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CrossCountry Mortgage notches court victory over loan officers

CrossCountry Mortgage notches court victory over loan officers
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Lawsuit against CrossCountry Mortgage moves forward | Crain s Cleveland Business

A lawsuit filed in February accuses CrossCountry Mortgage of not paying some loan officers in 2022 as the mortgage lending industry slowed down. In a recent development, a federal judge has ordered the company to provide contact information for other loan officers who may be eligible to opt into the case.

CrossCountry Mortgage didn t pay some loan officers in 2022, lawsuit contends

The case, filed as a class-action by a former employee in New Jersey, accuses the Northeast Ohio-based mortgage lender of paying salespeople only by commissions, which resulted in zero pay during some periods amid a national downturn in the mortgage business.

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