|
|
The president of CitiMortgage is leaving the company.
Bill Beckmann will resign at the end of June, according to a copy of an internal Citi announcement dated May 27 from Steven J. Freiberg. Beckmann is reportedly leaving to spend more time with his family. He replaced David Schneider as president of CitiMortgage in July 2005 following Schneider’s departure the month before to run Washington Mutual’s home loans division. Beckmann previously served as president of Citi’s Real Estate Servicing and Technology Division, and prior to that he oversaw specialty lending within the parent company’s U.S. Consumer Assets Division. “Under Bill’s leadership, CitiMortgage originations grew dramatically from 2004 to 2007,” Freiberg said in the announcement. “He made great strides strengthening and streamlining our mortgage business by integrating our residential real estate lending businesses into a single, product-focused group.” Citigroup reported $151.9 billion in 2007 originations compared to $99.1 billion in 2004. Citigroup’s first quarter 2008 production of $34.3 billion was down, however, from $39.6 billion a year earlier. No replacement has yet been named, a spokesman told MortgageDaily.com. Freiberg noted he will be working with Beckmann on a new leadership structure over the next month. |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at