Unpaid Overtime Claims from Mortgage Underwriters

Loan and mortgage underwriters who have been denied overtime pay may have been subjected to an illegal overtime scam known as employee misclassification.

Federal overtime law requires that employers pay all non-exempt employees time-and-a-half compensation. Unless specifically exempt, mortgage underwriters must receive 1.5 times their regular rate of pay when working more than 40 hours a week. Still, due to overtime scams and other illegal wage and hour practices, many mortgage underwriters are denied overtime wages.

Denied overtime pay as a mortgage underwriter? You may be entitled to collect back pay. Fill out our free case review form today to learn more.

Unpaid Overtime Lawsuits: Mortgage Underwriters

A proposed class action overtime lawsuit has been launched against Flagstar Bancorp accusing the savings and loan company of improperly paying overtime wages to its mortgage underwriters and other similarly situated employees. Allegedly, these employees routinely worked more than 40 hours a week without receiving overtime pay. According to the unpaid overtime claim, Flagstar improperly misclassified its mortgage underwriters as exempt from overtime wages. A common overtime scam, employee misclassification occurs when an employer intentionally misclassifies their workers as exempt employees. If you suspect you have been misclassified, contact an overtime lawyer today to find out if you can file an unpaid overtime lawsuit to recover back pay.

Overtime Lawyers for Mortgage Underwriters

Our overtime attorneys are offering a free case review to all mortgage underwriters who were denied overtime pay. At no cost to you, we will evaluate your potential unpaid overtime claim to determine if your employer violated federal or state overtime laws. If your claim is valid, you may be entitled to up to three years of unpaid overtime, an equal amount in liquidated damages and attorneys’ fees. Fill out our no obligation case evaluation form today to find out if you are eligible for an unpaid overtime lawsuit.