Boston Portfolio Advisors was retained by a medium-sized sub-prime auto lender (the Plaintiff) as lead expert to provide testimony regarding loan servicing and to quantify damages they incurred in their case against their large loan servicer.  The loan servicer was hired by the Plaintiff to re-underwrite and service its loans, and the servicer is accused of failing to do so adequately. 

As lead expert, Boston Portfolio Advisors has the most substantial role in trying to establish cause and effect. We reviewed 1633 loan files to determine compliance with underwriting guidelines.  We also reviewed thousands of pages of deposition testimony to evaluate the conduct and performance of the servicer in fulfilling their responsibilities of the agreement between the servicer and the auto lender.  Our years of experience and expertise enabled us to testify on the servicer’s actions in underwriting, servicing, and collecting the loans compared to accepted industry practices regarding underwriting and loan servicing.  We quantified damages at over $130 million and the parties settled out of court.

Note:    Actual client names have been removed due to confidentiality issues.