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Fannie Mae: Servicing eNotes

Investor Update
November 13, 2015

Servicing eNotes provides Servicers and Sub-Servicers many advantages to support a growing electronic lending marketplace. As lenders are focused on competitive advantage, operational efficiencies, and faster delivery to the secondary market, eMortgages are a viable solution. Servicing eNotes for your lender partners helps them achieve those goals.

Q&A
What is an eMortgage and/or eNote? A mortgage loan where the critical loan documentation, specifically the promissory note (called an eNote), is created, executed, transferred, and ultimately stored electronically.

Benefits and Features

Allows for quicker receipt of notes – instantly
Ensures accuracy of Note data and eliminates re-keying time and errors
More transparent and simpler identification and transfer of security interests
Eliminates lost original notes or unrecorded assignments
Reduces and/or eliminates shipping and storage costs
Servicing eNotes for Fannie Mae enables a seamless transition to a new servicer for MSR transfers
Connectivity to MERS® eRegistry provides complete access for the Servicer/Sub-Servicer to initiate changes
Immediate assignment of Servicer/Sub-Servicer on MERS® eRegistry during registration of the eNote
Assists in automating post-closing audit of eNote servicing data

Fannie Mae makes doing business easier through eNotes:

Fannie Mae supports our servicing partners who look to service eMortgages. eNotes enable efficient delivery and transfer of control while eliminating risks associated with paper notes.

SMARTDoc Format enables rigorous and standardized eligibility, compliance validation, and is recognized by all industry participants.
Unified system integration with MERS, Fannie Mae, Lender, Servicer, and Warehouse Banks.
Straightforward system-to-system testing and guided workflows.
The Guide to Delivering eMortgage Loans navigates Servicers through the process for servicing eNotes including step-by-step considerations.
An experienced eMortgage team is available to support your strategy and implementation of servicing eNotes.

For more Information go to FannieMae.com:
www.fanniemae.com/singlefamily/emortgage

Guide to Delivering eMortgages to Fannie Mae
eMortgage FAQs
MERS Website
… And more!

Source: Fannie Mae

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