Equity-based Home Financing Innovator EquiFi Corporation Appoints Fred J. Matera Chief Investment Officer

Former Chief Investment Officer at Redwood Trust, Matera To Join EquiFi Leadership Team

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Oct 03, 2018, 08:00 ET

SAN JOSE, Calif., Oct. 3, 2018 /PRNewswire/ -- EquiFi Corporation, developers of the Equity Funding Instrument (EFI™), a home equity-based financing solution transforming the relationship between debt, equity and homeownership, today announced the appointment of Fred J. Matera, as executive vice president (EVP) and chief investment officer (CIO).

EquiFi Corporation Appoints Fred J. Matera as Chief Investment Officer

A highly accomplished Wall Street investment banking and financial markets expert, Matera will oversee EquiFi's capital markets development, securitization, portfolio construction, and management services, and will be reporting to David Shapiro, EquiFi's founder and chief executive officer.

"Fred's Wall Street and mortgage experience adds a significant capability to EquiFi's executive and operational teams," said David Shapiro, founder and CEO, EquiFi. "Our mission to help homeowners and homebuyers requires significant investment capital and Fred will be taking that challenge head on."

Matera was formerly the chief investment officer and EVP at Redwood Trust, a market leading specialty finance company focused on credit investing and securitization of jumbo residential mortgages. He also held positions as managing director and co-head of Structured Credit at RBS Greenwich Capital, director at Donaldson Lufkin Jenrette/Credit Suisse, vice president at Goldman Sachs and economic analyst at the Federal Reserve Bank of New York. Most recently Matera was COO and chief investment officer at LendUS/RPM, a private mortgage lender, where he was chairman of the Credit Committee, co-headed bank operations and was responsible for loan manufacturing processes and external capital raising.

"Housing finance is so important for the economy and impacts people's lives directly," said Fred Matera, EVP and CIO, EquiFi. "It's exciting to be joining the EquiFi team to work on innovative, private-sector solutions that seek to make housing more affordable and more stable. Historically solutions have focused exclusively on the debt side, how do we add leverage or lower cost of debt. EquiFi's focus is on the equity component, using the capital markets to optimize the sizing, pricing and risk allocation of the equity in one's home."

Matera holds a bachelor's degree in Economics from Tufts University and an MBA in Finance from the Wharton School at the University of Pennsylvania.

About EquiFi
EquiFi's mission is to liberate consumers from debt and transform the way they manage wealth starting with their most important asset—their home. EquiFi is a C Corporation with a Public Benefit Corporation designation and is committed to fairness and transparency across its entire eco-system. Based on a powerful, proprietary technology platform, EquiFi's Equity Funding Instrument (EFI™) matches consumer housing needs with investor interest.

The EFI is a debt free product with no monthly payment licensed to "origination partners" – banks, mortgage lenders, credit unions, financial advisors, as well as corporate and public organizations – all are interested in helping consumers purchase a home or needing to access equity in a home.

For more information, please visit www.equifi.com.

SOURCE EquiFi Corporation