Archives For: Industry Updates

Banks Pushing Court Foreclosures Means More Inventory

On April 10, Mortgage Servicing News published an article titled Banks Pushing Court Foreclosures Means More Inventory.

10 Apr 2014

OH HB 223 Advances to Senate for Consideration

On April 2, Ohio HB 223 was passed by the House and is now being considered by the Senate. On April 3, The Columbus Dispatch published an article titled Bill Would Help Columbus Address Blighted Houses.

8 Apr 2014

WA HB 2723 Modifies Certain Provisions Governing Foreclosures

On March 31, Washington Governor Jay Inslee signed House Bill 2723, which modifies certain foreclosure fairness act provisions. The bill becomes effective June 12, 2014.

7 Apr 2014

WV SB 600 Regulates Maintenance and VPR of Uninhabitable Properties

On March 6, West Virginia SB 600 passed the House and went before Governor Earl Ray Tomblin for consideration. Governor Tomblin signed the bill on March 28 and it goes into effect June 4. The bill clarifies responsible parties for compliance with municipal ordinances regarding the registration, maintenance, and regulation of dwellings unfit for habitation, vacant buildings, and vacant properties.

2 Apr 2014

Residential Rental Investors Form Trade Group

On March 26, Mortgage Daily published an article titled Residential Rental Investors Form Trade Group.

27 Mar 2014

Weight of Foreclosure and Ohio HB 223

On March 16, Akron Beacon Journal published an article titled Weight of Foreclosure.

26 Mar 2014

Senate Passes Flood Legislation

On March 14, Mortgage Daily published an article titled Senate Passes Flood Legislation.

17 Mar 2014

MO SB 676 Notice to Vacate Requirements Following Foreclosure Sale

On January 8, Missouri introduced legislation that changes the notice requirement a new owner must give to a tenant following a foreclosure sale from ten business days to vacate the premises to ninety days.

12 Mar 2014

CA Congressman Goes on REO-to-Rental Warpath

On March 6, HousingWire published an article titled California Congressman Goes on REO-to-Rental Warpath.

7 Mar 2014

Higher Than Expected Vacancy Rates in First REO to Rental Deal

On February 19, Yahoo! Finance published an article titled Vacancy Rates Higher Than Expected in First REO to Rental Deal.

25 Feb 2014

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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