Mortgage Securitization Expert for Breach of Contract Case

Case Description:

A mortgage securitization expert was requested for a breach of contract suit involving financial services companies. The parties entered into purchase agreements wherein the defendants originated and sold mortgage loans to the plaintiffs. Plaintiffs contended that under the purchase agreements, defendants were obligated to repurchase any loans that were found to be in early default. Plaintiffs filed suit, claiming defendants were in breach of contract for failing to repurchase certain loans that were found to be in default.

IMS ExpertServices was asked to provide mortgage industry experts knowledgeable about the process of securitizing mortgages. The expert was needed to consult on the relationships among entities involved in the securitization process and the responsibilities of each.

Experts Presented:

  • Mortgage Industry Expert

    With over 13 years of experience in the mortgage servicing industry, this mortgage securitization expert has extensive experience in the securitization of mortgages and loan servicing obligations. The majority of her experience is within the loss mitigation departments of various non-prime mortgage companies in Southern California. She has managed several other functions within these servicing shops, including payment processing, payoffs and lien releases, valuations, payoff and reinstatement quotes, and processing foreclosure, bankruptcy and REO, or real estate owned invoices. IMS Reference #5011693

  • Mortgage Backed Securities Expert

    This mortgage securitization expert provides business and capital markets consultation services. He previously worked in the fixed-income securities department of a major Wall Street investment banking firm, focusing primarily upon development and implementation of investment and structured finance strategies for financial institution clients involved in mortgage-backed securities. He is an experienced expert and fact witness who has provided calculations, rebuttal reports, affidavits, and testimony in both deposition and trial. He has served as an expert in similar breach of contract matters and is deeply familiar with the issues at hand. This expert holds a B.A. in International Relations from Yale and an MBA. IMS Reference #1214141

  • Mortgage Securitization Expert

    This mortgage securitization expert is an industry authority who has over 25 years of experience in the mortgage industry and asset-backed securitization market. He previously held a senior executive position with a financial services firm. As a consultant, this expert has worked with originators, buyers, servicers, and Wall Street firms to create unique securitization structures and facilitate complex transactions. He has appeared frequently on industry-sponsored panels concerning subprime mortgage securitization techniques and has developed comprehensive, risk-adjusted pricing systems to evaluate subprime mortgages and other less-than-prime assets. He is an experienced consulting expert and expert witness, having served on approximately ten cases. IMS Reference #5019387

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