Archives For: Industry Updates

CFPB Considers Permanently Restoring Covid Mortgage Protections

The CFPB is seeking information to possibly make pandemic-era foreclosure prevention and automatic refinancing programs permanent features of the mortgage market.

22 Sep 2022

FHFA Releases 2nd Quarter 2022 Foreclosure Prevention and Refinance Report

FHFA has released its 2nd quarter 2022 Foreclosure Prevention and Refinance Report detailing Fannie Mae and Freddie Macs foreclosure prevention and refinance actions.

22 Sep 2022

OCC Reports Improvement in Overall Mortgage Performance

OCC reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022.

15 Sep 2022

U.S. Mortgage Interest Rates Top 6% for the First Time Since 2008

According to the MBA, the average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008.

14 Sep 2022

U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide

ATTOM released its August 2022 U.S. Foreclosure Market Report, which shows that foreclosure starts have reached pre-pandemic levels.

8 Sep 2022

Mortgage Rates Maintain their Ascent

Freddie Mac released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.89 percent.

8 Sep 2022

City Council Working with Code Enforcement to Fight the Blight Faster in New Orleans Neighborhoods

17 years after Hurricane Katrina, abandoned and blighted properties continue to be an issue throughout New Orleans.

8 Sep 2022

Bipartisan Bill Would Expand Land Banks, Increase Economic Development

Legislation introduced to the House known as the National Land Bank Network Act would strengthen neighborhoods, reduce crime and clean up blighted properties.

8 Sep 2022

Affordable Housing Coalition Releases Scorecard Outlining Improvements to GSE Duty-to-Serve Plans

A coalition of 21 leading national affordable housing groups has acknowledged improvements to Fannie Mae and Freddie Mac’s Duty to Serve Underserved Market Plans for 2022-2024.

7 Sep 2022

Land Bank has Demolished 8,000 Properties in Flint Over the Past 18 Years

Blight continues to be an issue that residents and officials in Flint are concerned about, with nearly one quarter of all residential properties reported as vacant and/or blighted.

7 Sep 2022

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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