Prospect Mortgage verdict agrees LOs are exempt outside salespeople.

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In an important decision in the U.S. District Court for the Eastern District of Virginia, a jury ruled in favor of Prospect Mortgage LLC, by saying the company properly classified a former loan officer (LO) as an outside salesperson exempt from overtime under the Fair Labor Standards Act (FLSA).

A jury reached that verdict in a case involving Alison Cougill, a former mortgage loan officer with Prospect Mortgage. In a press release announcing the verdict, it was noted that this is one of multiple victories that Prospect recently enjoyed on the FLSA claims of former loan officers.

This is one of multiple victories that Prospect recently enjoyed on the FLSA claims of former loan officers.

The press release stated, "Prospect's four recent victories on...

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