During his tenure at PHH from December 2019 to July 2022, Martin consistently worked over 40 hours per week. Although he received overtime compensation at one and a half times his base hourly rate for extra hours, he contends he was denied overtime pay for commissions tied to achieving specific loan submission and funded loan numbers.
The complaint extends the scope, asserting that approximately 40 current and former employees also experienced incorrect payment practices.
Phh Mortgage Loan Officers Win Collective Certificate :The Path Forward
Judge Williams outlined a plan for the next steps in the legal battle. A notice will be disseminated to potential class members, providing them with a 60-day window to submit written consent to join the collective action.
This case is part of a broader trend, echoing similar accusations against other financial institutions. Notable instances involve legal actions against Fairway Independent Mortgage Corp. and Homespire Mortgage Corp. where former employees allege improper payment practices.
Response and Representation
Despite attempts to reach out, neither party’s counsel immediately responded to requests for comments.
