Home / News / REO / Safeguard’s Compliance Connections Unit Sees 300% Growth
Print This Post Print This Post

Safeguard’s Compliance Connections Unit Sees 300% Growth

""Safeguard Properties"":http://www.safeguardproperties.com announced Monday that as of the start of October, its ""Compliance Connections"":http://www.complianceconnections.com division has processed more than 10,000 code violations for the 2012 calendar year and has grown its roster of participating municipalities to 600.

[IMAGE] Both milestones represent a growth rate that's greater than 300 percent when compared to the number of violations handled by the division and the number of municipalities served over the same January-through-October time period last year.

""Our growth demonstrates the effectiveness of the Compliance Connections solution, which was developed specifically to address the needs of municipalities and


servicers,"" said Brandon Kirkham, president of Compliance Connections. ""More municipalities are turning to Compliance Connections to help them identify and contact the correct lien holder quickly and efficiently to address code issues at properties across the country.""

Compliance Connections offers a Web-based portal that allows mortgage servicers and municipalities to open the lines of communication as soon as code issues arise. When violation notices are posted to the platform by city inspectors or code enforcement officers, they are immediately delivered to the responsible servicer electronically, which eliminates delays in addressing the issue that can accompany mailed notices.

Not only does the portal's real-time technology inherently save those involved in the code violation process both time and money, but it helps servicers and their field service partners preserve the value and condition of real estate assets and the communities in which they are located.

Safeguard's Compliance Connections business unit is headquartered in Plano, Texas, and to date, has hosted more than 1,100 unique users on its secure workflow management platform. The system's centralization of code compliance tasks and responsibilities gives users the ability to communicate directly, upload supporting documentation, manage tasks, and review the status of code violations.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Check Also

Does California’s First-Look Law Apply to Servicers or Investors?

Attorneys T. Robert Finlay and Michelle A. Mierzwa discuss California’s SB 2170, a measure that creates a new “First Look” policy for REO properties.