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Cary Sternberg

Cary Sternberg

Sternberg is responsible for managing the strategic direction of Excellen REO, overseeing day-to-day operations, creating policies and procedures and establishing the internal growth strategy. Sternberg brings almost 40 years of experience in asset preservation, management and liquidation to Excellen REO. He is the former senior vice president of the REO department for American Home Loan Servicing, Inc. In this position Sternberg managed more than 200 employees and 33,000 assets. His duties included writing policies and procedures, creating a marketing program, hiring, managing the sales teams and representing the organization at industry conferences. During his tenure, Sternberg increased income and profitability by more than 400 percent in eight months. During his career, Sternberg also managed the REO department of one of the nation’s largest home loan lenders, Indymac Bank FSB, as the first vice president of home loan servicing and REO. Additionally, Sternberg’s former positions include national REO manager of Ocwen Federal Bank FSB, president of Virginia Commonwealth Realty and senior vice president of American Family Homes. Sternberg earned a bachelor’s degree from the University of Virginia. He is the former vice president of the Virginia Association of Realtors and past director of the National Association of Realtors. Sternberg is a frequent speaker at mortgage industry conferences and he has received a number of honors, including Realtor of the Year, the Fair Housing award and the Human Rights Award from the Virginia Human Rights Commission.