• Important to Mortgage Bankers

  Filed under General
  Apr 10

  
  An expensive and contentious issue that concerns the mortgage banking industry is overtime pay. Deciding who gets it and who doesn’t will be a major bone of contention. Mortgage bankers and lending officers have been working staggering hours to answer the demands of home owners to either refinance their loans or purchase starter packages. This has translated to long working hours and an increase in payment of annual compensations.

  However, antiquated labor laws open up most of these companies to class action law suits because many lawyers are looking for opportunities to sue companies for miscategorizing workers and unfairly depriving them of their overtime pay.
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