Many mortgage underwriters are classified by their employers as being exempt from the requirements of overtime pay laws, on the basis of what is known as the “administrative exemption” in the Fair Labor Standards Act (FLSA). However, in many circumstances, this is a misclassification for these workers.
As a result, far too many workers who do not meet the requirements for exemption established in the FLSA are nevertheless denied the overtime pay to which they should be entitled, which can add up to a substantial amount of money for some workers. When this happens, employees may be able to take legal action against their employers to secure the wages they have been wrongly denied.
Mortgage underwriters must be paid overtime wages unless their job description fully meets the requirements of the FLSA’s administrative exemption. In order to qualify, a mortgage underwriter must:
Determining whether a mortgage underwriter’s job meets these criteria can often be difficult. Fortunately, an experienced attorney can help to clarify the issue and help you seek your unpaid wages if you are not an exempt employee.
Everyone deserves to be paid their full amount of wages, including mortgage underwriters. If you believe that you have unfairly been designated as exempt from overtime pay, contact Jason Knutson of Habush Habush & Rottier S.C. ® today at 608-255-6663 to speak with a knowledgeable legal professional about taking legal action against the employer who has denied you they pay you have earned.