Our firm is prosecuting an action against Home Savings of America, Inc. ("Home Savings"), seeking to recover unpaid minimum wage and overtime compensation on behalf of all loan officers nationwide.  We allege that Home Savings violated federal law by deliberately failing to keep accurate time records and failing to pay all wages earned, including overtime, as required by the Fair Labor Standards Act ("FLSA").

Our clients allege that hundreds, or thousands, of inside loan officers working for Home Savings were victimized by Home Savings' unlawful practices and are eligible to join this lawsuit.  This action is brought on behalf of all loan officers employed by Home Savings within the last three years.

Under the FLSA, employees are entitled to wages for all hours worked and time-and-a-half pay for all time worked over 40 hours worked in a workweek, unless they are exempt from the Act.  Federal law also requires employers to maintain accurate records of hours actually worked by employees.

In this case, we allege that inside loan officers were not exempt from the FLSA because, among other reasons, they were not paid a guaranteed salary as required by the Act.  Rather, Home Savings paid its loan officers primarily on a commission-only basis.  Our clients allege that they often worked overtime hours in excess of 40 per week selling residential loans and that Home Savings failed to record the time worked by its loan officers.

If you are currently employed or have been employed in the past three years by Home Savings as a loan officer and want more information on your rights, please Contact Us.