About the Webinar
With the easing of FHA’s restrictions on Dual Employment, many companies are beginning to hire dually employed loan officers. However, dual employment presents risks, opportunities and liabilities unique from the typical employment of loan officers. Treating the dually employed similarly to other LO’s and utilizing the same agreements can open lenders to substantial liabilities. During this special briefing, we will discuss the structural components necessary for effective and safe dual employment, as well as the contractual terms needed to properly employ dual loan officers.
Learning Objectives:
Dual employment considerations for Minimum Wage, Overtime and Benefits
Avoiding liability for consumer claims: limiting liability under joint employment and similar doctrines not applicable with typical LO’s
Changes to Employment Agreements: how agreements must be modified to avoid liabilities and risk in the context of dual employment
Different considerations for protection of confidential information and preventing solicitation
Presenters
Daniella Casseres, Partner and Head of Mortgage Regulatory Practice
Daniella serves on Mitchell Sandler’s management committee and leads the firm’s mortgage regulatory practice group. She advises mortgage lenders, financial institutions, and consumer finance companies on regulatory compliance and enforcement matters, bringing the insight of a former banking regulator at the Federal Reserve Bank of Chicago to her work. She regularly counsels clients on state and federal laws relating to fair lending, advertising, licensing, and privacy with particular experience helping mortgage lenders comply with the requirements of the Truth in Lending Act, the Real Estate Settlement Procedures Act, the Fair Housing Act, the Fair Credit Reporting Act, the Bank Secrecy Act, and state regulatory requirements.
Ari Karen, Partner and Head of Litigation, Labor & Employment Practice
Ari represents businesses and financial institutions in litigation matters, government investigations, and advises clients on regulatory compliance matters. He is widely praised for his business-friendly style of representation that combines aggressive advocacy with a sensitivity to practical business considerations. Ari’s approach looks at the impacts of legal strategy in real life scenarios, allowing his clients to remain both compliant and competitive.