CoreVest executives depart amid organizational shakeup

Robinson said that CoreVest remains a critical driver of Redwood’s business strategy, and transitioning to the next generation of leadership had been a key driver for the platform’s long-term success.

Separately, Redwood promoted Fred Matera, its current head of residential business, to chief investment officer. Matera will oversee the company’s centralized investment, capital markets and distribution functions across its investment, business purpose lending, and residential mortgage banking portfolios.

Congratulating Matera on his appointment, Redwood CEO Christopher Abate said: “Fred has been a trusted partner to Redwood over many years in various roles, providing invaluable leadership. Fred will lead a collaborative effort that should further strengthen our industry-leading capital markets and investing disciplines to capitalize on the opportunities we see in today’s markets. Fred’s deep expertise across both the residential and commercial mortgage spaces, track record in capital markets, and commitment to innovation have contributed to Redwood’s success over the years, and we look forward to the leadership he will continue to bring to this important function of our business.”