Archives For: guidance

NYDFS: Fees Paid to Register Mortgages in Default Guidance

The New York State Department of Financial Services (NYDFS) issued guidance to state-regulated mortgage lenders and servicers pertaining to fees paid to register mortgages in default. The guidance outlines a compliance requirement for mortgagees under the supervision of the NYDFS to remove and reverse any and all registration fees charged to the mortgagor’s account for properties registered in the State of New York.

1 Sep 2020

Duffy & Perlmutter Introduce CFPB Transparency Legislation

The office of U.S. Representative Sean Duffy (R-WI) issued a press release announcing the introduction of H.R. 5534 (GUIDE Compliance Act), which aims to bring more transparency to the Consumer Financial Protection Bureau’s (CFPB) guidance process.

17 Apr 2018

OCC: Examiner Guidance for Institutions Affected by Major Disasters Released

The Office of the Comptroller of the Currency (OCC) issued a news release announcing the release of guidance that outlines supervisory practices for assessing the condition of institutions directly affected by a disaster that results in a presidential declaration of a major disaster.

15 Dec 2017

HUD Looks to the Courts for Guidance on Eminent Domain

On February 13, National Mortgage News published an article titled HUD Looks to the Courts for Guidance on Eminent Domain.

13 Feb 2014

Freddie Mac Update: Exhibit 57 1-4 Unit Property Expense Amounts

In January, Freddie Mac revised Exhibit 57 1-to 4-Unit Property Approved Expense Amounts.

7 Feb 2014

MHA Outreach and Intake Project Extension

On January 21, Making Home Affordable (MHA) announced an extension to the Making Home Affordable Outreach and Intake Project.

21 Jan 2014

Federal Reserve Releases Guidance Holding Banks Responsible When Using Service Providers

On December 5, The Federal Reserve Board released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.

6 Dec 2013

MHA SD 13-11: Handbook Mapping for CFPB Mortgage Servicing Regulations

On November 15, the Making Home Affordable Program (MHA) released Supplemental Directive 13-11: MHA Handbook Mapping for CFPB Mortgage Servicing Regulations Guidance.

18 Nov 2013

CFPB Provides Additional Guidance on Mortgage Servicing Rules

On October 16, DSNews published an article titled CFPB Offers Additional Guidance on Mortgage Servicing Rules.

16 Oct 2013

FHLMC Guide Bulletin 2013-19 Guidance Regarding Government Shutdown

On October 7, Freddie Mac released an update titled Guidance Regarding Changes Relating to Federal Government Shutdown Announced in Guide Bulletin 2013-19.

8 Oct 2013

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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.

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