Redwood Trust to add center in Denver area

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News,Business

DENVER (AP) — Redwood Trust Inc. plans to add more than 550 jobs in Colorado over the next five years as it adds a financial services operations center in Douglas County.

The company, based in Mill Valley, Calif., invests in, finances and manages real estate assets.

State officials said Friday that Redwood is receiving tax credits from Colorado's Job Growth Incentive Tax Credit for the creation of 552 jobs over five years.

The company plans to hire managers, residential loan origination employees and servicing specialists, as well as quality control, human resources, information technology and other administrative employees. It expects an average annual wage of $66,847 per employee, which is above the average annual wage in Douglas County.

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