Litigation Support
Special Investigations – A Shield & A Sword
Facing Litigation? Put a Mortgage Attorney & Investigator in Your Corner.
You are a mortgage company, and litigation has found you. It might be connected to a borrower bankruptcy or default. It might be related to investor repurchase demands.
When you have a loan in litigation, you need two things: facts and organization. LoanLooks gives you both, because we speak “lawyer.” We’ll promptly put the facts and supporting documents in a form to allow your attorneys to best represent your interests. Call us to talk through your litigation. We’ve done this before.
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Your bank or mortgage lender may have been sued by a borrower or former employee. Maybe you’ve been sued for wrongful foreclosure or for employment related claims. We can help you turn the tables and take command of the lawsuit. I’ll give you two case studies to consider.
Case Study #1: Wrongful Foreclosure
A bank had started, wrongly, a foreclosure proceeding. When the error became apparent, the bank stopped the foreclosure and tried to make nice, all to no avail. The borrower was a lawyer, an angry lawyer, who knew he had been wronged and he wanted blood. No reasonable offer of settlement was entertained. That’s when the defendant bank handed LoanLooks the file, asking if we could take a look at his three year old loan application. Did we see any relevant information that could help? We certainly did. Three years prior when Borrower obtained the loan, there were, to us, obvious misrepresentations about his income and his employment. We didn’t believe a word of it. So we scheduled his deposition and as you can imagine, we started the deposition with all those boring and expected questions about the Borrower’s background, education and work history. He gave it all to us, going back about seven years and NONE of it matched the loan application. We now had him on record, under oath, that his loan application was a lie. The great result for us was that the lawsuit went away and he paid OUR attorney’s fees.
Case Study #2: Employment Claims
Mortgage lender had fired a loan officer for various reasons. Loan officer sued Mortgage lender alleging discrimination. Attempts at settlement were futile. So Mortgage lender delivered to LoanLooks ten loans originated by this loan officer, asking if we could review and discover any patterns of dishonesty. Our investigation showed that the Loan officer was engaged in regular fraudulent activities with a Realtor and with an accountant who provided tax documents for otherwise unqualified borrowers. We took statements from various participants and presented the plaintiff with the results of our investigation. The matter was resolved quickly.
Requirements Gathering
Contact LoanLooks to discuss the nature and extent of your current or pending litigation. We’ll develop a gameplan that includes a timeline, and determine what services are needed to get you out of the bind.
Factual Analysis
Based on the requirements gathered in step one, we’ll confirm occupancy, income, arms length transactions, misrepresentation and more. We utilize an arsenal of investigative tools and interview tactics to discover the truth.
Detailed Reporting
We’ll compile a detailed report consisting of our findings, analysis, and assumptions. Reports are written in a way that is easy to understand by the layman but worthy of the courtroom or boardroom.
More Than Just Mortgage Fraud Experts
Apart from being the go-to authority on mortgage fraud investigation, Bob is a seasoned lawyer who graduated from Duke Law School and is a current member of the State Bar of California.
If your business is facing a litigation threat, you don’t want to leave the results up to chance. You need a detailed report of the facts that clearly shows your lack of culpability and is ready for the courtroom. The typical fraud investigation firm might be able to discover the facts, but doesn’t understand the courtroom side of things. A lawyer understands the courtroom, but not the investigatory process.
When you put LoanLooks in your corner, you get the best of both worlds and the best chance of beating litigation, protecting your bottom line, and saving your reputation.
Don’t waste another minute, contact LoanLooks today to start the conversation.