Dual Employment: Different Hiring Considerations and Strategies

About the Webinar

On-Demand | 45 mins | Presenters: Ari Karen, Daniella Casseres

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.  This webinar dives into 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

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