Former AmeriSave Mortgage Corp. employees are suing the company, claiming failure to pay wages, bonuses and commissions.
A group of 11 former employees are part of the lawsuit. Multiple publications have reported on the matter. The group also alleges the company conducted a defamatory campaign against them after they were laid off in July 2022.
The employees were part of a wave of about 200 hired in early 2022 to establish a retail mortgage sales division, according to HousingWire. When hired, the employees were allegedly told the company had about $1.5 billion in funds to see them through the tough times and that they would emerge “dominant.”
However, about 140 employees were laid off within one to three months—between July 15 and August 15, 2022—according to the article.
The former employees allege that AmeriSave “did not pay the wages, bonuses and commissions guaranteed by their offer of employment.”
The lawsuit also alleges that after the layoffs, AmeriSave execs told some of the top industry recruiters that the former employees had not met performance goals and also reportedly made “derogatory entries” on the Nationwide Multistate Licensing System, according to HousingWire.
The lawsuit also says the NMLS records showed a termination “for cause,” which gives regulators cause to investigate the former employees, according to the article.
The lawsuit accuses AmeriSave of fraud, breach of contract, negligence, intentional interference with prospective economic relations, violations of the Warn Act and defamation, among others, according to reports.