The following paragraph has been added:

Summary. VA considers outsourcing fees the same as other costs of doing business; therefore, VA is not expressly prohibiting outsourcing of any loan servicing activity, including foreclosure referral and management services. Furthermore, VA is not prohibiting the payment of outsourcing fees for such services. However, VA will not pay for any outsourcing activities in a claim under the loan guaranty.” 

To view the Circular in its entirety, please click here.  

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH  and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees.  Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.