Mon Jun 27 7:18:48 EDT 2022
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Safeguard Properties Turns Its Back On NAMFS

For years, the very existence of the National Association of Mortgage Field Services (NAMFS) owed itself to Safeguard Properties. Party rhetoric and tone were established in lock step as Eric Miller, NAMFS Executive Director, played the role as mouthpiece for the Mortgage Field Services Industry. And when Labor began to take a stand, almost a decade ago by coining the phrase boots on the ground, Eric Miller made it clear to everyone that the use of that phrase would not be tolerated. In essence, even acknowledging that Labor existed, rendered you persona non grata.

Things have changed since the death of Safeguard Properties’ founder Robert Klein has died. And with a 70% labor attrition documented by NAMFS itself, the reality is Miller no longer has the swagger he used to. Miller’s ability to isolate Labor while enriching his cartel appears to be coming to an end as you will read below.

In a recent DSNews article, all the usual suspects gathered round in order to explain their take on how to enrich themselves and their Clients. Whether it be Carrington’s Louis Harman, Guardian Asset Management’s Jerry Mavellia, MCS’ Chad Mosley, or Freddie Mac’s Ryan McGuinness, not a single one of these people stated that Labor was a necessary part of the workflow when it came to natural disasters impacting assets. And it was most comical to note the verbal gymnastics that they used in order to be the one whom stood furthest away from Labor. Par for the course when it comes to talking out both sides of the neck as these people are accustomed to doing.

Noting that Carrington’s attempts to perform property preservation completely collapsed; noting that Mavalia has lost hundreds of millions of dollars in future US Department of Housing and Urban Development (HUD) revenue for Guardian; noting that MCS has sold itself and changed its name just to stay in the game; and noting that Freddie Mac is still under HUD conservatorship, the reality is that DSNews could have done much better in selecting their interviewees.

Elizabeth Squires, AVP, Client Account Management made a statement that people should take note of. And while I have no love for Safeguard, the reality is that this is a women whom has chosen to buck the Miller party line and speak honestly. Here is her quote with the Question from DSNews atop her answer,

Are there any other important aspects of natural disaster/climate change response that you think should be on the industry’s radar right now?

Each servicer, GSE, and investor have their own view of best practices, so getting to a more consistent approach where you have allowables based on conditions is the biggest opportunity we have. Eliminate the “bid and wait” cycle and ensure that we utilize the boots-on-the-ground time most effectively when we have an impacted area.

I want that to sink in for just a moment. Safeguard Properties was the only entity that believed Labor was important and sending Labor back, time and again, for useless bids because the company could not negotiate the approval or, more on point, did not have the intelligence to have predetermined allowables is probably the most prescient thing I have heard this decade.

Now, I am not telling you to go work for Safeguard Properties. I think they have light years to go before they would make for a good partner with Labor, but I am saying that they are moving in the right direction provided that Squires’ mentality is sanctioned and that their C Level begin to adopt it.

Edgemark Solutions: The Worst Company In The Industry!

Avoid them like the Plague! If you want the full details on why, simply continue reading! Look, Scottsdale has always been the hotspot for horrific companies going all the way back to the former ASONS owner and founder Milan Thompson's Dynamic Duo of Steve Johnson and Josh Sarchet --- whom combined together to form Northsight Management --- it was no surprise to find Edgemark Solutions out trolling the gutter. That has always been the tactics: Create a contract a mile long with legalese that no normal person would read and then slam them with insane fees . . .

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HUD M&M FSM 3.12 Begins Recruiting

As Labor begins to determine if the US Department of Housing and Urban Development (HUD) Management and Marketing (M&M) Field Service Manager (FSM) contract is the way to go, Foreclosurepedia, in conjunction with the International Association of Field Service Technicians (IAFST), has opened up a Recruiting Portal. If you are a qualified contractor interested in performing services on the contract, please fill out the below information and it will be forwarded to the proper parties according to geographic location.


HUD 3.12 Recruiting

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Enter as: 123-456-7890

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Click Each Item That You Possess

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The Winners Of The HUD M&M FSM 3.12

UPDATED WITH JGM AWARDS:  Two years in the making, the US Department of Housing and Urban Development (HUD) Management and Marketing (M&M) Field Service Manager (FSM) 3.12 Awards are out. Now, just because the Awards are out doesn't mean that it is clear sailing. The inevitable protests --- both with HUD and elevated to GAO --- will most assuredly make their rounds. The canary in the coal mine, though, is the inordinate amount of Awards issued to a single company, To read the article Subscribe today!



HUD Awarded M&M FSM Contracts Based On Bids From 18 Months Ago

The wait is over! For nearly two years, the US Department of Housing and Urban Development (HUD) has been tinkering with the Management and Marketing (M&M) Field Service Manager (FSM) 3.12 Awards. And while we are going to discuss the Awardees later, first and foremost we need to talk about the elephant in the room: 18 month old bidding which did not anticipate a red hot labor market; record setting fuel prices topping $7 a gallon and anticipated to double; and meteoric inflation at over 8%. More on point, though, with HUD . . .

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