As life takes us through various trials and tribulations, there are times when we may need the services of an expert witness. This is a person who because of their education, training, and subject-matter expertise, is able to serve an authority by a judge in a court of law. Expert witnesses can be particularly useful in the finance and banking fields. Here’s a summary of banking expert witnesses. Should you need an expert witness banking you’ll know what to expect and what to look for.
What Does an Expert Witness in Banking Do?
An expert witness in the banking field is readily available to consult and testify regarding a wide variety of subdisciplines related to banking, general finance, and commerce. They may serve as authorities on savings and loans, credit unions, commercial banks, savings banks, and tho overall operations and money flow in banks. They are experts in consumer and commercial loans as well.
How an Expert Witness Can Help You
Here are a few of the things for which an expert witness in banking can serve as a reliable and competent authority:
- Banking practices, procedures, regulations, and operations
- Loan documentation, review, and guarantee details
- Collection practices, and fraud issues
- Real estate lending practices and real estate appraisal
- Anything involving bankruptcy or debt restructuring
- Forensic banking and discovery assistance
As you can see, there are a lot of subject areas that fall under the general umbrella of banking. The best expert witnesses in banking will be competent in all, or almost all of these areas. In addition, if you need an expert witness, make sure they’ve been in business for at least a decade; two or three decades are even better. Those who have been a witness for that amount of time have been “around the block” a few times.