Predatory lenders are individuals committing unlawful acts of loan procedures with the intent of stealing money under fraudulent pretenses. This illegal activity utilizes loan systems, predatory lender expert witnesses will have experience in several facets of the financial field and the proper way of which loan systems should work so as to identify the signs of predatory lending.
Predatory lenders expert witnesses may have varying backgrounds depending on the nature of each case, as predatory lending refers to any type of fraudulent or abusive loan systems in which the loaner is somehow taking advantage of the situation and acquiring financial gain via some type of illegal activity, which can involve several different types of scenarios. Mortgage banking, loan administration, interest rates, corporate finance, brokerage, debt restructuring, credit analysis, corporate finance, feasibility analysis, credit policies, and other aspects of economics and financial transactions may each be relevant in the event of court cases focusing on predatory lenders.
In order to prevent the illegal acts committed by predatory lenders, certain rules and regulations are implemented in the financial sector. Predatory lender expert witnesses may be experienced with risk assessment, lender liability, regulatory compliance, and other means of protecting and evaluating the legitimacy of a potential loan. Predatory lender expert witnesses are also often knowledgeable in real estate standards and practices, since real estate transactions may be involved with predatory lending.
Since 1991, ForensisGroup has built a successful business of providing attorneys with the most qualified financial experts. Call us today or submit an expert request form to hire the right predatory lenders expert witness for your case.