Home lending specialists often work far more than 40 hours in a workweek, but many of them are not paid overtime as required under the Fair Labor Standards Act (FLSA). Home lending specialists are often required to conduct business from early in the day until late at night, especially before closing important deals. Many specialists are “on call” and must be available at almost any time of day for clients, banks, and supervisors. There also many after work day meetings that take place to get documents signed or to meet with new prospective clients.
The FLSA requires employers to pay all non-exempt employees overtime for all hours worked over 40 in the workweek. Some states have also enacted overtime laws that regulate the number of hours an employee can work within 24 hours before receiving overtime. Lending specialists are almost always considered non-exempt and therefore entitled to overtime pay.
In calculating the number of hours worked, the employer must consider all required work performed in all facilities and departments, both before and after a shift, including staff meetings and required paid training. If an employer does not include all of this time in the calculation of hours worked, it can result in the home lending specialist not receiving all of the required overtime. The employer’s failure to pay required overtime to home lending specialist can result in a lawsuit for overtime pay.
Employers often violate the FLSA by failing to pay home lending specialists the required overtime pay. If you are a Home Lending Specialist who worked more than 40 hours a week but did not receive overtime pay, you may be entitled to file a home lending specialist overtime pay lawsuit. These lawsuits are often filed by an entire group of home lending specialists against an employer who violates the FLSA.
If you believe you have been denied overtime pay, your best option is to contact an experienced attorney who can advise you of your rights under the FLSA and state laws. There are strict time deadlines for filing lawsuits, so it is essential that you contact an attorney immediately. If you wait, you may lose your ability to recover some or all of your back pay.
To determine whether you are eligible to file a wage claim, contact our experienced Home Lending Specialist Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case, or complete the Free Unpaid Overtime Case Review Form on this page. We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.