Safeguard Properties

<- Return To Featured Resources

Fannie Mae: LAR 83 Changes Coming Soon; New Fraud Alert in California; and More

Investor Update
May 30, 2018

Source: Fannie Mae

Coming soon: Changes to LAR 83 processing

We are Simplifying Servicing by introducing a change to Loan Activity Reporting (LAR) 83 payment recast processing. This change, which will go into effect July 21, will allow servicers to request a change to the borrower’s monthly mortgage payment resulting from a curtailment in the current reporting period on Scheduled/Scheduled loans, with an effective date of the subsequent month. This means servicers will now be able to report LAR 96 and LAR 83 transactions with the changed P&I constant in the same month.

No action is required by servicers and we’ll provide a detailed example 30 days before the change goes into effect. If you have questions about this upcoming change, please contact Master Servicing at 1-800-2-FANNIE.

New fraud alert: Misrepresentation of Borrower Employment

We have issued a new fraud alert identifying 34 apparently fictitious employers being used on loan applications in Southern California. View the fraud alert and other resources on our Mortgage Fraud Prevention page.

We’re working to innovate America’s housing

Data and innovation drive progress. We believe that forward motion — coupled with our efforts to work hand-in-hand with lenders, servicers, investors, and other housing partners — is helping create safe, affordable housing for more Americans. Read more about how we’re addressing the challenges and leveraging the opportunities that come with adoption of new technologies, creating new opportunities in housing, serving the communities that serve America, and more in the 2017 America’s Housing Partner report.

Join us at these upcoming events:

  • June 5-6 | Indiana MBA State Convention | Indianapolis
  • June 6-8 | LendingQB User Conference | Newport Beach, CA
  • June 19-22 | NAFCU Annual Conference and Solutions Expo | Seattle

View more events.

You may also be interested in…

The Fight for Fair Housing
To commemorate the 50th anniversary of the Fair Housing Act and to explore its legacy, Fannie Mae interviewed civil rights activists and housing policy experts about the Act’s history and its future. Read more

Receive regular content updates by registering at The Home Story.

Recent Tweets

Discover how a shared-risk model has enabled speed, certainty, and better pricing in multifamily mortgage financing. #PartnersForHousing
http://bit.ly/2shYDld

May 29

See the positive impacts @nvtrp is having on a child’s life, and how some of our employees were able to play a part. #7Days2SERVE
http://bit.ly/2sfwdZa

May 29

Related Posts

HUD Allocates More than $2 Billion to Advance Equitable Disaster Recovery, Build Climate Change Resilience

The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery and CDBG-Mitigation funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act, signed into law on September 30, 2021.

Read More

HUD Employees Receive Management Excellence Award

A group of U.S. Department of Housing and Urban Development employees on Thursday were awarded the 2021 Samuel J. Heyman Service to America Medals.

Read More

<- Back To Newsroom Next Article ->

Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing our website, you agree to our use of cookies.

x

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.

x

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.

x

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.

x

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.

x

Business Development

Carrie Tackett

Business Development Safeguard Properties