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Fannie Mae: New Co-Issue Report, Impacts to HSSN and SMDU, and More

Investor Update
June 7, 2017

New co-issue report can help you validate loan data

The new Whole Loan Co-Issue Purchase Detail File gives servicers loan-level data for loans purchased/sold through concurrent transfer of servicing, also known as co-issue transactions. This report will allow you to validate loan data received from sellers with what was purchased by Fannie Mae and to pursue corrections for any data discrepancies quickly. You can find this report in the Loan Delivery category in Fannie Mae Connect™.

Access to the report is granted by the Corporate Administrator or Report Administrator at your firm. For more information on Fannie Mae Connect, including the latest Release Tracker and Report Directory, demos, quick tips, and training, visit the Fannie Mae Connect web page. If you have questions, email fanniemae_connect@fanniemae.com. 

Impacts to HSSN and SMDU June 17-18

We’ll be making changes to investor reporting during the weekend of June 17, and information between our systems may not be synchronized during that time. To avoid exceptions, we recommend delaying case creation and closing from 12 a.m. ET, Saturday, June 17, until 8 a.m. ET, Sunday, June 18. This recommendation is intended for those who use Servicing Management Default Underwriter™ (SMDU™) Case Management functionality to create HomeSaver Solutions™ Network (HSSN) cases, as well as those creating cases directly on HSSN. Note that XML bulk file submissions for HSSN submitted during this timeframe will be held and processed on Monday, June 19. SMDU Auto Decision is not impacted; SMDU will remain available per the usual availability schedule. 

Washington AAA Matrix update

A correction has been made to the Washington E-Note Foreclosure fee effective dates. To view the updated matrix, visit the Excess Attorney Fee/Cost Guidelines page. 

We’re celebrating National Homeownership Month

June is National Homeownership Month and we’ll be celebrating all month on social media. Follow us on Twitter, LinkedIn, and Facebook as we highlight industry trends and stories you may want to share with your borrowers. Chime in to tell us how you’re celebrating!  

Attend a Duty to Serve webinar

Learn more about Fannie Mae’s proposed Underserved Markets Plan, including our proposed actions to help the manufactured housing, affordable housing preservation, and rural housing markets identified by the Federal Housing Finance Agency’s Duty to Serve rule. Click here to add the webinar to your calendar and join us on Thursday, June 8, 3-4 p.m. ET. To learn more about Duty to Serve, visit our Duty to Serve page.  

Looking for free loss mitigation training? Attend a live webinar

Did you know that Fannie Mae provides participating servicers with free loss mitigation training? Our Know Your Options™ Customer CARE (Connect, Assess, Resolve, and Execute) team will present two live webinars in June. Sign up to learn how to leverage your own servicer model to develop rapport and establish consultative customer relationships, communicate more effectively with borrowers about their options to avoid foreclosure, increase your workout percentage, and more. Learn more and register today.    

Join us at these upcoming events:

  • June 13-16 | NAFCU 50th Annual Conference and Solutions Expo | Honolulu, HI
  • June 14-16 | Optimal Blue Client Conference | Plano, TX 

View all events.

You may also be interested in…

Pulitzer Prize winning author discusses America’s alarming housing affordability crisis
Affordability and promoting healthy living in multifamily housing were key themes at DUS 2017, Fannie Mae’s annual meeting with its Delegating Underwriting and Servicing lenders. Read more

The cost of home is big but not easy for residents of New Orleans
Exhibit chronicles the housing struggle faced by residents of New Orleans — which has the second least affordable housing market in the country. Read more

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Recent Tweets

Head into #NationalHomeownershipMonth with the facts on our consumer housing sentiment report:
http://bit.ly/2rCSIb2

June 3
 
We don’t just want to help families get into homes — we want to help them stay there.
http://bit.ly/2szrhvX

June 2

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