If you work as a loan processor (a/k/s underwriting assistant) for a bank or mortgage company, you may be entitled to overtime pay for hours worked over forty per workweek. It has been generally accepted by the courts that persons working in these positions should be getting overtime pay. If you are being paid a set salary + bonus for each file closed you are most likely not being paid overtime as required under the law. This could be thousands of dollars of unpaid overtime throughout your employment. Donelon, P.C. has litigated and settled numerous overtime claims on behalf of loan processors.
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