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Fannie Mae: Flex Mod FAQs; eLearning and Webinars; LoanSphere Invoicing Update

Investor Update
August 2, 2017

New Flex Mod FAQs provide the answers you need

Check out the new Flex Modification FAQs for answers to common questions about the Flex Mod announced in December. Answers provide clarity on evaluating and responding to Borrower Response Packages based on when borrowers submit their packages, solicitation requirements, and more. Flex Mod, which offers servicers an easier, more flexible way of helping more borrowers qualify for loan modifications, will replace the current Fannie Mae Standard and Streamlined Modification with a single modification program on Oct. 1.

Just starting to work with us? Check out our new eLearning series for servicers

We’re launching a self-paced eLearning series designed to help new servicers better understand our processes and procedures. The first course — Introduction to Fannie Mae’s Servicing Guide — is now available. Additional courses, to be released in the coming weeks, will cover key servicing areas, including required forms, Fannie Mae systems, bankruptcy and foreclosure, and much more.

Register now for the August Servicer Support Center webinars

The August Servicer Support Center webinars are now accepting registrations. We’ll discuss SVC 2017-05 (Removal of Certain Breach of Contract Metrics), SVC 2017-06 (Property Preservation Inspection and Preservation Updates), the new design and features of Fannie Mae Connect™, and more! Training is recommended for general servicing, collections, foreclosure, default prevention, investor reporting, audit, and/or compliance personnel.

Register now for either Aug. 22 at 2:30 p.m. ET or Aug. 24 at 11:30 a.m. ET.

Changes to service date requirements for expense reimbursement in LoanSphere

Effective Nov. 1, the LoanSphere Invoicing™ application will require servicers to include service dates for the majority of expenses requested for reimbursement. Most expense line items will require a “Completed Date” (also known as the “Service From Date”). Some expenses will require the “Service From Date” and the “Service To Date.” Some expenses will not require any service dates. Review the Release Notes for more information on populating these date fields.

Join us at these upcoming events:

  • Aug. 20-22 | The Mortgage Collaborative Summer Conference | Nashville
  • Sept. 13-15 | New England Mortgage Bankers Conference | Newport, RI

View more events.

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Recent Tweets

@HousingWire recognizes two of our leaders as Women of Influence. Congratulations Nadine and Laurel! #HWWomen2017
http://bit.ly/2tVZMxT

Aug. 1

Since 2009, we’ve provided 1.9M loan modifications & other solutions to prevent foreclosure & help U.S. homeowners.
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July 31

Source: Fannie Mae

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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