August 25, 2011
A California federal judge on Tuesday conditionally certified a class of Prospect Mortgage LLC loan officers who were paid on a commission-only basis to bring claims that the residential mortgage lender misclassified them as exempt from federal wage requirements.
May 31, 2011
A California federal judge on Friday refused to nix a putative class action accusing residential mortgage lender Prospect Mortgage LLC of misclassifying its loan officers and loan originators as exempt from overtime pay and minimum wage.