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Movement in the Mortgage Industry: Movement of Employees

What legal issues should mortgage professionals consider when moving from one company to another? In this second episode of our “Movement in the Mortgage Industry” series, attorneys Marty Frenkel and Brian Nettleingham break down key legal and contractual considerations for both employees and employers during transitions. Chapters: 00:08-00:29 - Introduction 00:30-02:23 - What should the individual consider as they move from one company to another? 02:24-03:19 - To what extent can an employee plan to leave while still employed with their current employer? 03:20-04:39 - What key provisions of an employment agreement are relevant when planning to leave for another mortgage company? 04:40-06:03 - What issues arise when a group of employees considers leaving together? 06:04-07:34 - How are active loan files handled when an employee departs? 07:35-09:36 - Should the new employer inquire about any existing employment agreement? 09:37-10:21 - What are the risks associated with hiring an employee from a competitor? 10:22-11:05 - How does a company mitigate those risks when hiring an employee from a competitor? 11:06-12:30 - How can a company protect itself when paying signing bonuses? 12:31-14:35 - Are there any intellectual property concerns when hiring a team or a branch? Contact information: If you have any questions or need additional information, please reach out to Marty Frenkel at [email protected] or Brian Nettleingham at [email protected]. Like, Comment, Subscribe: If you found this video helpful, please like, comment, and subscribe to stay updated on future episodes. Thank you for watching! #FinancialServices #MaddinHauser #Mortgages #MortgageIndustry