The acquisition adds industry-leading hedge analytics, technology, and quantitative talent to Milliman’s mortgage servicing rights advisory business
Milliman, Inc., a leading global actuarial and consulting firm, announced the acquisition of Blue Water Mortgage Servicing Rights (MSR) Valuation and Hedging services from Apex Analytics Corp. The transaction expands Milliman’s mortgage advisory capabilities while enabling Apex Analytics to sharpen its investment focus around its core property intelligence technology.
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The acquisition strengthens Milliman’s analytical solutions for mortgage servicing rights, enhancing its ability to help clients mitigate risk and maximize portfolio value throughout the mortgage lifecycle.
The transaction expands Milliman’s mortgage advisory customer base and brings industry-leading hedge strategies, technology, and experienced professionals with deep subject matter expertise. The Blue Water hedging platform will be further enhanced by Milliman’s capabilities in mortgage behavior modeling, quantitative analytics, hedging strategies, software development, and advanced data science.
“We are thrilled to welcome the Blue Water MSR team to Milliman,” said Brett Ludden, Managing Director and Head of Mortgage Solutions at Milliman. “Blue Water’s sophistication in MSR hedge analytics is an excellent complement to our deep mortgage advisory expertise. The addition of Blue Water’s trading and quantitative analytics professionals further strengthens our growing mortgage solutions practice and enhances the value we deliver to our clients.”
For Apex Analytics Corp., the parent organization of Blue Water, the transaction supports its strategy of concentrating resources and investment on its core property intelligence technology, appraisal workflow, and assessment solutions.
“Today’s announcement allows us to further concentrate our resources, talent, and investment on the technologies that define the future of assessment,” said Ryan Marshall, CEO of Apex Analytics Corp. “By streamlining our portfolio, we can accelerate innovation in assessment software, artificial intelligence, data analytics, and workflow automation, reinforcing our commitment to becoming a trusted technology leader serving assessors, government agencies, and public-sector property assessment teams.”
The divestiture reflects Apex Analytics’ strategy of aligning its investments with its highest-growth opportunities while ensuring the Blue Water business joins an organization whose strategic priorities and expertise will support its continued success.
At the same time, Apex Analytics remains focused on advancing next-generation assessment technology, delivering modern software, data, and AI solutions that help assessment professionals operate more efficiently and better serve their communities.
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