Archives For: Industry Updates

U.S. Foreclosure Activity Continues to See an Annual Increase

ATTOM released the February 2024 U.S. Foreclosure Market Report, noting that foreclosure filings are up 8% over one year ago.

11 Mar 2024

CoreLogic: Number of Underwater US Homes Drops by 15% Annually in Fourth Quarter

CoreLogic released the Homeowner Equity Report for the 4th quarter of 2023, showing the number of mortgages ‘underwater’ dropped by 15% annually.

7 Mar 2024

Fannie and Freddie: Single Family Serious Delinquency Rate Decreases Slightly in January

Fannie Mae and Freddie Mac both reported that Single-Family serious delinquency rates remained relatively unchanged in January 2024.

1 Mar 2024

ICE: Mortgage Delinquency Rates Decreased in January

ICE reports that mortgage delinquency rates decreased in January 2024 to the lowest levels since October of the previous year.

23 Feb 2024

Wheeling Council: Vacant Building Code Can Be Reviewed, but it is Working

Wheeling city officials agreed that the city’s Vacant Building Code does a good job of keeping structures out of disrepair but could be more flexible to those working to get their buildings occupied.

21 Feb 2024

Share of Mortgage Loans in Forbearance Decreases Slightly in January

MBA’s Monthly Loan Monitoring Survey reports that the share of mortgage loans in forbearance decreased slightly to .22% in January 2024.

20 Feb 2024

Carroll City Council Alters Proposed Vacant Property Ordinance, Begins Approval Process Over

The Carroll City Council made progress in implementing a vacant property ordinance intended to encourage owners to sell, lease or otherwise utilize vacant structures.

17 Feb 2024

Blight Fight Shifting to Rehab

The Altoona Redevelopment Authority/Land Bank board has launched a new program that will renovate derelict properties instead of demolishing them.

17 Feb 2024

Zimmerman’s Bill Giving Locals More Tools to Address Blighted Properties Advances

State Rep. Zimmerman’s bill to help local communities better address blighted properties has advanced out of the Indiana House of Representatives.

16 Feb 2024

Fannie “Real Estate Owned” Inventory Decreased Q4 2023

Fannie Mae reports the number of REOs decreased to 8.403 at the end of 2023, down 4% from the end of Q4 2022.

15 Feb 2024

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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