Redwood Trust, Inc. · Mill Valley, California
Case #I-200-24278-387862
Redwood Trust, Inc. filed an H-1B petition for a Chief Technical Officer position in Mill Valley, California at $700k per year — 156% above the prevailing wage of $274k. The case was certified in 13 days during the FY FY2025 cycle. This position is for continued employment.
| Case Number | I-200-24278-387862 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2025 |
| Employer | Redwood Trust, Inc. |
| Employer Location | Mill Valley, California |
| Job Title | Chief Technical Officer |
| SOC Code | 11-302100 – Computer and Information Systems Managers |
| Worksite | Mill Valley, California |
| Annual Wage | $700k – $750k |
| Prevailing Wage | $274k |
| Wage Premium | +155.6% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| SVP, AI Engineering Manager | $203k | CERTIFIED | Aug 19, 2025 |
| Quality Assurance Engineer | $99k | CERTIFIED | Dec 20, 2024 |
| Chief Technology Officer | $700k | CERTIFIED | Sep 30, 2024 |
| Solutions Architect | $152k | CERTIFIED | Nov 9, 2023 |
| VP, Development (Information Technology) | $150k | CERTIFIED | Apr 24, 2023 |
This Labor Condition Application (LCA) was filed by Redwood Trust, Inc. for the position of Chief Technical Officer in Mill Valley, California. The offered annual salary is $700k, compared to the prevailing wage of $274k for this occupation and location. This represents a wage premium of +155.6% above the prevailing wage.
The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.
Case status: Certified - Withdrawn. This means the employer or their representative withdrew the application.
A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.
When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Redwood Trust, Inc. filed LCA case number I-200-24278-387862 to sponsor a Chief Technical Officer position at their worksite in Mill Valley, California. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.
The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:
For this filing, the offered wage of $700k compares to the DOL prevailing wage of $274k for Computer and Information Systems Managers positions in the Mill Valley, California area. The positive wage premium of +155.6% indicates the employer is offering above the DOL-determined average for this occupation and location.
The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.
A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.
This LCA was received by the DOL on Oct 4, 2024 and a decision was rendered on Oct 17, 2024, a processing time of approximately 13 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application took longer than the standard timeframe, which may indicate additional review was required.
The offered salary of $700k for this Chief Technical Officer position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 11-302100 (Computer and Information Systems Managers), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.
The offered annual salary for this Chief Technical Officer position at Redwood Trust, Inc. is $700k to $750k. The Department of Labor prevailing wage for this occupation and location is $274k. The offered wage represents a +155.6% premium over the prevailing wage.
This H-1B filing is for a position located in Mill Valley, California. The employing company, Redwood Trust, Inc., is headquartered in Mill Valley, California.
This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.
The employer for this filing is Redwood Trust, Inc., located in Mill Valley, California. Redwood Trust, Inc. filed this Labor Condition Application (case number I-200-24278-387862) for a Chief Technical Officer position during fiscal year FY 2025. View all Redwood Trust, Inc. H-1B filings.
Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.