Paramount Residential Mortgage Group alleged to have not paid for overtime work

Paramount Residential Mortgage Group (PRMG), a leading lender in the mortgage industry, has been sued in a putative class action by an hourly employee and an underwriter for not providing them with meal breaks and rest periods, for failing to pay them for work taken home from the office (called "off the clock" work), and for failing to pay the correct rate for overtime (double time for work over twelve hours in one day).

I have been working at Paramount Residential Mortgage Group full-time for less than a year Pros If you are looking to run your own mortgage business and benefit from a culture unlike anywhere in the industry, PRMG, Inc. is your home!

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Paramount Residential Mortgage Group, Inc. (PRMG) has been a leader in mortgage banking for well over a decade. As one of the largest privately held national mortgage bankers and residential home lenders, PRMG has successfully helped homeowners purchase and refinance their homes across the country.

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This estimate is based upon 3 Paramount Residential Mortgage Group Mortgage Underwriter salary report(s) provided by employees or estimated based upon statistical methods. When factoring in bonuses and additional compensation, a Mortgage Underwriter at Paramount Residential Mortgage Group can expect to make an average total pay of $91,523 .

Meet Louie Rutnam Loan Officer with Paramount Residential Mortgage Group Overtime income is paid in addition to your normal base wage when you work more hours than you are required to. In general the overtime that you work may vary from week to week, but it can be somewhat consistent for those who work in healthcare, law enforcement or a variety of other industries.

PRMG Regional Manager Buddy White. 2019 Paramount Residential Mortgage Group, Inc. All Rights Reserved NMLS #75243

111 reviews from current and former Paramount Residential Mortgage Group employees about Paramount Residential Mortgage Group culture, salaries, benefits, work-life balance, management, job security, and more.

Plaintiffs Rincon EV Realty LLC, Rincon ET Realty LLC and Rincon Residential Towers LLC borrowed $110 million in 2007 from Bear stearns commercial mortgage. California does not have a materially.