Fred Matera Promoted to Chief Executive Officer of CoreVest
CoreVest, a division of Redwood Trust, has promoted Fred Matera to Chief Executive Officer. Matera, who previously served as CoreVest's Co-Head and Redwood's Chief Investment Officer, will oversee CoreVest's operating strategy, product growth, and distribution. With over 30 years of experience in residential lending and fixed income markets, Matera has been part of Redwood's leadership team since 2019. In his new role, he will continue reporting to Dash Robinson, Redwood's President, focusing on driving innovation and expanding distribution channels to enhance value for customers and stakeholders.
CoreVest, una divisione di Redwood Trust, ha promosso Fred Matera a Amministratore Delegato. Matera, che in precedenza ha ricoperto i ruoli di Co-Head di CoreVest e Chief Investment Officer di Redwood, supervisionerà la strategia operativa, la crescita dei prodotti e la distribuzione di CoreVest. Con oltre 30 anni di esperienza nel settore dei prestiti residenziali e dei mercati a reddito fisso, Matera fa parte del team di leadership di Redwood dal 2019. Nel suo nuovo ruolo, continuerà a riferire a Dash Robinson, Presidente di Redwood, concentrandosi sull'innovazione e l'espansione dei canali di distribuzione per aumentare il valore per clienti e stakeholder.
CoreVest, una división de Redwood Trust, ha ascendido a Fred Matera al cargo de Director Ejecutivo. Matera, quien anteriormente se desempeñó como Co-Head de CoreVest y Chief Investment Officer de Redwood, supervisará la estrategia operativa, el crecimiento de productos y la distribución de CoreVest. Con más de 30 años de experiencia en préstamos residenciales y mercados de renta fija, Matera ha sido parte del equipo de liderazgo de Redwood desde 2019. En su nuevo puesto, continuará reportando a Dash Robinson, Presidente de Redwood, centrándose en impulsar la innovación y expandir los canales de distribución para aumentar el valor para clientes y partes interesadas.
CoreVest, Redwood Trust의 한 부서,가 Fred Matera를 최고 경영자로 승진시켰습니다. Matera는 이전에 CoreVest의 공동 책임자 및 Redwood의 최고 투자 책임자로 근무했으며, CoreVest의 운영 전략과 제품 성장 그리고 유통을 감독할 것입니다. 주택 대출 및 고정 수익 시장에서 30년 이상의 경험을 가진 Matera는 2019년부터 Redwood의 리더십 팀의 일원이었습니다. 그의 새로운 역할에서 그는 고객과 이해관계자에게 가치를 증대시키기 위해 혁신을 주도하고 유통 채널을 확장하는 데 집중하며 Redwood의 회장인 Dash Robinson에게 계속 보고할 것입니다.
CoreVest, une division de Redwood Trust, a promu Fred Matera au poste de Directeur Général. Matera, qui occupait précédemment les fonctions de Co-Head de CoreVest et de Chief Investment Officer de Redwood, supervisera la stratégie opérationnelle, la croissance des produits et la distribution de CoreVest. Fort de plus de 30 ans d'expérience dans le prêt résidentiel et les marchés des revenus fixes, Matera fait partie de l'équipe dirigeante de Redwood depuis 2019. Dans son nouveau rôle, il continuera à rendre compte à Dash Robinson, Président de Redwood, en se concentrant sur l'innovation et l'expansion des canaux de distribution pour accroître la valeur pour les clients et les parties prenantes.
CoreVest, eine Abteilung von Redwood Trust, hat Fred Matera zum Chief Executive Officer ernannt. Matera, der zuvor als Co-Head von CoreVest und Chief Investment Officer von Redwood tätig war, wird die operative Strategie, das Produktwachstum und die Distribution von CoreVest überwachen. Mit über 30 Jahren Erfahrung im Bereich der Wohnungsbaufinanzierung und der festverzinslichen Märkte ist Matera seit 2019 Teil des Führungsteams von Redwood. In seiner neuen Rolle wird er weiterhin an Dash Robinson, den Präsidenten von Redwood, berichten und sich darauf konzentrieren, Innovationen voranzutreiben und die Vertriebskanäle auszubauen, um den Wert für Kunden und Interessengruppen zu steigern.
- Appointment of experienced leader with 30+ years in residential lending
- Internal promotion indicates organizational stability and succession planning
- Executive has proven track record of expanding operational footprint
- None.
Insights
Management changes at the subsidiary level, such as CoreVest's CEO appointment, typically have minimal direct impact on Redwood Trust's (RWT) stock performance. While Fred Matera brings significant experience and has been integral to CoreVest's operations, this internal promotion represents continuity rather than transformative change. The announcement maintains existing reporting structures with Matera continuing to report to Redwood's President.
CoreVest's role as a residential real estate investor lender remains strategically important for Redwood Trust, but this leadership transition is unlikely to materially affect near-term financial performance or investor sentiment. The market generally views such internal promotions as routine corporate governance rather than catalysts for significant value creation.
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
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031081671/en/
Kaitlyn Mauritz
Head of Investor Relations
Phone: 866-269-4976
Email: investorrelations@redwoodtrust.com
Source: CoreVest American Finance Lender, LLC
FAQ
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