourth quarter 2018 Foreclosure Prevention Report.

21 Mar 2019

Fannie Mae: AMN/HSSN Enhancements Coming

Fannie Mae announced upcoming Asset Management network (AMN)/HomeSaver Solutions Network (HSSN) updates scheduled for March 23, 2019.

21 Mar 2019

HUD: FHA INFO #19-08: Training Opportunities

The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #19-08.

15 Mar 2019

FHFA: Refinance Report

The Federal Housing Finance Agency (FHFA) issued its January 2019 Refinance Report.

14 Mar 2019

Freddie Mac: FHLMC Guide Bulletin 2019-6

Freddie Mac issued a release announcing updates to requirements for REO properties, changes to the Servicer Success Scorecard and a new servicer recognition program.

13 Mar 2019

Freddie Mac: UMBS to be Issued Based on Revised TBA Guidelines

Freddie Mac issued a release announcing that they are set to issue the first Freddie Mac 55-day payment delay, TBA-eligible Uniform Mortgage-Backed Security™ (UMBS™) on June 3, 2019.

11 Mar 2019

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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.

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.

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.

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.

Business Development

Carrie Tackett

Business Development Safeguard Properties