Safeguard Properties

Archives For: Industry Alert

Freddie Mac: Guide Bulletin 2021-22: Servicing Updates

Freddie Mac issued a release announcing the COFI transition replacement index, updates to Subsequent Transfer of Servicing requirements, clarification on extinguishment of rights in collateral related to conveyance or financing and more.

9 Jun 2021

FEMA Declared Disaster Alabama Severe Storms, Straight-Line Winds

FEMA issued an update to a Presidential Major Disaster Declaration for areas in Alabama affected by severe storms, straight-line winds and tornadoes that took place March 25-26, 2021.

8 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

FEMA Declared Disaster Georgia Severe Storms and Tornadoes

FEMA issued an update to a Presidential Major Disaster Declaration for areas in Georgia affected by severe storms and tornadoes that took place March 25-26, 2021.

27 May 2021

Tornado Causes Chaos Across Small Kansas Town

AccuWeather published a report detailing severe weather activity responsible for structural damage in portions of Kansas.

27 May 2021

OCC: Revitalization Activities in Areas Affected by Hurricane Maria

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation extended the period for giving favorable consideration under Community Reinvestment Act regulations for bank activities that continue to help revitalize or stabilize disaster areas devastated by Hurricane Maria.

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

Biden Allocates $1B to Prepare for Hurricane, Wildfire Season

Florida Phoenix provided coverage of an announcement from President Joe Biden confirming that $1 billion will be directed to the Building Resilient Infrastructure and Communities program to help states prepare for natural disasters.

24 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