In an industry where a fair percentage of workers are paid all or partially on a commission basis, lower volumes as well as consolidation weigh on take-home pay. That dynamic showed up in survey responses from employees at companies included in National Mortgage News’ annual Best Mortgage Companies to Work For ranking. Processing Content Compared […]
83% of mortgage employees say compensation is fair Read More »
Former Sprout Mortgage workers are dropping their long-running lawsuit to recoup lost wages from the failed lender. Processing Content Attorneys for plaintiffs told a federal court last week they intend to file a voluntary dismissal, which would end the nearly four-year-old case. The expected wind down wraps a difficult journey for the laid-off workers, who
Fired Sprout workers to drop class action seeking lost wages Read More »
West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.
West Capital Lending sues loanDepot, alleges unlawful pay scheme Read More »