MERSCORP Names Bill Beckmann New President & CEO Mortgage Industry Veteran Will Also Lead Subsidiary

RESTON, VA – April 29, 2011 – (RealEstateRama) — MERSCORP, Inc. today announced the appointment of mortgage industry veteran Bill Beckmann as president and chief executive officer of MERSCORP, Inc., and the Reston-based company’s subsidiary, Mortgage Electronic Registration Systems, Inc.

Beckmann joins MERSCORP from Beckmann Insights, LLC, an independent consulting firm where he was president. He was formerly chairman and CEO of CitiMortgage, Inc., one of the nation’s leading originators and servicers of residential mortgages.

“We’re delighted to have Bill at the helm at an important time in MERSCORP’s history,” said Kurt Pfotenhauer, the MERSCORP Chairman. “His knowledge of the mortgage industry and exceptional management experience will be instrumental as we continue to implement initiatives to strengthen and improve the MERS® brand.”

MERSCORP operates the only national, real-time database that tracks mortgages, building on county land records to make mortgage information more accessible and transparent. “I’m excited to be joining the MERSCORP team and looking forward to leading an organization that provides a unique and vital service to the nation’s housing finance system,” said Beckmann.

During his tenure at CitiMortgage, the company had four million residential mortgage customers, representing over $800 billion in serviced assets. Beckmann had responsibility for strategy, sales, operations, capital markets, and regulation/compliance. Prior to this, he was president of Citigroup’s real estate servicing and technology group, providing customer service, technology and default management services to customers of CitiMortgage, CitiFinancial and Citi’s Auto business.

From 1997 to 2003 Beckmann was the chairman and CEO of The Student Loan Corporation. He has also worked in IBM’s Corporate Strategy and Internet Marketing divisions, Citigroup’s Card Products group, and European American Bank’s strategy department in various marketing, strategy, finance and treasury roles.

Beckmann is on the Boards of Junior Achievement of Mississippi Valley, Enterprise Community Partners and Enterprise Community Investments. He holds an M.S. in Management from the Stanford Sloan Program and a B.A. in Mathematical Economics from Brown University.

Contact:
Janis L. Smith, Vice President of Corporate Communications
Tel: 703-738-0230