Circumstances That May Benefit From a Banking Expert Witness’s Involvement
A banking expert witness works on behalf of banks, insurance companies, investment firms, or law firms and testifies to help determine accountability and liability in various situations. An expert’s involvement can be invaluable in the following circumstances.
Consumer Lending Disputes
Experts who have experience interpreting loan agreements and practices can evaluate disputes between lenders and borrowers to determine if either has made false claims or intentionally provided misleading information creating a financial burden for the other. For example, bank experts who know how to interpret mortgage contracts or appraise real estate can detect red flags on loan agreements.
Professional Negligence
A witness’s testimony can shed light upon the professional obligations of corporate leadership, non-profit board members, or foundation stewards whose negligent actions lead to their organizations’ financial harm. Experts can also determine the extent to which recovery may be possible and offer potential solutions to undo the damage.