Redwood Trust, Inc. (NYSE:RWT) Q3 2019 Earnings Conference Call - Final Transcript
Oct 30, 2019 • 05:00 pm ET
Good afternoon, and welcome to the Redwood Trust Incorporated Third Quarter 2019 Financial Results Conference Call. [Operator Instructions]
I will now turn the call over to Lisa Hartman, Redwood's Senior Vice President and Head of Investor Relations for opening remarks and introductions. Please go ahead, ma'am.
Hi. Thank you, Jerry. Hello, everyone. Thank you for participating in Redwood's third quarter 2019 financial results call. Joining me on the call today are Chris Abate, Redwood's Chief Executive Officer; Dash Robinson, Redwood's President; and Collin Cochrane, Redwood's Chief Financial Officer.
Before we begin, I want to remind you that certain statements made during Management's presentation with respect to future financial or business performance may constitute forward-looking statements. Forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual results to differ materially. We encourage you to read the Company's annual report on Form 10-K, which provides a description of some of the factors that could have a material impact on the Company's performance and could cause actual results to differ from those
that may be expressed in forward-looking statements.
On this call, we will also refer to both GAAP and non-GAAP financial measures. The non-GAAP financial measures provided should not be utilized in isolation or considered as a substitute for measures of financial performance prepared in accordance with GAAP. They are included to aid investors in further understanding the Company's performance and to provide insight into one of the ways that management analyzes Redwood's performance.
A reconciliation between GAAP and non-GAAP financial measures is provided in both our third quarter earnings press release and Redwood review available on our website. Also note that the content of this conference call contains time-sensitive information that is accurate only as of today, October 30th, 2019. The Company does not intend and undertakes no obligation to update this information to reflect subsequent events or circumstances.
Finally, today's call is being recorded, and will be available on the Company's website later today.
I will now turn the call over to Chris Abate, Redwood's Chief Executive Officer, for opening remarks and introductions.
Christopher J. Abate
Thanks, Lisa, and good afternoon, everyone. Before I begin my remarks, I wanted to recognize the great efforts undertaken by our local officials, especially the firemen, evacuation coordinators, and others, who have bravely fought to contain Getty and various wildfires currently burning at this hour in California. These fires are very close to home for us, as a Northern California headquartered Company, and we look forward to helping our communities recover and rebuild, as these fires are contained.
At Redwood, third quarter marked an historic time for us, were we made significant progress positioning the Company for the future of housing finance. Looking back to a few years ago, we announced a comprehensive new strategy to leverage our housing credit competencies across a broad and evolving residential landscape. This entailed not only the expansion of our consumer mortgage business, but also a commitment to offering similar solutions for housing