Albert Lee, Ph.D.

Albert Lee, Ph.D.

Summit Consulting
601 New Jersey Ave NW, Suite 400
Washington , DC 20001
Office: 202-407-8302

Introduction

I am a forensic economist with 20 years of experience. I have a Ph.D. and M.A. in economics from UCLA in 1999 and 1996, respectively. Since 2012, I have been an Accredited Statistical Professional by the American Statistical Association.

My research, teaching, and professional practices have focused on economics, financial modeling, and statistical sampling. I have developed, estimated, and verified financial models for various federal agencies, including the U.S. Department of Housing and Urban Development, the U.S. Treasury, and the U.S. Department of Labor. I have published articles in peer-reviewed and industry journals on topics of mathematics, economics, and real estate finance. I coauthored the 2013 Independent Actuarial Review for the FHA Mutual Mortgage Insurance Fund forward and reverse mortgage loan portfolios.

I have authored more than 35 expert reports in class action, damage calculation, residential mortgage-backed security, breach of contract, due diligence review and ERISA cases. To date, I have testified at eight depositions, a federal trial, and an administrative law hearing.


Areas of Expertise

  • Economics
  • Finance
  • Litigation Finance
  • Mortgages
  • Securities
  • Statistics

Expert Background

Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: Ph.D. in economics, University of California, Los Angeles, 1999
M.A. in economics, University of California, Los Angeles, 1996
B.A. in economics (cum laude), University of Southern California, 1992
B.A. in mathematics (cum laude), University of Southern California, 1992
American Statistical Association (ASA) Accredited Statistical Professional, 2012
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: American Economic Association
American Statistical Association
Econometric Society
National Association for Business Economics
Washington Statistical Society
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Adjunct Associate Professor, School of International and Public Affairs, Columbia University, spring 2013 (Graduate Econometrics)
Adjunct Assistant Professor, School of International and Public Affairs, Columbia University, spring 2004 (Graduate Econometrics)
Visiting Assistant Professor, Department of Legislative Affairs, George Washington University, fall 2003 (Advanced Quantitative Methods)
Visiting Assistant Professor, Department of Statistics, UCLA, 1999 (Introductory Statistics)
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: As of 2018, I have written 35 expert reports; written 1 expert declaration; offered 8 deposition testimonies; offered 1 testimony at an administrative law hearing; offered 1 testimony at trial.
Q: For what area(s) of expertise have you been retained as an expert?
A: Forensic Economics, Econometrics, Statistics, Real Estate Finance, Mortgage Finance, Residential Mortgage Backed Securities, Automated Valuation Models (AVMs) for Real Estate Valuation, Statistical Sampling, Class Actions, Damage Estimation, Product Liability and Breach of Contract.
Q: In what percentage of your cases were you retained by the plaintiff?
A: I served for plaintiff in all except one case.
Q: In what percentage of your cases were you retained by the defendant?
A: I served for defendant in one case.
Q: On how many occasions have you had your deposition taken?
A: As of February 2018, I have been deposed 8 times.
Q: When was the last time you had your deposition taken?
A: As of February 2018, my last deposition was taken in October 2017.
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: I was twice qualified to testify as an expert in court:
1. At a federal court: Mass. Mut. Life Ins. Co. vs. DLJ Mortg. Capital, Inc. & Credit Suisse First Bos. Mortg. Sec. Corp., Nos. 11-cv-30047 & 11-cv-30048 (D. Mass. 2017).
2. At an administrative hearing: Midlands Neurology and Pain Associates, P.A., 1-1415675783, 2014.
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: I was twice qualified to testify as an expert in court:
1. At a federal court: Mass. Mut. Life Ins. Co. vs. DLJ Mortg. Capital, Inc. & Credit Suisse First Bos. Mortg. Sec. Corp., Nos. 11-cv-30047 & 11-cv-30048 (D. Mass. 2017).
2. At an administrative hearing: Midlands Neurology and Pain Associates, P.A., 1-1415675783, 2014.
Q: For how many years have you worked with the legal industry as an expert?
A: As of 2018, I've worked with the legal industry as an expert for 6 years.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Consulting, big data analytics, validation of models, validation of sampling plans, authoring expert reports and declaration, consultation with counsel for deposition and trial preparation.
Q: What is your hourly rate to consult with an attorney?
A: Please contact for rates
Q: What is your hourly rate to review documents?
A: Please contact for rates
Q: What is your hourly rate to provide deposition testimony?
A: Please contact for rates
Q: What is your hourly rate to provide testimony at trial?
A: Please contact for rates
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Please contact for rates

References

Available Upon Request