As part of the partnership, Stewart Title Limited allows PEXA to cover the ‘lodgement gap’ in relation to transactions conducted on the PEXA platform by underwriting the risk.
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Counsel’s Corner: Banks Win One Case Over Mortgage Underwriters, But It’s Not Over
Counsel's Corner is an ongoing series in which DS News talks with attorneys around the country about the most pressing issues facing the default servicing and mortgage industries. This installment features Howard Knee, a partner in the Los Angeles office of Blank Rome.
Read More »Are Mortgage Underwriters Exempt Employees?
In order to qualify as an exempt employee under the Fair Labor Standards Act, an employer must show, among other factors, that the employee’s primary duty is “the performance of office or non-manual work directly related to the management or general business operations of the employer or the employer’s customer.”
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