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Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency Opportunities

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Redwood Trust (NYSE: RWT) announces two strategic hires to enhance its technology and non-Agency mortgage capabilities. Abhinav Asthana joins as Chief Technology Officer effective November 1st, bringing nearly two decades of tech experience to lead AI initiatives and digital transformation. Jason Kopcak joins as Head of Alternative Strategies to expand non-Agency products and distribution channels. Asthana, previously at Tavant, will oversee technology operations and AI implementation. Kopcak, with experience at Morgan Stanley and Nomura Holdings, will focus on serving underserved borrowers and strengthening institutional investor relationships.

Redwood Trust (NYSE: RWT) annuncia due assunzioni strategiche per migliorare le sue capacità tecnologiche e nel settore dei mutui non-Agency. Abhinav Asthana entra come Chief Technology Officer a partire dal 1° novembre, portando con sé quasi due decenni di esperienza nel settore tecnologico per guidare le iniziative di intelligenza artificiale e la trasformazione digitale. Jason Kopcak entra come Responsabile delle Strategie Alternative per ampliare i prodotti non-Agency e i canali di distribuzione. Asthana, precedentemente in Tavant, supervisionerà le operazioni tecnologiche e l'implementazione dell'IA. Kopcak, con esperienza in Morgan Stanley e Nomura Holdings, si concentrerà sul servizio ai mutuatari sotto-serviti e sul rafforzamento delle relazioni con gli investitori istituzionali.

Redwood Trust (NYSE: RWT) anuncia dos contrataciones estratégicas para mejorar sus capacidades tecnológicas y de hipotecas no-Agency. Abhinav Asthana se une como Director de Tecnología a partir del 1 de noviembre, aportando casi dos décadas de experiencia en tecnología para liderar iniciativas de IA y la transformación digital. Jason Kopcak se une como Jefe de Estrategias Alternativas para expandir los productos no-Agency y los canales de distribución. Asthana, anteriormente en Tavant, supervisará las operaciones tecnológicas y la implementación de IA. Kopcak, con experiencia en Morgan Stanley y Nomura Holdings, se enfocará en atender a prestatarios desatendidos y fortalecer las relaciones con inversores institucionales.

레드우드 트러스트 (NYSE: RWT)는 기술 및 비-기관 모기지 역량을 향상시키기 위해 두 명의 전략적 인사를 발표했습니다. 아비나브 아스탄하가 11월 1일부터 최고 기술 책임자로 합류하며, 거의 20년의 기술 경험을 바탕으로 AI 이니셔티브 및 디지털 혁신을 이끌 예정입니다. 제이슨 코프칵이 대체 전략 책임자로 합류하여 비-기관 제품 및 유통 채널을 확장합니다. 아스탄하는 이전에 타반트에서 근무했으며, 기술 운영 및 AI 구현을 감독할 것입니다. 코프칵은 모건 스탠리와 노무라 홀딩스에서 경험을 쌓았으며, 서비스가 부족한 차용인을 돕고 기관 투자자 관계를 강화하는 데 집중할 것입니다.

Redwood Trust (NYSE: RWT) annonce deux recrutements stratégiques pour améliorer ses capacités technologiques et de prêts hypothécaires non-agence. Abhinav Asthana rejoint l'équipe en tant que Directeur Technique à partir du 1er novembre, apportant près de deux décennies d'expérience dans le secteur technologique pour diriger les initiatives d'IA et la transformation numérique. Jason Kopcak rejoint en tant que Responsable des Stratégies Alternatives pour élargir les produits non-agence et les canaux de distribution. Asthana, anciennement chez Tavant, supervisera les opérations technologiques et la mise en œuvre de l'IA. Kopcak, avec une expérience chez Morgan Stanley et Nomura Holdings, se concentrera sur le service aux emprunteurs mal desservis et sur le renforcement des relations avec les investisseurs institutionnels.

Redwood Trust (NYSE: RWT) gibt zwei strategische Einstellungen bekannt, um seine Technologie- und Nicht-Agentur-Hypothekenfähigkeiten zu verbessern. Abhinav Asthana tritt am 1. November als Chief Technology Officer bei und bringt fast zwei Jahrzehnte Erfahrung in der Technologie mit, um KI-Initiativen und digitale Transformation zu leiten. Jason Kopcak kommt als Leiter der Alternativen Strategien hinzu, um Nicht-Agentur-Produkte und Vertriebskanäle auszubauen. Asthana, zuvor bei Tavant, wird die Technologieoperationen und die Implementierung von KI überwachen. Kopcak, mit Erfahrung bei Morgan Stanley und Nomura Holdings, wird sich darauf konzentrieren, unterversorgte Kreditnehmer zu bedienen und die Beziehungen zu institutionellen Investoren zu stärken.

