INTRODUCTION

Daylight Forensic & Advisory’s mortgage fraud litigation support practice addresses the issues that are unique to fraud litigation in the mortgage sector. Because the mortgage industry and sub-prime crisis have involved a multitude of players, the depth and scope of many litigation cases will require experts to work on the complex issues.

HOW DAYLIGHT CAN HELP

Daylight’s multi-disciplinary mortgage fraud team of former mortgage industry professionals, former local, state and federal prosecutors, law enforcement and forensic accountants has extensive experience conducting regulatory and prosecutorial investigations into fraud in the mortgage industry. Our professionals have extensive experience reviewing loan documentation including appraisals, loan applications, supporting documentation for loan applications, HUD 1s, fee agreements, business and consumer credit reports, FICO scores and other loan documents.

Daylight’s team of e-discovery experts has the technological experience to identify and preserve evidence that adheres to strict chain-of-custody procedures that ensure evidentiary integrity. Support for ongoing legal action may reside in various forms and locations: including, e-mails, loan underwriting programs, historical collateral data supporting the mortgage backed securities (MBS) or accounting systems. Uncovering such evidence is both an art and a science. Our forensic toolset and discovery methodology can unearth documents, whether in plain sight, hidden or deleted. Many of Daylight’s e-discovery reviews are conducted with the cooperation and supervision of internal and external legal counsel, who provide guidance on the breadth of the matter and help determine which records are germane and must be preserved or shared with opposing counsel.

DAYLIGHT MORTGAGE FRAUD LITIGATION SUPPORT INCLUDES:

• Expert Guidance from former prosecuters and law enforcement through all phases of the investigative process, including insight into methods and procedures of the investigation and its expected direction
• Assistance responding to agency subpoenas and demand letters, and conducting internal investigations
• Locating and interviewing witnesses and performing background investigations of opposing experts

• Electronic discovery and evidence preservation
• Forensic imaging and analysis
• Facilitation of production and review of discovery materials
• Forensic data analysis of underlying loan documentation for indicia of fraud or other anomalies

• Investigation of accounting and supporting documentation for mortgage-related transactions
• Evaluation of calculations and supporting documentation for loan loss provisions and allowance for loan repurchase losses
• Assessment of the timing and support for revisions and disclosures