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Redwood Believe Names New Leader Funding Officer and Proclaims Transition of CoreVest Management Workforce


Fred Matera Named Leader Funding Officer

Deliberate CoreVest Management Transition to be Finished on 3rd Anniversary of Acquisition

MILL VALLEY, Calif., September 26, 2022–(BUSINESS WIRE)–Redwood Believe, Inc. (NYSE: RWT) (“Redwood” or the “Corporate”), a pacesetter in increasing get right of entry to to housing for homebuyers and renters, as of late introduced adjustments to its management workforce as a part of a strategic evolution of its organizational construction.

Fred Matera, Redwood’s present Head of Residential, will think the position of Leader Funding Officer of Redwood, overseeing centralized funding, capital markets and distribution purposes around the Corporate’s funding portfolio and Industry Objective Lending and Residential Loan Banking companies.

As well as, Beth O’Brien, Founder and Leader Govt Officer of CoreVest American Finance Lender LLC (“CoreVest”), and Christopher Hoeffel, President of CoreVest, will leave from Redwood on October 14, 2022. Those departures are scheduled to happen at the 3rd anniversary of Redwood’s acquisition of CoreVest as a part of a deliberate transition to a seasoned workforce of leaders inside CoreVest. Sprint Robinson, Redwood’s President, will proceed to take care of oversight over either one of Redwood’s loan banking platforms.

“I need to congratulate Fred Matera on his new position as Leader Funding Officer of Redwood,” stated Christopher Hamper, Leader Govt Officer of Redwood. “Fred has been a depended on spouse to Redwood over a few years in more than a few roles, offering priceless management. Fred will lead a collaborative effort that are supposed to additional make stronger our business main capital markets and making an investment disciplines to capitalize at the alternatives that we see in as of late’s markets. Fred’s deep experience throughout each the residential and business loan areas, monitor document in capital markets, and dedication to innovation have contributed to Redwood’s luck over time and we stay up for the management he’s going to proceed to carry to this essential serve as of our enterprise.”

“On behalf of Redwood, we need to thank Beth and Christopher immensely for his or her vital contributions over time,” stated Sprint Robinson, President of Redwood. “Since founding CoreVest in 2014, Beth, together with Christopher, Ryan McBride and the remainder of the management workforce, have grown the platform to be the nationwide chief within the enterprise objective loan area, with an outstanding recognition and unequalled marketplace footprint. CoreVest stays a vital driving force of Redwood’s enterprise technique and creating and transitioning to the following era of management has been a key driving force for the long-term luck of the platform. We stay up for proceeding to ship worth to our CoreVest shoppers via best-in-class carrier and our huge array of goods that distinguish us as a real life-cycle lender.”

About Redwood

Redwood Believe, Inc. (NYSE: RWT) is a strong point finance corporate curious about a number of distinct spaces of housing credit score. Our working platforms occupy a novel place within the housing finance worth chain, offering liquidity to rising segments of the U.S. housing marketplace now not smartly served by means of executive methods. We ship custom designed housing credit score investments to a various mixture of buyers, via our best-in-class securitization platforms; whole-loan distribution actions; and our publicly traded stocks. Our aggregation, origination and funding actions have advanced to include a various mixture of residential, enterprise objective and multifamily property. Our objective is to supply horny returns to shareholders via a strong and rising move of profits and dividends, capital appreciation, and a dedication to technological innovation that facilitates risk-minded scale. We function our enterprise in 3 segments: Residential Loan Banking, Industry Objective Loan Banking and Funding Portfolio. Moreover, via RWT Horizons™, our project making an investment initiative, we put money into early-stage corporations strategically aligned with our enterprise around the lending, actual property, and fiscal era sectors to force inventions throughout our residential and business-purpose lending platforms. Since going public in 1994, we’ve controlled our enterprise via a number of cycles, constructed a monitor document of innovation, and established a best-in-class recognition for carrier and a common sense solution to credit score making an investment. Redwood Believe is internally controlled and structured as an actual property funding believe (“REIT”) for tax functions. For more info about Redwood, please talk over with our website online at www.redwoodtrust.com or connect to us on LinkedIn, Twitter, or Fb.

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Kaitlyn Mauritz
SVP, Head of Investor Family members
Telephone: 866-269-4976
Electronic mail: [email protected]