Residential Mortgage Expert in Loan Amortization on Residential Loans
A residential mortgage expert in loan amortization was needed for a case involving breach of contract and consumer fraud. The dispute centered around the formula by which interest was calculated on a loan in prepayment. Monthly mortgage payments are generally determined by amortizing the principal and interest over the period of the mortgage.
IMS ExpertServices was asked to locate a residential mortgage expert in loan amortization and calculation of interest on residential mortgage loans, more specifically, the calculation of interest in the year of pay-off.
This mortgage banking expert has more than 25 years of experience in the industry with positions in originating, underwriting, loan service, compliance and regulatory responsibilities. She is equally skilled in secondary markets and sub prime lending and is a member of the National Home Equity Mortgage Association. As a consultant, she is frequently hired to audit and improve processes and to uncover or protect against fraud and noncompliance. She is a frequent presenter at regulatory meetings, lending conferences and attorney seminars. She is an experienced expert witness. IMS Reference #1216165
This residential mortgage expert has more than 15 years of experience in mortgage lending. One of his initial efforts involved successfully originating salable Title One loans. He has been a loan officer, supervisor, underwriter and consultant to the industry. This expert is very familiar with the methods used across the industry to calculate remaining interest on residential loans to be paid off. His experience spans the breadth of first and second mortgages, prime and sub-prime lending and high LTV loans. IMS Reference #5002220