Chris Folckemmer

Throughout his career, Chris has worked on a range of engagements involving complex commercial litigation, government investigations, and nationwide class actions. Chris has significant experience in leading projects that require the management and analysis of complex data sets, often involving the quantification of increased costs and financial impacts/damages in connection with the financial services industry.

Chris also has significant experience leading projects involving the quantification and execution of customer remediations in connection with the financial services industry.

Financial Services – Data Analytics in Connection with Litigation Matters

Chris has assisted counsel in connection with multiple litigation matters with extracting and organizing data, developing customized databases, and performing analyses of large and complex data sets. More specifically, his work in this area has entailed the following:

• Provided testimony on a variety of mortgage related matters involving the analysis of complex mortgage systems data.
• On behalf of a financial institution, led a team through the process of gathering, validating, and analyzing mortgage loan payment history information underlying certain mortgage-backed securities for purposes of tracking and quantifying the loan performance and economic losses of various cohorts of mortgage loans.
• On behalf of a financial institution, tracked the movement of mortgage loans through their pipeline management systems for purposes of responding to requests arising out of litigation.
• On behalf of a financial institution, led a team through the process of accumulating and assimilating data sets from disparate mortgage-related systems to develop a common integrated platform from which to conduct analyses.
• Worked directly with mortgage loan servicer IT personnel to facilitate the extraction of loan information, servicing history and transaction-level detail from loan servicing systems for production in connection with litigation.
• Assimilated, integrated, and analyzed large volumes of due diligence information related to mortgage loans purchased by a financial institution and later securitized into mortgage-backed securities.
• Assisted financial institutions and outside counsel by conducting various financial analyses related to claimed damages in connection with mortgage-backed securities litigation.

Financial Services – Government Inquiries / Customer Remediations

Chris has assisted outside counsel in responding to government inquiries and developing related customer remediation plans and processes. More specifically, his work in this area has entailed the following:

• On behalf of a financial institution, assisted with the presentation and production of mortgage pipeline and due diligence systems extracts along with a reconstituted front-end graphical user interface to the Department of Justice.
• On behalf of a financial institution, assisted outside counsel with the development of dozens of analyses for use in presentations to the Department of Justice.
• Assisted a financial institution and outside counsel in their production of transactional data in response to a government CID.
• Analyzed consumer deposit account data of a financial institution in response to various government inquiries, which included quantifying customer-level financial impacts and assisting outside counsel with potential remediation strategies.
• Assisted a financial institution with the implementation of various complex customer remediation plans/processes, including coordination across multiple lines of business.