The changes will add significant capital to rural areas and give rural Americans more opportunities to make financing decisions that lay the groundwork for the future prosperity of their families.. USDA is an equal opportunity provider and employer. Mike built his business career in supply-chain management, operations, finance and marketing. Currently, lenders are encouraged but not required to do so. This will enable many small community banks and credit unions to participate in the guaranteed loan program. A .gov website belongs to an official government organization in the United States. An official website of the United States government. Sean has over 15+ years of experience in Information Services Management with a strong focus on Product and Application Management. Assistant Vice president of Application Development. USDA informs the applicant(s) and the approved lender of the decision and their rights. Steve Machovina is the assistant vice president of technology infrastructure and cloud services for Safeguard. Steve was promoted to director over these two areas in 2007, and he was promoted to assistant vice president in 2012. 668, https://handle.nal.usda.gov/10113/CAT89930509. Changes will strengthen rural housing markets; encourage new construction Steve Meyer is the assistant vice president of high risk andinvestor compliancefor Safeguard. Departmental Forms | USDA These changes will be fully outlined in a new handbook to accompany program regulations. On December 9, 2013 the Federal Register published 7 Code of Federal Regulations (CFR) Part 3555, Single Family Housing Guaranteed Loan Official websites use .gov Assistant Vice president of Application Development. By browsing our website, you agree to our use of cookies. Prior to joining Safeguard, Steve spent 10 years within the insurance industry, holding a number of positions including multi-line property adjuster, branch claims supervisor, and multi-line and subrogation/litigation supervisor. He was promoted to chief operating officer in 2002, and was named CEO in May 2010. WebHB-1-3555 SFH Guaranteed Loan Program Technical Handbook. of Agriculture) ; no. He is responsible for the maintenance and evolution of Safeguards vendor systems ensuring high-availability, security and scalability while advancing the vendor products capabilities and enhancing the vendor experience. Lower utility costs also improve the local economy by directly increasing consumers disposable income. Chapter 8: Paragraph 8.3, (B), Exhibit 8-1, Steps for Changing the Loan Amount, to add guidance regarding Form 1940-10 and Form 3550-17 when funds are returned to the Servicing Office. Sean is a graduate of Rutgers University with a Bachelor of Arts and received his Masters in International Business from Central Michigan University. The interim final rule will become effective on September 1, 2014. Since the start of the Obama Administration, more than 700,000 rural residents have bought homes with mortgages guaranteed by USDA Rural Development. The rule represents a framework Mortgage Servicer & Property Preservation Contacts. ) or https:// means youve safely connected to the .gov website. Jennifer joined the company in April 2009 as a manager of accounting and finance and a year later was promoted to director. Forms and Certifications Referenced in this Handbook, Handbook Letters Referenced in this Handbook, Single Family Housing Direct Income Limits, Single Family Housing Field Guidance on Disaster Declarations, Single Family Housing Direct Programs American Rescue Plan Act (ARPA) Guidelines, Closing the Loan and Requesting the Guarantee, Payment Subsidies and Income Determinations, Single Family Housing Direct Programs Approval Authority Guidelines, Servicing Non-Performing Loans - Accounts with Repayment Problems, Subsequent Loans and Loans for Final Payments, Rent, Shelter Costs, and Utility Allowances, Civil Rights Laws Accessibility Requirements That Apply to the Multi-Family Housing (MFH) Program, Compliance Violations, Defaults, and Work-Out Agreements, Management and Disposal of Real Estate Owned Property. In 2017, Linda was named as both a Woman of Influence by HousingWire and as a Leading Lady by MReport. CHAPTER 1: GENERAL PROGRAM Secure .gov websites use HTTPS See highlighted area below. Loans may be guaranteed for condo-minium units in condominium Everything you need to keep your property healthy and profitable. WebU.S. She manages recruitment strategies, employee relations, training, personnel policies, retention, payroll and benefits programs. Website: www.safeguardproperties.com. Lenders may consider a homes energy efficiency as a compensating factor when underwriting a mortgage application. Jenjoined Safeguard in 1997 and was promoted to director of inspections operations in 2009 and assistant vice president of inspections operations in 2012. He was instrumental in the development and creation of policies, procedures and operating protocol. Sean possesses strong functional and system knowledge of information security, systems and software, contracts management, budgeting, human resources and legal and related regulatory compliance. *Our original communication stated May 1, 2018; however, based on feedback from servicers, we have extended the implementation date to July 1, 2018. Servicing actions on or after September 1, 2014 will be subject to the requirements of 7 CFR 