Super Typhoon Yutu, the Most Powerful Tropical Cyclone on Earth in 2018, Barrels Towards Northern Mariana Islands

Updated 10/26/18: On October 26, 2018, FEMA issued a Presidential Major Disaster Declaration for areas in the Commonwealth of the Northern Mariana Islands affected by Super Typhoon Yutu beginning on October 24, 2018 and continuing.

Link to Industry Alert

Updated 10/23/18: FEMA issued an Emergency Declaration for the Commonwealth of the Northern Mariana Islands due to the emergency conditions in the area affected by Typhoon Yutu beginning on October 24, 2018 and continuing.

Link to declaration

Link to associated ZIP Code list

NOTE: This has not yet been declared a FEMA Major Disaster.

Updated 10/23/18: As reported by FEMA, an emergency declaration has been issued by Guam Governor Eddie Baza Calvo.

To view a ZIP Code list associated with Governor Calvo’s declaration, please click here.

To view a special bulletin from the Guam Homeland Security Office of Civil Defense, click here.

NOTE: This is independent from any FEMA Declared Disaster.

All Client Alert
October 24, 2018

Source: AccuWeather

Super Typhoon Yutu will bring risks ranging from flooding and destructive winds and dangerous seas to Guam and the Northern Mariana Islands.

Yutu quickly strengthened from a tropical depression on Sunday into a super typhoon by Wednesday as it became the strongest tropical cyclone so far this year.

A direct hit is expected on Tinian and Saipan on Wednesday night, dealing a catastrophic blow to both islands.

A northwest track into Thursday will take the center of the tropical cyclone across both Tinian and Saipan, bringing winds in excess of 240 km/h (150 mph).

Winds of this magnitude can completely destroy homes and businesses and leave areas without power for a week or longer.

While Guam and Rota are expected to dodge the worst impacts, there can still be damaging winds across Rota and locally damaging winds across Guam into Thursday.

Both islands will also endure frequent downpours capable of causing flooding and travel disruptions.

Flooding rainfall will be a concern across Tinian and Saipan, where 100-200 mm (4-8 inches) of rain and an AccuWeather StormMax™ of 250 mm (10 inches) are expected. Rainfall across Guam and Rota is expected to total 50-100 mm (2-4 inches).

The largely uninhabited islands from Farallon de Medinilla to Farallon de Pajaros will also be at risk for powerful winds and flooding.

Dangerously rough seas will continue to batter areas around Guam and the Northern Mariana Islands into Thursday night before improving this weekend.

Prior to Yutu’s arrival, residents of Guam and the Northern Mariana Islands are being urged to review typhoon preparation plans. Be ready for these plans to have to be put into place and the potential for disruptions to daily routines.

After affecting Guam and the Northern Mariana Islands, Yutu continues on a west to northwest track into next week.

Yutu is forecast to maintain super typhoon status into this weekend and will remain a dangerous tropical cyclone as it approaches parts of Asia next week.

Areas from the Philippines to Japan should remain on alert for potential impacts from this dangerous tropical cyclone next week.

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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