Blue Water Financial Technologies Introduces MSR-X, an Electronic Co-Issue Pricing and Trading Platform – First in industry to offer co-issue trading solution, allows real-time trading, valuation and risk management
Deephaven, MN – October 30, 2018 – Blue Water Financial Technologies announces it has developed an electronic co-issue pricing and trading platform, MSR-X. Blue Water is introducing the first of its kind, cross investor and fully integrated web-based technology solution for co-issuing purposes that allows lenders and investors to view portfolios and transactional data in real time.
A Technology Driven Financial Innovation
“This technology is long overdue in the industry. MSR-X is a game changer – it’s a true one-stop shop for liquidity,” said Al Qureshi, Senior Managing Partner at Blue Water. “Our founding principles seek to integrate technology and price transparency to drive better outcomes for our clients and MSR-X is a testament to that. This platform will drastically change how MSRs are transacted in the secondary market. Originator demand has been strong and we’re confident this innovation will solidify its foothold in the marketplace.”
Addressing Cost Pressures for Originators while Creating Liquidity
The platform brings greater efficiencies to the co-issue process and lowers costs for both investors and originators by reducing any manual input of pricing and increasing the immediacy of information. Buyers and sellers can access MSR-X via the web and view information in real-time. MSR-X uses a single platform across investor types to mitigate timing risk, providing a real-time way to adjust pricing for changes in rates. Further, cost-minded originators can use the platform to reduce margin exposure, lower costs and streamline their secondary market operations.
Upending the Traditional Broker Model
With the introduction of MSR-X, Blue Water also switches the paradigm in terms of the way business was previously conducted. Originators don’t pay to participate, rather, the investors do. In return, the investors obtain transactional data, they have better yield certainty through the purchase process and much of the administrative paperwork has been simplified. Investors can dynamically manage their appetite for MSR and even upload a daily grid based off of the types of MSR they would like to purchase. Originators are able to access buyer-side liquidity with no cost. “I see offering liquidity and price transparency in a free venue for originators as something your typical originator just can’t afford to overlook – especially in this rate cycle,” said Jason Sweeney, Director of Business Development at Blue Water.
If you are an originator or investor who would like to access MSR-X, please call 866.217.0246 or email inquiries@bluewater-fintech.com.
About Blue Water Financial Technologies
Blue Water Financial Technologies LLC is a leading provider of asset valuation, MSR distribution, MSR hedging and electronic solutions to mortgage lenders. Its mission is to offer extensive modeling capabilities and tighter attribution through conservative risk management and intense regulatory insight. Its key pillars of success include pricing, distribution, risk management and operational excellence. Blue Water is committed to achieving exceptional results by creating, protecting and enhancing the value it brings to its clients and their key stakeholders.