Safeguard Properties Expanding to Mentor

Safeguard Properties has announced that it is opening a new facility in Mentor to accommodate its business' growth.

The mortgage field services company now occupies the Tyler Road building that used to house .

The company plans to add 60 new jobs, in addition to 40 employees who transferred from the company’s headquarters in Valley View.

“The Mentor location is a perfect venue to ease some of the current space constraints at our headquarters, in addition to serving as a business continuity site in the event of a business disruption,” said Safeguard CEO Alan Jaffa in a statement.

Safeguard inspects and maintains defaulted and foreclosed properties for both local and national companies in the mortgage industry.

Ron Traub, Mentor's director of business and economic development, said the city has been in talks with Safeguard to expand into Mentor since the fourth quarter of last year.

He added that the announcement was good news for Mentor and its residents for several reasons.

"It presents yet another opportunity for employment," he said. "On the revenue side, it creates additional income tax revenue for the city. Also, it means 100 or so more people will be having lunch in the city, buying gas and otherwise enjoying the goods and services Mentor has to offer.