Underwriting Policies and Financial Expert Witness Services

In 2008, the United States experienced what has been called The Great Recession. A large part of blame for this financial crisis was placed on underwriting policies used by financial institutions. As a result, Americans have been taking a closer look at these sometimes shady policies in order to battle foreclosures.

Some of the largest banks in the country have been taken to court over these underwriting policies, and litigation continues to this day. With such rampant litigation, it is obvious that underwriting policies are intricate and baffling documents that can only be properly explained by a professional in the financial. This is where a financial expert witness comes in.

When a trusted financial expert witness is brought into a trial, he or she can explain the history of underwriting policies and how they may or may not be fair to banks’ clients. The expert witness can provide research and cite examples of why or why not a bank’s loan terms are fair. These statements can help prove if a bank is responsible for intentionally creating lending terms that are impossible to repay or are structured to fail.

The most important part of a financial expert witness’s duty is that his or her testimony is fact-based and completely objective.