Minneapolis, MN – February 21, 2019 – Blue Water Financial Technologies (BWFT) announces the formation of an Advisory Board comprised of mortgage industry veterans Nick Smith, Jeff Hilligoss and Brad Farrell.
The Advisory Board will be led by Nick Smith, the founder and CEO of Rice Park Capital (RPC) Management, a Minneapolis-based investment firm focused on technology enabled real estate and finance companies. At Rice Park, Nick draws on an investing career spanning over 20 years at leading institutions. Jeff Hilligoss, a Senior Advisor to Rice Park Capital Management, and the founder and CEO of Upper Bound, has 30 years of combined leadership and transactional experience in the financial services industry concentrated in the mortgage and consumer lending asset classes. Brad Farrell has spent the breadth of his 22-year career overseeing financial management, reporting, business analysis and capital raising for public financial service companies, most recently serving as the CFO of Two Harbors Investment Corp. since 2012. Brad is also a Senior Advisor to Rice Park Capital Management.
Blue Water will be leveraging and integrating the depth of experience brought by the Advisory Board across all aspects of its development, from accelerating its growth strategy and business development pipeline, to exploring strategic partnerships and channel distribution opportunities, to enhancing its ability to deliver value to its clients.
“Nick, Jeff and Brad have extensive experience as principals in mortgage servicing rights transactions, in asset gathering strategies and in managing risk at many different levels,” said Al Qureshi, Senior Managing Partner at Blue Water. “Adding a group of highly seasoned and accomplished executives as advisors enhances our ability to provide exceptional value to our clients.” Qureshi added.
“Blue Water has already demonstrated its capacity to deliver exceptional value for its clients with customized advisory solutions and superior analytical insights,” said Nick Smith, CEO of Rice Park Capital Management. “We are delighted to be a part of Blue Water’s journey, and we’re confident the formation of this Advisory Board will help extend Blue Water’s reach to more clients and deliver upon its mission with greater impact,” Smith added.
About Blue Water Financial Technologies
Blue Water Financial Technologies LLC is a leading provider of technology enabled analytical solutions and advisory services to the mortgage industry. Blue Water’s mission is to create better outcomes for its clients with solutions that improve the profitability, reduce the risk and increase the liquidity of their mortgage assets. With offerings ranging from its autonomous valuation engine, to bespoke mortgage portfolio hedging and advisory services, to mortgage servicing rights distribution and its MSR-X electronic trading platform, Blue Water is committed to transforming the way the market prices, trades and manages mortgage assets.
About Rice Park Capital Management
Rice Park Capital Management is a Minneapolis-based investment firm founded by Nick Smith. Rice Park focuses its investment strategy on companies run by proven founders and executives, operating in the real estate and financial services sectors, solving significant problems in large and addressable markets by using technology and data to deliver value to their clients.