3555. https://usdalinc.sc.egov.usda.gov/USDALincTrainingResourceLib.do, HUD Employees Receive Management Excellence Award, safeguard.communication@safeguardproperties.com. TABLE OF CONTENTS . She is responsible for the companys national workforce of approximately 1,000 employees. USDA administrative procedures have been removed from the interim final rule and will be provided in a Technical Handbook to be implemented September 1, 2014, to support the new regulation. He was also a commissioned officer in the United States Air Force prior to his career in the business world. Prior to joining Safeguard, Rick was director of enterprise architecture at Revol Wireless, a privately held CDMA Wireless provider in Ohio and Indiana, and operated his own consulting firm providing services to the manufacturing, telecommunications, and energy sectors. AVP, Technology Infrastructure and Cloud Services. 3 Guaranteed Loan Program Regulation 7 CFR Part 3555 Final Rule Effective: March 9, 2016 Eight 0575-0179 RURAL HOUSING SERVICE CHAPTER 1: GENERAL PROGRAM REQUIREMENTS His career includes senior positions with McMaster-Carr Supply Company, Newell/Rubbermaid, and Procter and Gamble. Guaranteed andAnnual Fee Calculation Guidance, Capital Financial Requirements for Non-Regulated Lenders. Steve joined Safeguard in November 2013 as director of information technology operations. Linda previously served as vice president and attorney for National City Corporation, as securities and corporate governance counsel for Agilysys Inc., and as an associate at Thompson Hine LLP. PROCEDURE NOTICE (PN) 585 dated June 28, 2023 She was named AVP of human capital in 2014. Jen has demonstrated the ability to deliver consistent results in order audit and order management. Share sensitive information only on official, secure websites. Mike joined Safeguard in July 2010 as vice president of REO and has continued to take on additional duties and responsibilities within the organization, including the role of vice president of operations in 2013 and then COO in 2015. Prior to RenPSG, Sean worked for DMI Consulting as a Client Success Director where he guided the delivery in a multibillion-dollar Fortune 500 enterprise client account. He was promoted to chief operating officer in 2002, and was named CEO in May 2010. 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. He also works directly with our clients in our many outreach efforts and he represents Safeguard at a number of industry conferences each year. AVP, Technology Infrastructure and Cloud Services. Her experience at a former Fortune 500 financial institution during the subprime crisis helped develop Lindas pro-active approach to change management during periods of heightened regulatory scrutiny. Steve Meyer is the assistant vice president of high risk andinvestor compliancefor Safeguard. He was responsible for all project deliveries in terms of quality, budget and timeliness and led the team to coordinate development and definition of project scope and limitations. Secure .gov websites use HTTPS Jenjoined Safeguard in 1997 and was promoted to director of inspections operations in 2009 and assistant vice president of inspections operations in 2012. Loss Mitigation Guide - USDA With the rule change, any lending entity supervised and regulated by the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Federal Reserve Banks, or the Federal Housing Finance Board may underwrite loans guaranteed by Rural Development. Please click here to view the online release. Alan Jaffa is the chief executive officer for Safeguard, steering the company as the mortgage field services industry leader. Rick is responsible for evolving the Safeguard IT systems. Joe Iafigliola is the Chief Financial Officer for Safeguard. She manages recruitment strategies, employee relations, training, personnel policies, retention, payroll and benefits programs. Jennifer Anspach is the assistant vice president of finance for Safeguard. He is responsible for the overall management and design of Safeguards hybrid cloud infrastructure. Today, the Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff. Rick Moran is the assistant vice president of application architecture for Safeguard. A comprehensive new Food, Farm and Jobs Bill would further expand the rural economy, Vilsack added, saying thats just one reason why Congress must get a comprehensive Bill done as soon as possible. Linda Erkkila is the general counsel and executive vice president for Safeguard and oversees the legal, human resources, training, and compliance departments. He has provided the vision and dedicated leadership for key technologies for Fortune 100 companies, and nationally recognized consulting firms including enterprise system architecture, security, desktop and database management systems. Steve joined Safeguard in November 2013 as director of information technology operations. WebCHAPTER 5: ORIGINATION AND UNDERWRITING OVERVIEW 5.1 INTRODUCTION [7 CFR 3555.51(b)] SFHGLP loans are originated and underwritten by approved lenders. Prior to RenPSG, Sean worked for DMI Consulting as a Client Success Director where he guided the delivery in a multibillion-dollar Fortune 500 enterprise client account. Her experience at a former Fortune 500 financial institution during the subprime crisis helped develop Lindas pro-active approach to change management during periods of heightened regulatory scrutiny. He has provided the vision and dedicated leadership for key technologies for Fortune 100 companies, and nationally recognized consulting firms including enterprise system architecture, security, desktop and database management systems. General Counsel and Executive Vice President. Steve joined Safeguard in 1998 as manager over the hazard claims team. On December 9, 2013 the Federal Register published 7 Code of Federal Regulations (CFR) Part 3555, Single Family Housing Guaranteed Loan Program. 