Aegis Paid $507,899 in Back Wages

Aegis Mortgage Corp. has agreed to pay $507,899 in back wages to 340 employees to resolve violations of FLSA overtime requirements.

After the investigation, The Labor Department found that the Houston-based company misclassified its inside sales and loan processing employees as being exempt from overtime.

Vice president of corporate communications for Aegis Mortgage Pat Wente said the company has changed its payroll procedures to avoid this problem again.

The back wages have been paid in full.