WAGE CLAIMS FOR MORTGAGE EMPLOYEES
Mortgage employers often underpay their employees who often work hard for long hours. We have represented thousands of mortgage employees in their wage claims against their employers. RM Legal’s mortgage pay claims overview explains how these issues fit into broader wage recovery.
MORTGAGE LOAN OFFICERS
Banks and mortgage companies regularly misclassify their loan officers, mortgage originators, and other like jobs as exempt from overtime pay and minimum wage. Generally, mortgage loan officers are entitled to minimum and overtime wages when their primary job duty is selling loans from inside an office.
The United States Department of Labor has stated that typical mortgage loan officers are entitled to minimum and overtime wages. This is true whether or not you employer pays you on a salary, draw plus commissions, or commission only basis. You cannot waive your right to these wage by signing an agreement with your employer.
Many employers are starting to reclassify their mortgage loan officers and are now paying them minimum and overtime wages. You may still have a claim for these wages even if your employer has reclassified you.
UNDERWRITERS
Like mortgage loan officers, banks and mortgage companies often misclassify underwriters as exempt from minimum and overtime wages. This is most often illegal.
Many employers have begun to reclassify their underwriters and are now paying them minimum and overtime wages. You may still have a claim for these wages even if your employer has reclassified you.
You may be eligible to recover unpaid wages if you work or worked as mortgage loan officer, loan officer, underwriter, or other like job. Please contact us to talk about your claim for unpaid wages.
CONTACT US!
If you have proof of your employer’s commitment and unpaid wages, you may have a valid claim. Contact Rowdy Meeks Legal Group LLC to help you navigate your options and pursue an unpaid wage case.
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