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June 26, 2014

Mortgage Loan Officers and Overtime: Supreme Court Will Consolidate and Review Cases

By George Brooks

Two cases, Perez v. Mortgage Bankers Association and Nickols v. Mortgage Bankers Association, are the heart of the dispute.

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How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
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31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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