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Freddie Mac: An Evolving Experience in Servicing Gateway

Investor Update
May 18, 2020

Source: Freddie Mac

The launch of Freddie Mac’s Servicing Gateway nearly six months ago transformed the way you access your servicing tools. We’re committed to helping you work faster and smarter through every stage of the servicing process.

Effective May 25, 2020, in response to Servicer feedback, we’ll implement the below updates to the Loan Level Reporting (LLR) and Cash Manager tools that will enhance the way you access certain reports and feature more information within them.

Report Automation

Beginning with the May cycle, the LLR Monthly Account Statement (MAS) Loan Level Detail report will be automated and available in LLR on business day 2 (BD2), June 2, 2020 (May cycle). Previously you received this critical monthly report via email. With this change you’ll also have access to your monthly loan-level details in Excel^® or CSV format directly within LLR.

Work Faster with More Details

The “Seller/Servicer Loan Number” will be added to the Cash Manager draft detail reports so you have the right information at your fingertips. The Servicer Number will also be present in the header of the draft detail reports. The following reports will feature this information:

Draft Detailed Report – Prior Cycle P&I Draft
Draft Detailed Report – Principal Only Draft
Draft Detailed Report – Liquidation Draft
Draft Detailed Report – Adjustment Draft (Servicer Number only)
Draft Detailed Report – Total
Draft Detailed Report – Monthly Total (see below)

In Cash Manager you’ll see a new draft report, “Draft Detailed Report – Monthly Total,” which will allow you to retrieve a monthly view of your data in an easy-to-use CSV format. Starting May 26, access this new report by clicking on the total draft amount for the given month on the Draft Summary report screen.

You continue to be the driving force behind our Reimagine Servicing^® initiatives – we’re listening to Servicer feedback all the time. We continue to make enhancements to our tools to equip you with dependable technology. Stay tuned as additional enhancements will be available in Servicing Gateway later this year including the addition of eBill and more.

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