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CoreVest Appoints Three Leaders to Leadership Team | Your money

NEW YORK–(BUSINESS WIRE)–April 4, 2022–

CoreVest American Finance Lender, LLC (“CoreVest” or the “Company”), a leading national residential real estate investor lender and a division of Redwood Trust, Inc., today announced promotions and a new hire to the management team who will further accelerate and support the Company’s growth and brand awareness in the business lending (“BPL”) market. These promotions include the appointments of Brad Chmura as Chief Operating Officer and Micaela Lumpkin as Chief Credit Officer. In addition, the Company has hired Michael Peerson as Chief Investment Officer. These promotions and the addition of Mr. Peerson are effective immediately. Mr. Chmura will report to Beth O’Brien, CEO, and Ms. Lumpkin and Mr. Peerson will report to Christopher Hoeffel, President.

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CoreVest promoted Micaela Lumpkin to Chief Credit Officer, Brad Chmura to Chief Operating Officer and hired Michael Peerson to Chief Investment Officer (Photo: Business Wire)

Brad Chmura is promoted from Head of Production to Chief Operating Officer. In his new role, Mr. Chmura will be responsible for the design, implementation and oversight of CoreVest’s business operations. Mr. Chmura joined CoreVest in 2017 as Head of Production and has overseen unprecedented growth in loan origination volume, including a record volume of $2.3 billion in 2021. Mr. Chmura brings experience depth in both direct mortgage origination and data analysis for mortgage companies.

Micaela Lumpkin is promoted from Head of Term Lending to Director of Credit. In her new role, Ms. Lumpkin will be responsible for overseeing and administering CoreVest’s credit practices, lending policies and procedures. Ms. Lumpkin has been with CoreVest since 2016 and played a key role in the design and implementation of CoreVest’s long-term rental program, becoming the undisputed leader in this lending product. Prior to joining CoreVest, Ms. Lumpkin was a practicing attorney covering real estate and finance, including mortgage and mezzanine financing.

To complete the management team, CoreVest also announced the hiring of Michael Peerson as Chief Investment Officer. In his role, Mr. Peerson will be responsible for leading capital markets initiatives for CoreVest, overseeing CoreVest’s product strategy and positioning as well as focusing on new product development and expanded distribution efforts. . Mr. Peerson brings knowledge of multiple asset classes to CoreVest, including extensive Single Family Rental (“SFR”) experience as one of the industry’s leading traders since the early days of the SFR market.

“I am extremely excited to see Brad and Micaela’s growth over the years and look forward to the continued impact they will have on CoreVest in the future,” said Beth O’Brien. , President and Chief Executive Officer. “Their unique insights, including their crucial roles in building the company since its inception, will continue to help grow our core business and our new initiatives.”

Christopher Hoeffel, Chairman, added, “Michael has unparalleled experience in the SFR market and has been an excellent resource to CoreVest for market intelligence and investor demand. It was a natural progression to have him join our team as we expand our capital markets product offering. We look forward to the skills and connections he brings to our market-leading platform.

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 rental property portfolios as well as short-term bridge loans, investment lines of credit and building programs for rental. With over $15 billion in loans closed and over 100,000 units financed, CoreVest offers attractive rates, fast turnaround times and closing certainty. The company works directly with borrowers and brokers. For more information, visit www.corevestfinance.com.

Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Redwood’s actual results may differ from Redwood’s beliefs, expectations, estimates and projections and, accordingly, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate”, “estimate”, “will”, “should”, “expect”, “believe”, “intend”. of”, “seek”, “plan” and similar expressions or their negative forms, or by references to strategy, plans or intentions. These forward-looking statements are subject to risks and uncertainties, including, among others, those described in Redwood’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 under the heading “Risk Factors”. Other risks, uncertainties and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or review the dice forward-looking statements, whether as a result of new information, future events or otherwise.

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CONTACT: Tuan Pham

1-949-344-7884

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

SECTOR KEYWORD: REIT FINANCE BANKING PROFESSIONAL SERVICES CONSTRUCTION & REAL ESTATE

SOURCE: CoreVest American Finance Lender, LLC

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PUBLICATION: 04/04/2022 08:30 / DISK: 04/04/2022 08:32

http://www.businesswire.com/news/home/20220404005283/en