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Statement on the Appointment of Bill Beckmann as MISMO Chairman

FOR IMMEDIATE RELEASE 

Contact: Janis Smith
Phone: 703.738.0230
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Reston, VA, January 20, 2016 – We congratulate Bill Beckmann, President and Chief Executive Officer of MERSCORP Holdings, Inc. and Mortgage Electronic Registration Systems, Inc., (collectively, “MERS”) on his appointment by the Mortgage Bankers Association (“MBA”) to the leadership role of Chairman of the Mortgage Industry Standards Maintenance Organization (MISMO).

“MERS’ strongly supports MISMO's efforts to develop and advance mortgage data and technology standards and collaboration to solve business issues,” said Beckmann. These objectives are well aligned with MERS’ role as an industry utility dedicated to providing e-commerce solutions for today and the future.”

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MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. It is a member-based organization made up of thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. The MERS® System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members. For more information, visit www.mersinc.org.

MISMO® is the standards development body for the mortgage industry. The use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.

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