Environmental Pollution Leads to Mortgage Dispute

This case involves a residential property that the Plaintiffs had been living in for several months. An environmental survey was performed on the property, during which soil samples revealed the presence of pervasive chemical contamination. Eventually, it was discovered that the source of the pollution was a recently closed battery manufacturing plant located nearby. The plaintiffs allege that the pollution was not disclosed prior to their signing on the mortgage, and that the value of their property has been severely affected by the revelation.

Question(s) For Expert Witness

1. Do you have familiarity with the subject matter described above?

2. Have you ever published or lectured on this subject / issue?

Expert Witness Response E-039787

I have worked within the mortgage industry since 1997 and have an in-depth knowledge of lending practices and standards. I have originated, processed and underwritten conventional and government loans. I have been underwriting since 2002 and have reviewed numerous loan files for fraud and compliance. I have consulted on numerous mortgage fraud cases and have worked several years providing extensive fraud and quality control reviews for pools of loans that were originated during the time in question.