Latest Mortgage Advice News

Loan Officers Fail To Establish Willful Violation Of FLSA In Collective Action
The employer classified its loan officers as exempt administrative employees, based in large measure on a 2006 Department of Labor (DOL) Opinion Letter that concluded "mortgage loan officers with archetypal job duties fell within the administrative …
Read more on Mondaq News Alerts (registration)

The Small Servicer Exemption to the Consumer Financial Protection Bureau's
The foregoing is not intended to be legal advice, but only a general overview of the Bureau's mortgage servicing rules exemptions. The advice of counsel should be sought if there are questions regarding the regulations or the exemptions. – See more at: …
Read more on JD Supra (press release)

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