A loan expert witness in 2024 is defined by a consulting role in diverse financial areas such as personal loan, commercial banking, mortgage loan, bank account, construction lending, as well as credit card when it comes to litigations between lenders (banks) and borrowers (individuals or business owners).
The loan expert witness role is to deliver an expertise and testimony to a court in case a lending agreement (mortgage, commercial loan) has been violated either by the lender or the borrower resulting with a breach of contract or overdue payment.
The lending expert witness has a deep finance knowledge and track record in banking such as mortgage lending, having been banking executives, investment bankers, and risk manager sharing their experience with lenders being plaintiff or borrower being defendant.
The loan expert witness in 2024 includes also credit card expert witness that aims to clarify any litigation emerging between a card issuing company and card user because of potential fraud or misuse of credit cards and help to clarify the situation by providing with an impartial report serving as testimony for a court.
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