We were engaged to assist a large RMBS originator in the defense of seven civil lawsuits alleging widespread loan-level fraud and misrepresentation resulting in various contractual breaches. Specifically, we were engaged by the retained expert witness to assist with reviewing the plaintiff expert witness reports and, leveraging our experience working with several major loan originators and the government on mortgage related loan origination and servicing projects, identifying issues with their analysis and assertions. Our analysis was focused on identifying discrepancies between underwriting and servicing industry standards at the time period at issue and their assertions on what was expected and common practice at the time.
Financial Services
Created a loan review process identifying potential fraudulent loans