Archives For: Investor and Regulatory Updates

FHFA: Foreclosure Prevention Report – February 2020

The Federal Housing Finance Agency (FHFA) issued its February 2020 Foreclosure Prevention, Refinance and FPM Report.

14 May 2020

HUD: Ben Carson Congratulates Brian Montgomery on Deputy Secretary Confirmation

HUD Secretary Ben Carson applauded the confirmation of Brian D. Montgomery to serve as department deputy secretary. As the second most senior official at HUD, Mr. Montgomery will manage the day-to-day operations of the agency and will advise and assist the secretary in leading the department’s nearly 8,000 employees.

12 May 2020

FHA Single Family Housing COVID-19 Q&A

HUD enhanced its COVID-19 FAQ resource to include expanded guidance for a variety of categories related to lending/servicing.

11 May 2020

HUD: Interagency COVID-19 Servicer Fact Sheet

HUD published an informational resource created for servicers with loans insured or guaranteed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) or Rural Housing Service (RHS).

6 May 2020

FHFA: New COO Announced

The Federal Housing Finance Agency (FHFA) announced that Kate Fulton will join the agency as chief operating officer on May 26.

27 Apr 2020

FHFA: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2019

The FHFA announced that it issued orders with respect to stress test reporting as of December 31, 2019, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, as amended by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

27 Apr 2020

VA: Circular 26-20-16: Guidance for Non-Compliant Interest Rate Reduction Refinance Loans

The U.S. Department of Veterans Affairs (VA) issued a circular outlining expectations regarding loans that fail to meet the statutory requirements set forth in section 309 of Public Law 115-174, The Economic Growth, Regulatory Relief, and Consumer Protection Act.

20 Apr 2020

VA: Circular 26-18-5: Property Management and Servicing Contract

The U.S Department of Veterans Affairs (VA) updated a circular providing details concerning operational matters related to VA’s REO and direct loan portfolio, also known as VA’s National Portfolio, performed by Vendor Resource Management under the VA REO and Portfolio Servicing Contract.

20 Apr 2020

VA: Circular 26-18-3: Acceptance of Properties

The U.S Department of Veterans Affairs (VA) updated a circular providing guidance on requests for execution of documents related tothe conveyance or reconveyance of properties to the VA secretary to provide specific details to those authorized to sign documents for the secretary.

20 Apr 2020

FHFA: Foreclosure Prevention Report – January 2020

The Federal Housing Finance Agency (FHFA) published its January 2020 Foreclosure Prevention, Refinance and FPM Report.

10 Apr 2020

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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