Loan Officer and Processor Overtime Cases
Stueve Siegel Hanson LLP files FLSA collective action lawsuits against multiple lending institutions for failure to pay overtime compensation.
Stueve Siegel Hanson LLP has filed numerous actions against multiple banks and lending institutions seeking to recover unpaid overtime owed to individuals employed as loan originators (a/k/a loan officers or loan consultants) and loan processors. Our case against Wells Fargo on behalf of Loan Originators as been settled, and the settlement of our case on behalf of Loan Processors has been preliminarily approved. Our investigation has revealed that the misclassification of loan originators and processors as exempt is an industry-wide practice. Cases brought against Principal Financial, National Bank of Kansas City, Bank of Blue Valley, NovaStar, First Franklin, Premier Bank, Open Door Lending, Texas Capital and National City Mortgage have all recently settled.
Our lawsuits seek three years of unpaid overtime as well as the mandatory double-damages penalty required by law. The loan originators and loan processors we represent regularly worked far in excess of 40 hours a week. Some were highly compensated and the amount of overtime pay they are owed is substantial.
WHO IS ELIGIBLE TO JOIN THESE ACTIONS
If you worked as a loan originator (a/k/a loan officer or loan consultant) or a loan processor with any bank or other mortgage lender at anytime within the last three years, and you were not paid overtime, you may be eligible to participate in the legal action we are pursuing. Please complete the following form as soon as possible. The form will be sent directly to us, and we will contact you about joining one of our current cases or initiating a new one. If you have any other questions, please contact George Hanson at (816)714-7100 or toll free (800)714-0360.
Why Stueve Siegel Hanson?
Stueve Siegel Hanson is a national litigation firm specializing in complex business litigation, securities litigation, and consumer class actions. We have obtained substantial results for our clients in all types of litigation around the country, and have collectively been honored with dozens of awards and designations, for both our trial successes, and case results.
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