Archives For: Industry Updates

FHFA Requests Input on its Strategic Plan

The Federal Housing Finance Agency (FHFA) has released a draft of its strategic plan for 2022-2026 and is requesting input on the plan from the general public.

14 Feb 2022

Ginnie Mae Streamlining Documentation Requirements

In an All-Participants Memorandum, Ginnie Mae issued streamlined documentation requirements for FHA advance loan modifications.

14 Feb 2022

Reading Administration wants to Charge Fee for Vacant Properties

Reading City Council heard a proposed plan Monday from the city administration that recommends all vacant homes be charged a registration fee.

14 Feb 2022

Foreclosure Filings Spike After CFPB Restrictions Expire

January 2022 U.S. Foreclosure Market Report shows foreclosure filings were up 29% from a month ago and up 139% from a year ago.

11 Feb 2022

MBA Says Delinquencies Fall Below Historic Levels

A major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic.

10 Feb 2022

U.S. Foreclosure Activity in January 2022 Highest Since Beginning of COVID-19 Pandemic

ATTOM released its January 2022 U.S. Foreclosure Market report, which shows foreclosures filings up 29% from a month ago and 139% from a year ago.

10 Feb 2022

Bill to Address Dilapidated Housing Introduced in W. VA. Senate

West Virginia bill hopes to help local communities address the issue of dilapidated or abandoned properties in the state.

9 Feb 2022

National Delinquency Rate Drops to Pre-Pandemic Levels for the First Time

The national delinquency rate dropped below March 2020 levels for the first time since the pandemic started in November 2021.

8 Feb 2022

Freddie Mac Sets LIHTC Equity Record with $675 Million in Affordable Housing Investments

Freddie Mac has closed a record $675 million in LIHTC equity investments in 2021, funding over 4800 affordable units in diverse US Markets.

8 Feb 2022

NJ Bill would Turn Foreclosed Homes into Affordable Housing

To ensure that housing nonprofits purchasing foreclosed homes commit to transforming them into affordable housing, NJ lawmakers amended a foreclosure bill.

4 Feb 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