Management Manager

Cary Sternberg

Email: *********@********.***

Address: ***** ** **** ********* ***

City: The Villages

State: FL

Zip: 32162

Country: USA

Phone: 512-***-****

Skill Level: Director

Salary Range: $150,000

Willing to Relocate

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

Cary B Sternberg

17270 SE 85th Willowick Cir 352-***-****

The Villages, FL 32162 512-***-****

*************@***.***

Executive Leadership in Default Servicing

Experienced in the operation of companies large and small that engage in default loan servicing as a servicer or sub-servicer of loan portfolios. This includes legacy servicing as well as servicing for others including Government Sponsored Enterprises (GSE). Direct responsibilities for day to day operations, short and long range planning, budget development and implementation. Setting and achieving goals.

Experience includes:

*Personnel Supervision *Setting and Achieving Individual and Department Goals *Training

*Budgeting *Public/Private Sector Interaction *Long Range Planning *Staff Supervision

*Meeting Organization *Public Spokesman * Fair Lending/Housing Practices *GSE process flow *Loan Boarding * Internal Integration of Loan Servicing Acquisitions *Vendor Relationship Management

Career Highlights

Senior Vice President, Bank of America

May 2011-December 2012

Subject matter expert working with a team of developers to review and write or modify program procedures to ensure compliance with the OCC consent order as well as DOJ/FHFA initiatives and investor guidelines. Conducting gap analysis of governing documents (laws, rules, consent orders, investor guidelines and policies) to confirm that all aspects of those documents are covered in the program procedures. Program procedures are written or revised to provide requirements for the affected business units that are responsible for compliance. Act as intermediary between policy board and those responsible for implementing the policy including desktop process development and associate introduction and training.

President

Titanium Holdings/Excellen REO

October 2009 - March 2011

Responsible for establishing a new outsourcing division for Titanium Holdings. Recruiting, interviewing, hiring and training initial team members to operate as a full service outsourcing company. Selection of primary IT platform and development of networks for real estate brokers, eviction attorneys, closing attorneys and title companies. Established partnerships with national Property Preservation Companies to offer clients a country wide standard for pricing and service. Worked with in-home outreach programs for loss mitigation, HAMP and HAFA programs.

Senior Vice President Default Servicing

American Home Loan Servicing, Inc

Sept 2008-Sept 2009

Directly responsible for the daily operation of a default loan servicing division for American Home Mortgage Servicing, Inc., the nation`s largest privately held home loan servicer. Direct oversight of the division with over 214 FTE's. Duties included the selection, interviewing and hiring for all mid-level and above positions within the department. Worked directly with foreclosure, bankruptcy and eviction attorney networks. Part of the executive intake team responsible for boarding over 100,000 loans from Citi into the AHMSI proprietary servicing platform. Monitoring the day to day activity of the asset management teams to insure compliance with GSE and private investment pooling and servicing agreements, internal auditing requirements and KPIs. Represented the company at industry meetings and conferences. Wrote policy and procedures for the division and saw to their implementation. Inspected assets and reported to executive committees on the loss mitigation and severity of key assets. Developed an incentive compensation program for all levels of employees in the division and created a new profit center that funded it. Consolidated offices in Jacksonville FL, Irvine CA and Irving TX into the headquarters office in Irving, TX. Established new company-owned asset management company called PowerREO. Reduced the amount of business handled by outsourcing companies from 50% to zero. Increased staff size from 70 to 214 in less than 8 months. Increased income and profitability by more than 400% in 8 months.

First Vice-President Default Loan Servicing

Indymac Bank FSB

April 2006-Sept 2008

Responsible for the operation of a default servicing division for Indymac Bank FSB which included the day to day operation of the division and its` rapidly increasing REO asset inventory. Successfully increased REO department administrative, asset management and closing staffs to over 65 FTE's and 9,000 assets in six months. Monitored the activity of the teams with my management staff to insure compliance with pooling and servicing agreements, internal auditing requirements and KPIs. Represented the Bank at industry meetings and conferences. Wrote policy and procedures for the division. Reported to executive level bank committees on the loss mitigation and severity of key assets. Worked closely with the foreclosure department in evaluating and predicting volume. Assisting with critical decisions concerning short sales and loss mitigation as well as making decisions that involved GSE asset repurchases. Worked with the FDIC insuring a smooth transition when Indymac underwent conservatorship.

National REO Manager,

Ocwen Federal Bank FSB

April 2001-March 2006

Responsible for the REO department of a Federal Bank with an average inventory of over 5,200 assets. Establish department KPIs and manage the process to achieve them. Act as liaison between the company; outsource financial institutions, contractors and vendors. Worked with foreclosure attorney networks, bankruptcy and eviction attorney networks, national inspection/property preservation companies to increase the effectiveness our investors in the disposition of assets.

Education - Bachelor of Arts, University of Virginia, Charlottesville, VA

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