Account executives for a national wholesale mortgage lending company have recently settled claims of unpaid wages. The nearly $3 million settlement with United Wholesale Mortgagewill resolve claims of unpaid overtime dating back as far as 2018. Current and former account executives that were employed by United Wholesale Mortgage between October 12, 2018 and December 23, 2021 stand to benefit from the $2.75 million settlement.
The lawsuit, which was filed in 2021, alleged that the lender required significant overtime hours but denied its account executives overtime pay as mandated by the Fair Labor Standards Act (“FLSA”). Specifically, the lawsuit claimed that the company had policies and practices preventing them from filing for ...
Continue Reading →