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Blue Water Appoints Joseph Grimes III

Blue Water Financial Technologies LLC (Blue Water), the Minneapolis-based provider of asset valuation, MSR distribution, MSR hedging, and electronic solutions to mortgage lenders, has announced the appointment of Joseph A. Grimes III as Senior Advisor.

Grimes will join Blue Water's Advisory Board led by Nicholas Smith, Founder and CEO of Rice Park Capital Management (RPC), Jeff Hilligoss, Senior Advisor to RPC and CEO of Upper Bound, and Brad Farrell, Senior Advisor to RPC and former CFO of Two Harbors Investment Corp.

“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.

Grimes, most recently the VP 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.

“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," Grimes said.

Grimes resides in Westlake Village, California with his family, and graduated from Harvard Business School with a Master of Business Administration. He also holds a Bachelor of Arts in history and political science from Kenyon College.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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