Former Mortgage Staff Allege Lenders Stiffed Them on Paychecks

National Mortgage News, Apr. 24, 2024–Andrew Martinez (subscription)
Dozens of loan officers and other staff have sued home lenders in federal court for allegedly failing to pay them overtime, and in some cases, minimum wages. Over two dozen suits in the past 12 months have accused firms including industry leaders of violating state and federal wage statutes, according to a review of court records.