Archives For: Industry Alert

Wall Street is Funding Fixer-Upper Houses

Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.

7 Sep 2021

Forbearance Volume Tails Off on Strength of August Jobs Report

The latest Forbearance and Call Volume Survey from the MBA has found that the total number of loans now in forbearance decreased by two basis points from 3.25% of servicers’ portfolio volume in the prior week to 3.23%.

7 Sep 2021

FEMA Declared Disaster Nebraska Severe Storms and Straight-line Winds

FEMA issued a Disaster Declaration for areas in Nebraska affected by severe storms and straight-line winds that took place July 9-10, 2021.

6 Sep 2021

FEMA Declared Disasters New Jersey and New York Remnants of Hurricane Ida

FEMA issued a Presidential Major Disaster Declaration for areas in New York and New Jersey affected by remnants of Hurricane Ida that took place May 17-21, 2021.

5 Sep 2021

FEMA Declared Disaster Areas due to Remnants of Hurricane Ida

FEMA Declared Disaster in areas of New York and all counties in New Jersey due to Remnants of Hurricane Ida.

2 Sep 2021

Fannie Mae July 2021 Monthly Summary

Per Fannie Mae, overall serious delinquency for conventional single family loans is 1.94% in July 2021 vs 2.08% last month and 3.24% a year ago.

31 Aug 2021

Freddie Mac July 2021 Monthly Summary

Per Freddie Mac, overall delinquencies for single family loans is 1.74% in July 2021, vs 1.86% last month and 3.12% a year ago.

31 Aug 2021

FEMA Declared Disaster Mississippi and Louisiana Hurricane Ida

FEMA announced federal emergency aid has been made available in Louisiana and Southern Counties of Mississippi to supplement local response efforts.

30 Aug 2021

Fannie Mae Issues Press Release for Hurricane Ida Assistance Options

Fannie Mae issued a press release 8/30/21 in regards to assistance options for those impacted by Hurricane Ida.

30 Aug 2021

Hurricane Ida Strengthens to Category 4 Storm

Hurricane Ida became a Category 4 storm early Sunday morning, rapidly intensifying to sustained winds of 150 mph.

29 Aug 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.

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