Employment Loan Officer Contract

EMPLOYMENT LOAN OFFICER CONTRACT

This Employment Loan Officer Contract (the "Agreement") is entered into between Employer Name: and Loan Officer (Employee) Name: . Effective Date:

Personal Information

Position Information

Anticipated Start Date:   Work Location:

Full-time    Part-time    Exempt    Non-exempt

Compensation and Commissions

Draws, Advances, and Clawbacks: The Employee acknowledges that any draw or advance against commissions will be subject to reconciliation and may be recovered from future commissions or wages consistent with law. The Employee agrees to the following recovery procedure:

Benefits and Expenses

Eligible benefits (if any) include health insurance, retirement plan participation, paid time off and other benefits as described in company policy. Employee will be reimbursed for reasonable business expenses when submitted in accordance with company policy.

Licensing, Compliance and Conduct

Employee shall maintain all required licenses, registrations, and recordkeeping necessary to originate and/or broker loans and shall comply with all applicable federal, state and local laws, regulations and company policies. Employee must immediately notify Employer of any regulatory action, license suspension or criminal charge affecting Employee's ability to perform duties.

Confidentiality, Non-Solicitation and Proprietary Rights

Employee will not, during or after employment, disclose or use confidential business information or trade secrets of Employer, including but not limited to borrower lists, pricing models, underwriting criteria, and compensation arrangements. For a period of 12 months following separation, Employee shall not directly solicit customers or employees of the Employer with whom Employee had material contact, except as expressly permitted in writing.

Termination

Either party may terminate this Agreement at any time. Employment is at-will and either party may terminate the employment relationship with or without cause and with or without notice, except as otherwise provided by law or this Agreement. Termination for cause includes willful breach of the Agreement, fraud, violation of law, material violation of company policies or gross negligence.

Representations, Background Check and Authorization

Employee represents that all statements in this Agreement and accompanying documents are true and complete. Employee authorizes Employer to obtain and review background checks, credit reports, employment and licensing verifications, and to contact prior employers and references. Employee further authorizes release of such information to the Employer.

Authorization to Conduct Background Check: I authorize Employer to perform background, credit and licensing checks as permitted by law.

Employment History

Education

References

Legal Disclosures and Notices

At-Will Employment: Nothing in this Agreement shall be construed to create a contract for a specific term of employment. Employee's employment is at-will and either party may terminate the relationship at any time, with or without cause, subject to any limited severance or notice provisions expressly set forth herein.

Equal Employment Opportunity: Employer is an equal opportunity employer and does not unlawfully discriminate in employment on the basis of protected characteristics under applicable law. Employment decisions are based on legitimate business reasons and qualifications.

Applicant Certification and Acknowledgment

I certify that the information provided in this document and in any attachments is true, correct and complete to the best of my knowledge. I understand that false statements or omissions may be grounds for termination. I acknowledge receipt of this Agreement and agree to perform the duties set forth herein in accordance with applicable law and Employer policies.

By signing below, the parties confirm that they have read, understand, and agree to be bound by the terms and conditions set forth in this Employment Loan Officer Contract. This Agreement constitutes the entire agreement between the parties with respect to the subject matter herein and supersedes prior agreements, whether written or oral, except as expressly preserved in writing.

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