Minneapolis, Minn., May 9, 2019 – Blue Water Financial Technologies, LLC (Blue Water) announces it has added to its Advisory Board, and welcomes Joseph A. Grimes, III as a Senior Advisor.
Mr. Grimes, most recently the Vice President of Third-Party Risk Management and MSR Financing for Fannie Mae’s Single-Family Business, brings extensive expertise from his 35+ year career in financial services spanning residential mortgage, premium finance, asset-based lending, export trade finance, securitization and specialty insurance to Blue Water’s Advisory Board.
Mr. Grimes joins Blue Water’s Advisory Board led by Nicholas Smith, the founder and CEO of Rice Park Capital Management (RPC), Jeff Hilligoss, Senior Advisor to RPC and the CEO of Upper Bound, and Brad Farrell, Senior Advisor to RPC and former CFO of Two Harbors Investment Corp.
“I am both honored and flattered to be asked to join Bluewater as an advisor. Al, Nick, Brad and Jeff are creative thinkers in this space and it will be interesting, exciting and fun to help translate their ideas into high value products and services for Blue Water’s customers,” said Mr. Grimes.
“Joe brings a strong grasp of counterparty risk and vast experience in structured mortgage servicing and capital markets transactions. Blue Water is configuring itself to bring unique mortgage servicing technology and service solutions to the market and an expansive product set to its clients. Joe’s experiences will assist Blue Water in executing this vision. I’m truly excited to have him engaged with our Advisory Board,” said Alan Qureshi, Managing Partner at Blue Water.
Mr. Grimes resides in Westlake Village, California with his family, and graduated from Harvard Business School with a Master of Business Administration. Mr. Grimes also holds a Bachelor of Arts in history and political science from Kenyon College.
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.