The Loan Arrangers
November 22, 2012 | Bridgepoint Financial |Posted in News
"We have the ability to value the security independently and make lending decisions on that basis"
Former law clerks with decades of experience in both defendant and plaintiff law firms, they evaluate liability and come up with an estimate of value and a projected time frame for a resolution of the claim. Pauwels says BridgePoint is the only company in Canada that uses this assessment system and other lenders rely on the lawyers involved to determine the value of their own cases, and like homeowners who overestimate the price of their own houses, lawyers often overestimate the amount their case will be worth at settlement or at trial.Insights