Louisiana ranks as the 26th state in terms of GDP, but that statistic may be misleading. The local economy is based on a vital mix of industries, ranging from manufacturing, aerospace and software development to energy and agribusiness. Leading companies headquartered here include CenturyLink in the telecommunications industry and electric power company Entergy.
New Orleans serves as a major port for domestic shipping and trade, while oil and gas power the economy in Baton Rouge, the state capital, as well as in Shreveport.
The aftermath of Hurricane Katrina in 2005 continues to cast a shadow over the commercial and residential real estate markets. Mortgage foreclosures threaten the financial stability of many homeowners. Indeed, a newspaper headline noted that “More New Orleans homeowners risk foreclosure than in any other major U.S. city” in January 2021. The recent Federal payments related to the pandemic have delayed, but not diminished, the prospect of foreclosures across the state of Louisiana.
Jason D. Koontz has extensive experience working on mortgage foreclosure and mortgage loan servicing, as well as loan modification. He serves as an expert witness on matters of mortgage loan servicing, drawing on his more than twenty-year career in the banking industry. He currently reviews banking, loan and mortgage litigation matters and serves as an expert witness in a range of cases. Koontz earned the Credit Risk Certification (CRC) designation from the Risk Management Association.
Attorneys representing lenders, individuals, mortgage loan servicers and small business owners contact Koontz for his expertise in the following areas of banking:
For Commercial Banks
Cash management
Commercial loans
Debt collection
Fraud
Lender liability
Underwriting
For Retail Banks and Mortgage Servicing
Consumer protection
Debt collection
Deposit accounts
Fraud
Gross negligence
Lender liability expert witness
Loss of income
Mortgage servicing
Predatory lending expert witness
Residential property valuation
USPAP compliance
Typical engagements with attorneys include document review, written report provision, depositions, and trial testimony in court. Koontz is well-versed in explaining the technical terminology of banking processes. He will clarify banking jargon related to litigation in ways that help members of the jury and judges fully and easily understand the matter.
Koontz has served as an expert witness in more than 200 federal and state matters on diverse banking, mortgage, and lending issues, whether they were resolved through litigation or mediation.
Contact Koontz to discuss your banking legal matter. Call (646) 397-3835 or email jasonkoontz1@gmail.com.
Note: The city view picture above was taken by Koontz while in New Orleans, Louisiana working with a client.