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Beckmann IsLeaving Citi.
O'Fallon, MO -- Bill Beckmann, president of CitiMortgage, will leave the unit by the end of June, Mortgage Servicing News has learned.
In a memo, Citigroup said Mr. Beckmann is stepping down "to spend more time with his family."
A spokesman for Citigroup confirmed the departure, noting, "We're developing a transition plan now." No immediate successor was named for the industry's third largest servicer. Up until last year Mr. Beckmann managed only Citigroup's "A" paper business. Like a handful of other large originators, Citigroup merged its nonprime business into its prime unit. Until the end of June, Mr. Beckmann will oversee CitiMortgage ...
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