Fred Matera Promoted to Chief Executive Officer of CoreVest

CoreVest American Finance Lender, LLC ("CoreVest"), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. ("Redwood"), is pleased to announce the promotion of Fred Matera to Chief Executive Officer. A tenured leader at Redwood, Fred has served as CoreVest's Co-Head for the last year and has been an integral part of Redwood's leadership team since 2019. In his new role, Fred will continue to report to Dash Robinson, Redwood's President.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031081671/en/

Fred Matera Promoted to Chief Executive Officer of CoreVest (Photo: Business Wire)

As Chief Executive Officer of CoreVest, Fred will be responsible for overseeing all aspects of CoreVest's operating strategy, including product growth and distribution. His focus will also include driving innovation and expanding distribution channels, ensuring that CoreVest remains committed to delivering exceptional value to its customers and stakeholders.

Fred has demonstrated extensive leadership in managing both operating and investment platforms, most recently as Chief Investment Officer of Redwood in addition to his role as Co-Head of CoreVest. During this time, he has expanded CoreVest's operating footprint, driving forward strategies that have significantly enhanced the platform's market position. Fred boasts over 30 years of experience in residential lending and fixed income markets, including the last six with Redwood where he also spent time leading Redwood's Residential Consumer Mortgage Banking platform.

"I am pleased to announce the promotion of Fred Matera to Chief Executive Officer of CoreVest," said Christopher Abate, Chief Executive Officer of Redwood. "Fred's proven track record and market expertise will be instrumental as CoreVest enters a new stage of growth. With the market demanding more of CoreVest's products and services, the business is poised to scale under Fred's leadership."

"I am honored to take on this role and lead such a talented team," said Fred Matera. "I look forward to building on our successes and exploring new opportunities that will support our borrowers and propel CoreVest forward."

About CoreVest

CoreVest, a division of Redwood Trust, Inc., is the leading lender to residential real estate investors nationwide. It offers long-term loans for portfolios of rental properties as well as short-term bridge loans, investment credit lines and build for rent programs. With nearly $23 billion in loans closed and over 160,000 units financed, CoreVest offers attractive rates, rapid timelines and closing certainty. CoreVest works directly with borrowers and brokers. For more information, visit www.corevestfinance.com.

About Redwood

Redwood Trust, Inc. (NYSE:RWT) is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities, and our publicly traded shares. We operate our business in three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. Through RWT Horizons^®, our venture investing initiative, we invest in early-stage companies that have a direct nexus to our operating platforms. Additionally, through Aspire, our home equity investment ("HEI") platform, we directly originate HEI to homeowners. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. Redwood Trust is internally managed and structured as a real estate investment trust ("REIT") for tax purposes. For more information about Redwood, please visit our website at www.redwoodtrust.com or connect with us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031081671/en/