Archives For: Investor and Regulatory Updates

Fannie Mae: Reminder to Homeowners and Servicers of Mortgage Assistance Options for Areas Affected by the California Wildfires

Fannie Mae issued a press release reminding those impacted by the California wildfires of the options available for mortgage assistance.

7 Aug 2018

FHFA: Foreclosure Prevention Report – May 2018

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

7 Aug 2018

FHFA: Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests Announced

The Federal Housing Finance Agency (FHFA) issued a news release announcing the availability of a report providing the results of the annual stress tests Fannie Mae and Freddie Mac are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

7 Aug 2018

MHA: Important Information on the HAMP? Reporting Tool and SSL Certificates

Making Home Affordable (MHA) issued an update offering information pertaining to the HAMP Reporting Tool and SSL certificates.

6 Aug 2018

USDA: Lender Electronic Status and Default Status Correction Requirement

The U.S. Department of Agriculture (USDA) issued a notification reminding USDA Guaranteed Loan Servicers of the new Electronic Status Reporting enhancement.

6 Aug 2018

Fannie Mae: AAA Matrix Updates

Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are revised AAA matrices that contain foreclosure-related title cost guidance issued on June 6, 2018, which will be effective for referrals on or after Sept. 1, 2018.

1 Aug 2018

HUD Approves $1.5 Billion Disaster Recovery Plan in Puerto Rico

The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing an approved plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria.

30 Jul 2018

Fannie Mae: Updated Forms 2009 and 2017; and More

Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included are updates pertaining to Forms 2009 and 2017.

25 Jul 2018

FHFA Statement on HOA Super-Priority Lien Foreclosures

Bradley Arant Boult Cummings LLP published a blog authored by associates Stephen Parsley and R. Aaron Chastain. In it, three recent decisions pertaining to the ongoing issue of HOA Super-Priority Liens in Nevada are discussed.

19 Jul 2018

Fannie Mae: MI Termination Updates; Disaster Policy Reminder Lender Letter; and More

Fannie Mae issued a release highlighting information relevant to servicers and sellers. Included is Lender Letter LL-2018-04, which contains a number of disaster policy reminders and updates.

18 Jul 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.

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