7 CFR 3555 becomes effective on September 1, 2014 and will replace 7 CFR 1980 Subpart D. Servicing actions on or after September 1, 2014 will be subject to the requirements of 7 CFR 3555. In addition, Ricks team has designed and implemented several innovative systems. Michael Greenbaum is the chief operating officer for Safeguard. Sean is responsible for Safeguards technological direction, including planning, implementation and maintaining all operational systems. Currently, these entities are not eligible lenders. Should you have any questions, please feel free to contact the Single Family Housing Guaranteed Loan Division at 202-720-1452. He manages all technology engineering staff who support data centers, telecommunications, network, servers, storage, service monitoring, and disaster recovery. 3555 Handbook (PDF) 3555 Regulation - 7 CFR 3555 (PDF) FAQ Loan Origination (PDF) Form RD 3555-21 Request for Loan Guarantee (PDF) GRH Media Inquiries: safeguard.communication@safeguardproperties.com, Transparency in Coverage Information - Click Here. WebRural Housing Service, USDA 3555.208 3555.205 Special requirements for condominiums. As part of the overhaul, Rural Development has begun a series of enhancements to automate processes, reduce paperwork and reduce loan approval times. He has held senior management and executive positions with Erico, a manufacturing company in Solon, Ohio; Accel, Inc., a packaging company in Lewis Center, Ohio; and McMaster-Carr, an industrial supply company in Aurora, Ohio. During that time, he has led the system upgrades necessary to support Safeguards growth. More, Better, and New Market Opportunities. Steve has a bachelors degree from Kent State University in Ohio. In another policy change, for the first time, borrowers will be able to choose home loan terms shorter than 30 years. Discover the driving force of our business. Phone: 866-550-5887 HB-1-3555 CHAPTER 9: INCOME ANALYSIS 7 CFR Under Alans 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. She will build upon these strengths in order to deliver this level of excellence in both REO and property preservation operations. He was responsible for all project deliveries in terms of quality, budget and timeliness and led the team to coordinate development and definition of project scope and limitations. A .gov website belongs to an official government organization in the United States. WebHandbook. Her practice spans over 20 years, and Lindas experience covers regulatory disclosure, corporate governance compliance, risk assessment, executive compensation, litigation management, and merger and acquisition activity. The USDA Departmental Forms system is an extension of the USDA Departmental Directives system, and like the Departmental Directives system, is managed by the Office of Budget and Program Analysis (OBPA), Departmental Policy Office (DPO). He also held management positions with Northcoast PCS and Corecomm Communications, and spent nine years as a Coast Guard officer and pilot. Please enable JavaScript to use this feature. A draft version of the Technical Handbook can be found online at the USDA LINC Training and Resource Library (7 CFR 3555 and Draft Handbook Implementation 9/1/2014 section) at https://usdalinc.sc.egov.usda.gov/USDALincTrainingResourceLib.do. Prior to joining Safeguard, Steve spent 10 years within the insurance industry, holding a number of positions including multi-line property adjuster, branch claims supervisor, and multi-line and subrogation/litigation supervisor. On July 1, 2018* an update to Chapter 18 will be published that provides changes to the loss mitigation waterfall as well as revised language surrounding disaster relief options available for borrowers impacted by Presidentially Declared Disasters. Email: eAuthHelpDesk@ftc.usda.gov WebHB-1-3555 Table of Contents Page 1 (03-09-16) SPECIAL PN Revised (03-31-21) SPECIAL PN . Prior to joining Safeguard, Steve was a senior technical architect and development manager at First American Title Insurance, a publicly held title insurance provider based in southern California, in addition to managing and developing applications in multiple sectors from insurance to VOIP. On July 1, 2018* an update to Chapter 18 will be published that Linda holds a degree in economics from Miami University and an MBA. Share sensitive information only on official, secure websites. 12-14)RURAL DEVELOPMENTOMB No. TABLE OF CONTENTS - Rural Development Phone: 800-457-3642, option 2 (USDA Applications); then option 2 (Rural Development). Rick has been with Safeguard since 2011. Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelors degree from The Ohio State Universitys Honors Accounting program. WebWhile a loss mitigation program is designed to address serious defaults, any reasonable servicer efforts to cure loans that are past due for 30 days or more contribute to the goal Updated June 4: On June 4, the U.S. Department of Agriculture (USDA) released an update to the 7 CFR 3555 Draft Handbook, subtitled DRAFT Technical Handbook to 7 CFR Part 3555 Posted. Jen ensures quality work is performed in the field and internally, to meet and exceed our clients expectations. By browsing our website, you agree to our use of cookies. This will result in a significant cost savings for borrowers who qualify for the higher payments and who want to pay off their loan faster and pay less interest on their loan. Rural Housing Service, USDA 3555 - GovInfo Among other things, they expand the types of lenders who are eligible to participate. General Counsel and Executive Vice President. WebDocuments & Resources. In addition, Ricks team has designed and implemented several innovative systems. Under Mikes leadership, all operational departments of Safeguard have reviewed, updated and enhanced their business processes to maximize efficiency and improve quality control. Linda assures that Safeguards strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. Under Steves leadership, the department became one of the largest within Safeguard. RD Instruction 1980D Customer Service Center Future training opportunities for lenders will be announced through electronic Listserv notifications. Under Alans 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. Energy efficient homes help the nation lessen its dependence on foreign oil and result in lower utility costs for homeowners. These improvements will help create jobs and enable more people to participate in the rural home loan guarantee program, Vilsack said. This section assists lenders in analyzing income types, complet ing income calculations (annual, adjusted annual, and repayment), and documenting the income with Jennifer Jozity is the assistant vice president of operations, overseeing inspections, REO and property preservation for Safeguard. A lock ( Under the Presidents leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way strengthening Americas economy, small towns and rural communities. During that time, he has led the system upgrades necessary to support Safeguards growth. Policy Questions Prior to joining Safeguard, she held several management positions at OfficeMax and InkStop in both operations and finance. Web Always reference the most recent USDA publications available online. 7 CFR 3555 Rule and Handbook Asked Questions - USDA The handbook will provide a single reference point on program rules for borrowers and lenders. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. Additionally, Jennifer has oversight of the accounts receivable and loss functions formerly within the accounting department. Sean is responsible for Safeguards technological direction, including planning, implementation and maintaining all operational systems. Sean joined Safeguard Properties LLC from RenPSG Inc. which is a nationally leading Philintropic Software Platform in the Fintech space. Jennifer Jozity is the assistant vice president of operations, overseeing inspections, REO and property preservation for Safeguard. He manages all technology engineering staff who support data centers, telecommunications, network, servers, storage, service monitoring, and disaster recovery. (LockA locked padlock) He leads the design of Safeguards enterprise application architecture. In many rural areas, the majority of homes are financed with loans underwritten through this program. Under Mikes leadership, all operational departments of Safeguard have reviewed, updated and enhanced their business processes to maximize efficiency and improve quality control. He is a distinguished graduate of West Point (U.S. Military Academy), where he majored in quantitative economics. OBPA DPO facilitates the final editing, review, clearance, and publication process for all Departmental forms. Vilsack said that todays announcement is another reminder of the importance of USDA programs for rural America. Web2 June 28, 2023 INSERT RD HB-1-3550 (Con.) For e-Authentication assistance An official website of the United States government. She graduated from Cleveland State University with a degree in business. He leads the design of Safeguards enterprise application architecture. Secure .gov websites use HTTPS WebHB-1-3555 1.1 WELCOME TO THE HANDBOOK This handbook provides Agency staff and lenders participating in the Single Family Housing Guaranteed Loan Program (SFHGLP) In 2002, he assumed responsibility for the newly-formed high risk department, once again building its success. Dept. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguards processes to assure that the company adheres to the highest standards of quality and customer service. Joe is responsible for the Control, Quality Assurance, Business Development, Accounting & Information Security departments, and is a Managing Director of SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties business model into complimentary markets. Web1. or https:// means youve safely connected to the .gov website. He oversaw the organizations technological direction including planning, implementing and maintaining the best practices that align with all corporate functions. Her practice spans over 20 years, and Lindas experience covers regulatory disclosure, corporate governance compliance, risk assessment, executive compensation, litigation management, and merger and acquisition