Positive
  • Strategic expansion of digital capabilities and AI implementation
  • Strengthening of non-Agency mortgage business through experienced leadership
  • Potential reduction in production and customer acquisition costs through tech solutions
  • Enhanced distribution channels across operating platforms
Negative
  • None.

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood’s mission of making quality housing – whether rented or owned – accessible to all American households.

Abhinav Asthana joins the company as Chief Technology Officer, effective November 1st. With a distinguished track record of driving progress in mortgage technology, Abhinav will lead the Company’s efforts to enhance its product offerings through an expansion of its digital capabilities and artificial intelligence (“AI”) footprint. Additionally, Jason Kopcak recently joined Redwood as Head of Alternative Strategies, with a mandate to deepen the Company’s presence in alternative non-Agency products and expand distribution channels across its operating platforms.

As Chief Technology Officer, Abhinav will be responsible for overseeing all technology-related aspects of the Company, including application development, infrastructure, and IT operations. Abhinav will spearhead Redwood’s initiatives to use AI to develop safe and common-sense solutions that enhance functionality, efficiency, and user experience for customers and employees. He joins Redwood with almost two decades of experience in the technology and software industry, most recently serving as Head of Products at Tavant. He has also held product leadership and engineering positions at Wipro and Hewlett-Packard. Known for his expertise in AI implementation and digital transformation, Abhinav has successfully launched numerous cutting-edge initiatives that have transformed organizations and delivered significant value to customers across the consumer finance industry.

“We are thrilled to welcome Abhinav to our team,” said Christopher Abate, Chief Executive Officer of Redwood Trust. “Abhinav is a dynamic leader with a track record of harnessing technology to deliver exceptional results. In an era where the mortgage industry struggles to deliver access to quality housing, Abhinav’s expertise in technology and AI will be pivotal in addressing this need. Supported by our talented technology team, we are committed to delivering world class, tech-forward solutions to reduce production and customer acquisition costs, directly benefiting aspiring homeowners.”

Jason Kopcak joins the team after a year of consulting with the Company. His experience includes sound corporate executive leadership along with expertise in launching successful new products and driving growth initiatives. During Jason’s career, he has held various mortgage finance leadership roles, including as the Chief Executive Officer of a publicly traded asset management and private credit provider. He also was employed at Morgan Stanley and Nomura Holdings, Inc. where he held leadership roles within the Residential teams at each institution, involved in various facets of the mortgage business from trading, warehousing, securitization to investment banking.

“Jason brings a wealth of knowledge and experience in product development and distribution across the non-agency space,” continued Abate. “As Redwood seeks to drive solutions for the growing cohort of underserved borrowers who do not meet traditional lending requirements, Jason is the perfect fit to help us strengthen our market position. Furthermore, Jason’s established relationships with institutional investors will enable us to explore new opportunities for distribution, partnerships, and growth.”

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.

Kaitlyn Mauritz

Head of Investor Relations

Phone: 866-269-4976

Email: investorrelations@redwoodtrust.com

Source: Redwood Trust, Inc.

FAQ

Who is the new CTO of Redwood Trust (RWT)?

Abhinav Asthana joins Redwood Trust as Chief Technology Officer effective November 1st, bringing almost two decades of technology and software industry experience.

What is Redwood Trust's (RWT) strategy for AI implementation?

Redwood Trust plans to use AI to develop safe solutions that enhance functionality, efficiency, and user experience for customers and employees, led by new CTO Abhinav Asthana.

What role does Jason Kopcak have at Redwood Trust (RWT)?

Jason Kopcak joins Redwood Trust as Head of Alternative Strategies, focusing on expanding non-Agency products and distribution channels across operating platforms.

How will Redwood Trust (RWT) improve its mortgage business through technology?

Through AI and digital transformation initiatives, Redwood Trust aims to reduce production and customer acquisition costs, making quality housing more accessible to homeowners.

Redwood Trust, Inc.

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