• About R & M
    ▼
    • Matthew Ian Marks
    • Thomas Anthony Ricotta
  • Practice Areas
    ▼
    • Sexual Harassment
      ▼
      • Hostile Work Environment
      • Workplace Retaliation
    • Employer Discrimination
      ▼
      • Age Discrimination
      • Criminal Record Discrimination
      • Disability Discrimination
      • FMLA Violations
      • Gender Discrimination
      • Transgender Discrimination
      • Marital Status Discrimination
      • National Origin Discrimination
      • Pregnancy Discrimination
      • Race Discrimination
      • Religious Discrimination
      • Sexual Orientation Discrimination
      • Wrongful Termination
    • Education Law
      ▼
      • 3020a Hearings
    • More Practice Areas
      ▼
      • Employment Contracts
      • Labor and Unions
      • Mediation & Arbitration
      • Wage and Hour Disputes
      • Employer Defense
  • Resources
    ▼
    • FAQs
    • Client Testimonials
    • Employment Law Blog
  • Contact
    ▼
    • Queens Law Office
    • Long Island Law Office
    • R&M Careers
  • Skip to main content
  • Skip to primary sidebar

Ricotta & Marks, P.C.

Employment Discrimination Lawyers

Google Reviews 5 Stars
  • About R & M
    • Matthew Ian Marks
    • Thomas Anthony Ricotta
  • Practice Areas
    • Sexual Harassment
      • Hostile Work Environment
      • Workplace Retaliation
    • Employer Discrimination
      • Age Discrimination
      • Criminal Record Discrimination
      • Disability Discrimination
      • FMLA Violations
      • Gender Discrimination
      • Transgender Discrimination
      • Marital Status Discrimination
      • National Origin Discrimination
      • Pregnancy Discrimination
      • Race Discrimination
      • Religious Discrimination
      • Sexual Orientation Discrimination
      • Wrongful Termination
    • Education Law
      • 3020a Hearings
    • More Practice Areas
      • Employment Contracts
      • Labor and Unions
      • Mediation & Arbitration
      • Wage and Hour Disputes
      • Employer Defense
  • Resources
    • FAQs
    • Client Testimonials
    • Employment Law Blog
  • Contact
    • Queens Law Office
    • Long Island Law Office
    • R&M Careers

347.464.8694
free consultation
free consultation

Do Mortgage Loan Officers Qualify for Overtime?

Home FAQs Do Mortgage Loan Officers Qualify for Overtime?

By Ricotta & Marks, P.C. on August 9th, 2021 in

Do Mortgage Loan Officers Qualify for Overtime? (Application of the Administrative Exemption under Section 13(a)(1) of the Fair Labor Standards Act, 29 U.S.C. § 213(a)(1))

On March 24, 2012, Deputy Administration Nancy J. Leppink of the U.S. Department of Labor issued guidance stating that employees who perform the typical job duties of a mortgage loan officer do not qualify as bona fide administrative employees exempt under section 13(a)(1) of the Fair Labor Standards Act, 29 U.S.C. § 213(a)(1).

In plain English, this guidance means that many loan officers and underwriters in the mortgage industry are not overtime exempt; in fact they may never have been overtime exempt at all. In an industry that works as many hours as the post-2008 mortgage brokers do, the number of overtime hours that many employers may be forced to pay out could be startling.

We suggest that any loan officer, underwriter or mortgage industry employee who does not currently receive overtime should immediately contact an experienced employment attorney to discuss the viability of their overtime claim. There is a high likelihood that you have options for redress that can be pursued without putting your employment prospects at serious risk.

If you have been denied overtime pay or feel you should be receiving overtime pay, contact Ricotta & Marks, P.C., to learn more about what our New York employment lawyers can do for you. There is no fee unless we win your case. Call us at 347-464-8694.

Primary Sidebar

Schedule Your Free Consultation

  • Hidden
  • This field is for validation purposes and should be left unchanged.

Ricotta & Marks, P.C.

Queens Law Office:
24-11 41st Avenue, Second Floor
Long Island City, NY 11101
Long Island Law Office:
30-30 Northern Boulevard, Suite 401
Long Island City, NY 11101
  • Facebook
  • LinkedIn
  • Twitter

Copyright © 2023 Ricotta & Marks, P.C.
Disclaimer Privacy Policy