Redwood Trust

  www.redwoodtrust.com
  www.redwoodtrust.com
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Redwood Trust Reviews

Updated April 7, 2014
Updated April 7, 2014
13 Reviews
4.0
13 Reviews
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Redwood Trust President and CEO Martin S. Hughes
Martin S. Hughes
4 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Great Potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Redwood Trust

    Pros

    Recently opened the center in Denver so there is lots of room for growth. (Ive only been here for 3 months) Management seem to be trying to learn from the mistakes of the past, and really create a culture and environment which is both profitable and fun to work in. This is the first job I've had in my career which I actually feel happy to be going to everyday.

    Cons

    Since the Denver operation is essentially a start-up, there is no formalized training, got to be a self starter.

    Advice to ManagementAdvice

    Don't get too big too fast. Grow the correct way and this will be a great place to work and prosper for many years

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Cultural shift (to the worse)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Redwood Trust full-time

    Pros

    Excellent salary structure, beautiful office location, great benefits...

    Cons

    With the departure of the founding, top executive leadership to the current leadership, the culture transitioned from a fairly transparent, somewhat flat organizational structure to an opaque, rigidly hierarchical good-old-boy system.

    Advice to ManagementAdvice

    With the above referenced transition, opportunities for merit-based career advancement that might have previously existed, have all but vanished -- seemingly overnight. Management would be well served to bring this piece back.

    Doesn't Recommend
    Neutral Outlook
  3. 2 people found this helpful  

    Amazing opportunity...lucky to have them come to the Denver area!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Englewood, CO
    Current Employee - Anonymous Employee in Englewood, CO

    I have been working at Redwood Trust full-time for less than a year

    Pros

    Where do I start? The opportunity for professional growth is extraordinary! The management team is down to earth and very approachable. The culture is definitely one of a kind and the company takes the time to consider what makes employees happy. I have worked for some great companies in the past...and I am not exaggerating when I say this one takes the cake!

    Cons

    I have been with the company for 5 months...and no cons to report of.

    Advice to ManagementAdvice

    Keep up the great work!

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Very bright future... down to earth management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Denver, CO
    Current Employee - Anonymous Employee in Denver, CO

    I have been working at Redwood Trust full-time for less than a year

    Pros

    It is refreshing this day in age to find a company who understands employees on a very real level. I am excited to have a career with this company and not be in concerned about where I will be 5 years from now!

    Cons

    No actual "cons" but I am always looking forward to the coming years and hope the smartest decisions are made for the longevity of the company.

    Advice to ManagementAdvice

    Continue to ask "who are we" and "what makes us different".

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    I'd like my employment with Redwood Trust to be my last job!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President, Secondary Marketing  in  Denver, CO
    Current Employee - Vice President, Secondary Marketing in Denver, CO

    I have been working at Redwood Trust full-time for less than a year

    Pros

    Respected industry participant; committed, dynamic leadership; friendly, collegail, smart personnel; postive sector growth; key industry participant in the market's recovery

    Cons

    South of DTC is the wrong end of town for me, but I'm happy to do the drive

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    In Redwood we don't Trust!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Manager  in  Mill Valley, CA
    Former Employee - Manager in Mill Valley, CA

    I worked at Redwood Trust

    Pros

    decent comp.
    lots of social events to make up for the crap work environement

    Cons

    Hyper - political
    Old Boys Network - "if you ain't in the in...you ain't gettin in" (no respect for women or diversity)
    Management ranks are poor except for a select few
    They talk a lot of game in the diversity, work life and equality areas but have no intention of delivering
    Static business model.......unable to game change their business - no real thought leaders there!

    Advice to ManagementAdvice

    Why bother....these guysare all Prima Donnas that wouldn't listen to advice unless from their own mouth (no women - the recent CFO hire is a figurehead hire - don't be fooled)

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Some Good, Some Bad at RWT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Mill Valley, CA
    Former Employee - Anonymous Employee in Mill Valley, CA

    I worked at Redwood Trust

    Pros

    Very bright, hard-working team at Redwood. Chance to learn from some of the best in the business.

    Cons

    Culture encourages cliques, more favorable to men than women.

    Advice to ManagementAdvice

    Reward people based on job performance not personal relationships

    Disapproves of CEO
  9. 1 person found this helpful  

    Redwood is a great place to work but change is in the air.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President  in  Mill Valley, CA
    Current Employee - Assistant Vice President in Mill Valley, CA

    I have been working at Redwood Trust

    Pros

    George Bull and his senior management team has made Redwood Trust a great company to work for because they value their people. The culture is very distinct and to succeed, you'll need to work hard, adapt, and fit in. Employees are valued and developed with regular coaching and training. There are plenty of activities organized by employees to get to know each other.

    Cons

    Building relationships with key people means success. None means you're stuck or you're out. It's just the way things work. Life's not fair and that's reality.

    Advice to ManagementAdvice

    Not all people are qualified to be managers. They may be great at their jobs but coaching and developing people may not be their strength. Subordinates suffer because of that. Managers will continue to need training to improve their skills.

    Recommends
    Approves of CEO
  10. 1 person found this helpful  

    Fairly Stable Future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Mill Valley, CA
    Former Employee - Anonymous Employee in Mill Valley, CA

    I worked at Redwood Trust

    Pros

    Business model works in a bull real estate market. As a REIT, very lofty goal to compete with GSE - Yahoo's Business Summary: Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages real estate assets. The company invests in residential and commercial real estate loans, and in asset-backed securities backed by real estate loans. It credit-enhances loans by acquiring and managing the first-loss and credit-sensitive securities that bear the credit risk of securitized loans. For federal income tax purposes, the company is structured as a real estate investment trust (REIT). As a REIT, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. Redwood Trust, Inc. was founded in 1994 and is based in Mill Valley, California.

    Cons

    REIT model does not enable negative view and bets towards downside

    Advice to ManagementAdvice

    Bunker down, it's going to be tough for the next couple of years. No advice needed since the Senior Management has been though this type of adversity before and survived.

    Recommends
    No opinion of CEO
  11.  

    work hard, don't get paid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Job Titles Do Not Mean Anything At Redwood, Because You Still Don't Get Paid
    Former Employee - Job Titles Do Not Mean Anything At Redwood, Because You Still Don't Get Paid

    I worked at Redwood Trust

    Pros

    used to be a great place to learn
    used to have a great culture and a fun work environment
    then it turned into a frat house and politics took over
    and the mortgage industry went down the drain
    at this point they are just fighting to stay afloat

    Cons

    company will probably be downsizing from 90 employees to 20 to stay in business
    if you can't booze and schmooze, you can't advance
    a lot of scandals between employees
    hard for women and minorities to advance
    does not promote from within
    high turnover

    Advice to ManagementAdvice

    don't pretend to be a wall street company, when you pay like a credit union

    No opinion of CEO

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