Safeguard Properties

Archives For: Industry Updates

Mortgage Delinquency Stats Revealed in Latest CoreLogic Report

Mortgage delinquency rates in the US dropped 2.3% year over year in July, according to CoreLogic’s latest Loan Performance Insights Report. Data showed that the share of mortgages in some stage of delinquency was down to 4.2% in July – the lowest rate since March 2020.

13 Oct 2021

Over Half of Delinquent Homeowners have Missed Six Payments

According to CoreLogic, approximately half of the nations delinquencies are borrowers who are at least six months past due.

12 Oct 2021

Davis: 472 Properties in Danger of Foreclosure

The Clinton County Treasurer’s Office has filed the combined notice and petition of foreclosure, giving official notice to those who have not paid their property taxes for 2020 or prior years.

12 Oct 2021

As 1.2 Million Mortgage Holders Exit Forbearance, Unexpected Hurdles

COVID-19 forbearance protections have officially ended — or will be ending soon — for 1.2 million out of an estimated 1.7 million loans that remained in forbearance as of August 2021, according to CoreLogic.

11 Oct 2021

New HUD Rule Aims to Prevent Public Housing Evictions

A proposed HUD rule will ban evictions without giving tenants 30-days’ notice and providing info on available federal emergency assistance.

11 Oct 2021

Comments on September Unemployment

The headline jobs number in the September employment report was well below expectations. Unemployment rate decreases by 4.8% in September.

8 Oct 2021

Black Knight: Number of Homeowners in COVID-19- Related Forbearance Plans “Largest Weekly Decline in 12 Months”

The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Overall, forbearances have declined by 17% over the past 30 days.

8 Oct 2021

Albany City Commission Considers Vacant Property Registry

Under the vacant property registration proposal, owners of vacant structures and foreclosed properties would pay a $100 registration fee.

5 Oct 2021

OCC Reports Improvement in Mortgage Performance

The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021.

28 Sep 2021

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in August

Freddie Mac reported that the Single-Family serious delinquency rate in August was 1.62%, down from 1.74% in July. Freddie’s rate is down year-over-year from 3.17% in August 2020.

27 Sep 2021

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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.

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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.

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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.

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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.

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Business Development

Carrie Tackett

Business Development Safeguard Properties