Representative Engagements
False Claims Act Lawsuit
Realtors, on behalf of the federal government, brought a False Claims Act lawsuit against one of the largest mortgage servicers, alleging they had not properly performed HAMP modifications. CrossCheck reviewed and responded to the realtors’ allegations, providing expert testimony that helped the client achieve a favorable settlement.
Client Type
Mortgage Servicer
Law Firm
Service Type
Expert Testimony
HAMP Class Action
A plaintiff brought a class action regarding HAMP modifications against one of the largest banks. Counsel engaged CrossCheck to review the mortgage servicing files. We prepared an expert report and provided deposition testimony, which resulted in denial of class certification.
Client Type
Large Bank ($50 billion + in assets)
Law Firm
Service Type
Expert Testimony
HAMP Expert Testimony
Counsel for a top-five bank engaged CrossCheck on several cases to review plaintiffs’ declined HAMP modifications. We prepared an expert report and provided deposition testimony, resulting in favorable settlements for the bank.
Client Type
Large Bank ($50 billion + in assets)
Law Firm
Service Type
Expert Testimony
Mortgage Servicing Review
One of the nation’s largest banks, serving as trustee on various mortgage-backed securities, wanted to assess the performance of the servicer of the trust’s loans. CrossCheck performed this review, allowing the trustee to have a reliable understanding of the servicer’s performance.
Client Type
Large Bank ($50 billion + in assets)
Law Firm
Litigation Support Firm
Service Type
File Review
Mortgage-backed Securities Settlement Evaluation
CrossCheck partnered with a major litigation support firm to provide an opinion as to the fairness of a proposed settlement between an RMBS issuer and various investor groups. CrossCheck supervised the review of several thousand loans sampled from multiple RMBS trusts in order to evaluate the proposed settlement amount. The work resulted in approval of the proposed settlement.
Client Type
Large Bank $50 billion +
Litigation Support Firm
Service Type
Expert Support
Predatory Lending Litigation
A borrower sued the client, a national mortgage lender, alleging that the lender engaged in predatory lending and loan flipping. CrossCheck reviewed the underwriting of the subject mortgage loan and provided expert opinions on the quality of the underwriting (including the borrower’s ability to repay), benefit to the borrower, and suitability of the type of loan. As a result, the client was able to achieve a favorable settlement of the case.
Client Type
Mortgage Banker
Law Firm
Service Type
Expert Testimony
RMBS Investor Litigation
Mortgage-backed securities investors, including government-sponsored enterprises regulated by FHFA, have filed actions under the Securities Exchange Act of 1933 and various state investment acts. Defendants’ counsel has retained CrossCheck to provide loan file review and expert testimony on many of these cases. We review the mortgage loan files underlying the security to evaluate the original underwriting and due diligence process. We determine the consistency of the loan portfolio’s attributes with security offering documents. CrossCheck has utilized its experience with loan products and underwriting standards to provide evaluations relevant to the historical context in which the loans were originated. Our work has culminated in expert reports, deposition testimony, and trial testimony.
Client Type
Large Bank ($50 Billion + in assets)
Law Firm
Litigation Support Firm
Service Type
Expert Testimony