Safeguard Properties

<- Return To Featured Resources

Fannie Mae Single Family Servicing News: Visit us at MBA Annual 2016

Investor Update
September 28, 2016

Visit Us at MBA Annual 2016 — Walk Right In, Engage With Us

Simple. Open. Certain. That’s how you’ll find us at the center of the HUB at MBA’s Annual Convention and Expo, October 23 – 26, in Boston. Whether you have a specific question, or want to find out about the next big thing, you won’t be able to miss us. We’ll have information, experts, and personal attention — all for you. We’re grateful for your business and excited to meet with you to talk about solutions and technologies to transform your business. 
 
AAA Matrix Updates

The AAA Matrices for all judicial foreclosure states have been updated to add information regarding a Motion to Dismiss Foreclosure in the Standard Excess Fees section. Additionally, all AAA matrices have been updated to remove all references to the nonroutine_litigation@fanniemae email address. The updated versions will be available on the Fannie Mae business website on October 3. Servicers may access these documents on the Fannie Mae business website by logging in with their valid user ID and password (or contact their Technology Manager Administrator for access assistance). 

Updates to Title Cost Line Items in LoanSphere Invoicing

Fannie Mae Expense Reimbursement has added new Title Cost line items to the available list of line items in LoanSphere Invoicing™. The new line items Category and Subcategory are outlined below.

These line items will require that the From Date be populated when submitting a claim in LoanSphere Invoicing:

  • Title Costs Cateogry 9
  • Subcategory 813: Title Costs – Foreclosure
  • Subcategory 814: Title Costs – Modification

These existing line items below will require that the From Date to be populated when submitting a claim in LoanSphere Invoicing:

  • Title Costs Cateogry 9
  • Subcategory 805: Title Costs – Deed-in-Lieu of Foreclosure
  • Subcategory 806: Title Costs – Bankruptcy

Note: The From Date should represent the date the Title expense was incurred/completed.

Effective November 28, the following line items below will be deactivated and will no longer be available to Servicers:

  • Cost of Title Examination/Abstract 50
  • Subcategory 801: Title report (uninsured) – Foreclosure
  • Subcategory 802: Title report (w/required insurance) – Foreclosure
  • Subcategory 803: Title Update – Foreclosure
  • Subcateogry 804: Other/Misc Title Costs
  • Subcateogry 807: Title Update – Other

Reference the Servicer Expense Reimbursement Line Items in LoanSphere Invoicing document for a list of all Servicer expense categories and subcategories for conventional loans that are available in BKFS LoanSphere Invoicing.

If you have any questions or concerns related to the LoanSphere Invoicing Line Items, please submit your inquiry to expensereimbursement_lineitemconsolidationproject@fanniemae.com. 

Request for Release/Return of Documents Updated

Fannie Mae has recently published an updated Request for Release/Return of Documents (Form 2009).

Please note that changes made to the form include:

  • Removal of the requirement to list the Fannie Mae Pool Number
  • Addition of two new reasons for requesting documents
  • Transfer of Servicing
  • Transfer to Separate Custodial Agreement
  • Addition of one new reason for retaining documents
  • Foreclosure Complete

The instructions for completing Form 2009 have also been updated. The servicer is authorized to begin using the updated form immediately. 

Updated HSSN Job Aids Now Available

Updated HomeSaver Solutions® Network (HSSN) job aids have been published on the Servicing Training page. The updates reflect the changes made in Asset Management Network (AMN)/HSSN Release 22.0. Information on uploading large PDF files and the Servicer Evaluation Date field, updated screen captures and additional campaign codes can be found in the following job aids:

Future Changes to Investor Reporting – All Servicer Forum

Please plan on attending the upcoming Future Changes to Investor Reporting – All Servicer Forum. During the October forums we will provide a more detailed overview of the Transaction Type 96 loan activity summary reporting.

We are offering two sessions: October 27 at 2:30 p.m. ET and October 28 at 2:30 p.m. ET.

Who Should Attend?
Every servicer who does business with us. To accommodate your busy schedule, we will host two sessions each month covering the same topic and materials at each session. Simply pick the date that works best for your schedule. Register today, as space is limited. Be sure to forward this invitation to others in your organization who would also benefit from these forums.

Learn More
Visit the Future Changes to Investor Reporting web page for the latest information and resources. Questions? Contact your Servicer Integration Lead or email call-in_information@fanniemae.com. 

You may also be interested in…

Will Slow Growth Persist for the Remainder 2016?
With events like the Brexit announcement behind us the good news is that housing continues to grow, according to Doug Duncan, Fannie Mae’s chief economist. Read more

Can Higher Education Help Boost Homeownership?
The latest research on the relationship between a college degree and homeownership confirms that education is a key factor in determining who is likelier to buy a home. Read more

A Louisiana Builder Shares Why Homes in His Area Are in Short Supply
After hurricanes and an oil spill, this year may be the best in a decade for builder Randy Noel (pictured right) of southern Louisiana. Read more

Receive regular content updates by registering at the sites.
 
Recent Tweets

Watch online as @SCClemons interviews our CEO Tim Mayopoulos @ #ATLX. Friday, 3:45 p.m. ET:
http://theatln.tc/2ds11ge

September 28
 
Stay on top of our latest servicing announcements, lender letters, and notices:
http://bit.ly/2dprxqz

September 27

Source: Fannie Mae

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