Redwood Trust, Inc. announced changes to its leadership team as part of a strategic evolution of its organizational structure. Fred Matera, Redwood's current Head of Residential, will assume the role of Chief Investment Officer of Redwood, overseeing centralized investment, capital markets and distribution functions across the Company's investment portfolio and Business Purpose Lending and Residential Mortgage Banking businesses. In addition, Beth O'Brien, Founder and Chief Executive Officer of CoreVest American Finance Lender LLC (“CoreVest”), and Christopher Hoeffel, President of CoreVest, will depart from Redwood on October 14, 2022.

These departures are scheduled to occur on the third anniversary of Redwood's acquisition of CoreVest as part of a planned transition to a seasoned group of leaders within CoreVest. Dash Robinson, Redwood's President, will continue to maintain oversight over both of Redwood's mortgage banking platforms.