UWM, one of the largest mortgage lenders in the nation, is currently facing two lawsuits filed by former underwriters. These lawsuits have been brought forth due to allegations that the company has fostered a hostile workplace environment, gender/sexual harassment and failed to provide the legally mandated payments of minimum wages and overtime.
As a result of these serious accusations, UWM has become the subject of intense media scrutiny. The lawsuits add to UWM’s already declining reputation, which has been further impacted by its lack of compliance with new regulations, concerning consumer loan disclosure requirements. Such claims and regulations have caused UWM to lose significant business. In an effort to address these concerns, the company is attempting to revamp its corporate culture and repair its public image.
Important Elements:
•Two lawsuits filed by former underwriters
•Allegations of hostile workplace environment, gender/sexual harassment
•Failure to provide required payments of minimum wages and overtime
•Intense media scrutiny
•Declining reputation and lack of compliance with new regulations
•Company attempting to improve corporate culture and repair public image
You can read this full article at: https://www.housingwire.com/articles/ex-underwriters-sue-uwm-for-retaliation-amid-covid-19-return-to-work-policy/(subscription required)
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