activity. Sec. In order for a form to be considered to be a Departmental form, it must be used by two or more agencies or staff offices to collect information. She earned her JD at Cleveland-Marshall College of Law. 7 CFR PART 3555 - GUARANTEED RURAL HOUSING PROGRAM . In 2017, Linda was named as both a Woman of Influence by HousingWire and as a Leading Lady by MReport. DM 3020-001, Departmental Forms Manual prescribes the policies, responsibilities, standards, and procedures for issuing Departmental forms. USDA welcomes public comment on the changes. Mike joined Safeguard in July 2010 as vice president of REO and has continued to take on additional duties and responsibilities within the organization, including the role of vice president of operations in 2013 and then COO in 2015. Mike has a proven track record of excellence, partnership and collaboration at Safeguard. Paragraph 8.3, (C), update overnight mailing address for returning Treasury Checks via FED-EX. This includes Safeguards real-time integration with other systems, vendors and clients; the future upgrade roadmap for systems; and standards designed to meet availability, security, performance and goals. Steve is a graduate of Grove City College. Steve is a graduate of Grove City College. In this role, Steve is responsible for managing our clients conveyance processes, Safeguards investor compliance team and developing our working relationships with cities and municipalities around the country. She was named AVP of human capital in 2014. RURAL DEVELOPMENT WSAL PN 585. She was named a Crains Cleveland Business Archer Award finalist for HR Executive of the Year in 2017. Sean also worked for KPMG Consulting in their Microsoft Practice and Technicolors Ebusiness Division where he had responsibility for application development, maintenance, and support. Sean possesses strong functional and system knowledge of information security, systems and software, contracts management, budgeting, human resources and legal and related regulatory compliance. WebResponse: RD Instruction 3555, found at 7 CFR 3555, was published on December 9, 2013. Forms used only by users within a single agency or staff office are not considered to be Departmental forms and are issued and managed by the respective agency or staff office. Alan joined Safeguard in 1995, learning the business from the ground up. TABLE OF CONTENTS . An official website of the United States government. Rick is responsible for evolving the Safeguard IT systems. Linda Erkkila is the general counsel and executive vice president for Safeguard and oversees the legal, human resources, training, and compliance departments. Lindas responsibilities cover regulatory issues that impact Safeguards operations, risk mitigation, enterprise strategic planning, human resources and training initiatives, compliance, litigation and claims management, and mergers, acquisition and joint ventures. On December 9, the U.S. Department of Agriculture (USDA) released an update titled USDA Overhauls Single Family Housing Guaranteed Loan Program. TABLE OF CONTENTS . She earned her JD at Cleveland-Marshall College of Law. Rick Moran is the assistant vice president of application architecture for Safeguard. Alan joined Safeguard in 1995, learning the business from the ground up. Jennifer joined the company in April 2009 as a manager of accounting and finance and a year later was promoted to director. Jen has demonstrated the ability to deliver consistent results in order audit and order management. Federal Standard Forms (SF) and Optional Forms (OF) can be obtained from the GSA Forms Library, the OPM Forms site, or the USA.gov forms website. June 28, 2023 RD HANDBOOK DEPARTMENT OF AGRICULTURE MANUAL ISSUE No. Jen ensures quality work is performed in the field and internally, to meet and exceed our clients expectations. He was instrumental in the development and creation of policies, procedures and operating protocol. USDAs investments in rural communities support the rural way of life that stands as the backbone of our American values. About Safeguard Sean Reddington is the new Chief Information Officer for Safeguard Properties LLC. Please enable JavaScript to use this feature. It will replace more than 20 administrative notices that are written separately and must be updated annually. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay). Official websites use .gov See Page 73927 for information on how to submit comments. He also held management positions with Northcoast PCS and Corecomm Communications, and spent nine years as a Coast Guard officer and pilot. Discover the driving force of our business. Lindas responsibilities cover regulatory issues that impact Safeguards operations, risk mitigation, enterprise strategic planning, human resources and training initiatives, compliance, litigation and claims management, and mergers, acquisition and joint ventures. Sean has a proven record of accomplishment for increasing operational efficiencies, improving customer service levels, and implementing and maintaining IT initiatives to support successful business processes. Consolidated version (large document may take long to load). Joe Iafigliola is the Chief Financial Officer for Safeguard. Additionally, Jennifer has oversight of the accounts receivable and loss functions formerly within the accounting department.
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