Archives For: servicing guide

Fannie Mae: SVC-2020-03: Servicing Guide Updates

Fannie Mae issued a release announcing updates that simplify loss draft disbursement policies while balancing risk, revise post-disaster credit reporting requirements, authorize servicers to not send a payment reminder notice to borrowers in an active forbearance plan, and encourage servicers to make borrowers aware of the Disaster Response Network.

15 Jul 2020

Fannie Mae: SVC-2020-02: Servicing Guide Update

Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).

10 Jun 2020

Fannie Mae: SVC-2020-01: Servicing Guide Update

Fannie Mae announced updates relevant to servicers. Included are revisions to the foreclosure milestone schedule, the elimination of prorated foreclosure fee requirements, and clarification regarding delinquency exception reporting.

12 Feb 2020

Fannie Mae: SVC-2019-08: Servicing Guide Announcements

Fannie Mae announced a number of updates relevant to sellers/servicers. Included is the introduction of a payment shortage tolerance that authorizes a servicer to accept a mortgage loan payment that is deficient by $50 or less for up to three monthly payments during a 12 month period.

11 Dec 2019

Fannie Mae: SVC-2019-07: Servicing Guide Updates

Fannie Mae issued a release announcing several updates to its Servicing Guide. Included are changes that streamline requirements related to canceling property insurance and flood insurance when Fannie Mae acquires a property.

13 Nov 2019

Fannie Mae: SVC-2019-06: Servicing Guide Updates

Fannie Mae issued a release announcing several updates to its Servicing Guide. Included are changes to maximum allowable foreclosure and bankruptcy attorney fees.

11 Sep 2019

Fannie Mae: SVC-2019-05: Servicing Guide Updates

Fannie Mae issued a release announcing several updates to its Servicing Guide that simplifies its escrow waiver policy, clarifies requirements for compliance with Office of Foreign Assets Control (OFAC) regulations, and more.

10 Jul 2019

Fannie Mae: SVC-2019-04: Servicing Guide Updates

Fannie Mae issued a release announcing several updates to its Servicing Guide that simplify requirements for release of property requests, clarify investor reporting requirements, and more.

12 Jun 2019

Fannie Mae: SVC-2019-03: Servicing Guide Updates

Fannie Mae issued a release announcing several updates to its Servicing Guide that clarify policy regarding mortgage insurance (MI) termination solicitations, simplify policies by removing references to designated document custodians, and more.

15 May 2019

Fannie Mae: SVC-2019-01: Servicing Guide Updates

Fannie Mae issued a release providing changes related to foreclosure time frames and compensatory fee requirements previously communicated in Announcement SVC 2018-10.

13 Feb 2019

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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