As a result, Plaintiff alleges Freedom Mortgage failed to provide accurate itemized wage statements, and thus are liable for waiting time and other statutory penalties in addition to the underlying wages, sick leave, premiums, attorney’s fees, interest, and reasonable litigation costs. Freedom Mortgage allegedly failed to reimburse employee expenses. Freedom Mortgage also allegedly maintained unlawful meal and rest policies that rendered statutory breaks late, short, missed, or interrupted, without payment of corresponding meal or rest period premium. Freedom Mortgage failed to pay overtime, meal and rest period premiums, and paid sick leave at the regular rate of compensation. Plaintiff alleges Freedom Mortgage Corporation unlawfully required employees work off-the-clock during uncompensated meal periods, resulting in unpaid minimum wages and overtime for those hours worked. The complaint alleges (1) failure to pay all minimum wages, (2) failure to pay all overtime wages, (3) meal period violations, (4) rest period violations, (5) untimely payment of wages, (6) wage statement violations, (7) failure to provide paid sick leave, (8) waiting time penalties, (9) failure to reimburse business expenses, (10) violations of the unfair competition law, (11–22) claims for civil penalties under the Labor Code Private Attorneys General Act of 2004 (PAGA). Status - Resolved Who does this case affect?Īll individuals currently or formerly employed by Freedom Mortgage Corporation in the State of California as hourly non-exempt employees at any time from Februthrough the date of trial in this action. Visit to learn more.Full Title - Chowning et al. Sagent is backed by Warburg Pincus, one of the world’s leading private equity investors, and powers trillions in outstanding mortgage servicing for its customers. Servicers use our flexible, scalable, and configurable solutions to engage borrowers and earn customer loyalty, lower servicing costs, ensure compliance, and increase the value of servicing rights throughout full market cycles. Sagent powers America’s top bank and nonbank lenders to engage, care for, retain, and modernize the homeownership experience for millions of borrowers. (Inside Mortgage Finance, 2021), and in 2021, Freedom was named one of Newsweek’s Most Loved Workplaces and a Top Workplaces USA. Freedom Mortgage is the #1 VA lender and #1 FHA lender in the U.S. “With Sagent helping power our mortgage technology, we can iterate faster on our proprietary consumer experience to meet each customer exactly where they are in their homeownership journey and serve them with a combination of digital simplicity and smart human advice.”įreedom Mortgage’s mission is to foster homeownership and make the American Dream attainable for the millions of homeowners they serve. “Freedom Mortgage sets the standard for consumer experience in mortgage, and key to our success is building with Sagent’s tech platforms to meet each customer’s individual needs,” said David Sheeler, President of Residential Servicing and Correspondent Lending at Freedom Mortgage. It’s a role we take extremely seriously, and we’re honored to expand this highly collaborative partnership for five years.”įreedom Mortgage integrates and configures Sagent technology across their experience, from building their native mobile app that hooks into their website to leveraging Sagent APIs to work with their proprietary systems for personalized target offers. “Sagent’s role as a long-term Freedom Mortgage partner is to help them create customers for life with a singular experience from push-button originations to always-engaged servicing and back to new push-button originations. “As a top ten servicer, Freedom Mortgage truly gets the need for a seamless customer experience across the entire homeownership lifecycle,” said Sagent CEO Dan Sogorka. These nimble, configurable platforms that share data in real time help the company accelerate its rapid-growth model without compromising on the exceptional quality of consumer care Freedom Mortgage is known for. KING OF PRUSSIA, Pa.-( BUSINESS WIRE)- Sagent, a fintech company modernizing mortgage and consumer loan servicing for America’s top banks and lenders, today announced a five-year partnership extension with Freedom Mortgage Corporation to continue powering its enterprise and consumer mortgage servicing ecosystem.įreedom Mortgage will continue to power scale servicing operations using Sagent’s cloud-based, homeowner-first platforms, including LoanServ (core servicing), Tempo (default management), and CARE (homeowner experience).
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