Safeguard Properties

Archives For: Investor and Regulatory Updates

VA: Circular 26-21-07: COVID-19 Loan Repayment Relief

The U.S. Department of Veterans Affairs (VA) updated guidance providing a summary of the home retention options and alternatives to foreclosure that servicers should utilize to help borrowers affected by the COVID-19 pandemic.

3 Jun 2021

FHFA: Extended COVID-19 Multifamily Forbearance

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021.

3 Jun 2021

Fannie Mae: Protections for Renters Affected by COVID-19 Extended

Fannie Mae announced the extension of its multifamily COVID-19 forbearance program through September 30. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was previously set to expire on June 30.

3 Jun 2021

Fannie Mae: REOgram Notifications Transitioning to Property 360

Fannie Mae announced the availability of Property 360 for all mortgage servicers. The platform eliminates manual submissions for REOgram notifications for Real Estate Owned (REO) properties acquired through foreclosure or mortgage release (deed-in-lieu of foreclosure).

1 Jun 2021

FHFA: Latest Report on Non-performing Loan Sales

The Federal Housing Finance Agency (FHFA) released its latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac.

27 May 2021

MHA: HAMP Update: June 2021 Maintenance Outage

Making Home Affordable (MHA) issued a release outlining system maintenance scheduled for June 25, 2021.

25 May 2021

FHFA: First-of-its-Kind Comprehensive Dataset on Mortgage Risk

The Federal Housing Finance Agency (FHFA) released a revised staff working paper using a comprehensive dataset containing aggregated results utilizing more than 200 million purchase-money and refinance mortgages from 1990 to 2019.

20 May 2021

Freddie Mac: Guide Bulletin 2021-18: Reimagine Servicing Updates

Freddie Mac announced updates to Reimagine Servicing®, including the planned rollout of the re-engineered reimbursement tool PAID (Payments Automated Intelligent and Dynamic) on September 27.

19 May 2021

FHFA: Proposed 2022-2024 Duty to Serve Underserved Markets Plans

The Federal Housing Finance Agency (FHFA) published the proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve program. The proposed plans cover the period from January 1, 2022 to December 31, 2024.

18 May 2021

MHA: Memorial Day Holiday Support and System Availability

Making Home Affordable (MHA) issued an update outlining system availability and support during the 2021 Memorial Day holiday.

18 May 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