Consulting firm Milliman has acquired Blue Water mortgage servicing rights (MSR) valuation and hedging services from Apex Analytics Corp., adding another platform less than a year after buying MorVest Capital to expand its capabilities in the space.

The transaction, announced Monday, folds Blue Water’s hedge analytics, trading platform and quantitative team into Milliman’s mortgage solutions practice. Financial terms were not disclosed.

“Blue Water’s sophistication in MSR hedge analytics is an excellent complement to our deep mortgage advisory expertise,” Brett Ludden, managing director and head of mortgage solutions at Milliman, said in a statement. “The addition of Blue Water’s trading and quantitative analytics details ⇒

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