Mortgage Access Corp., Etc. v. Richard Meyer

CourtNew Jersey Superior Court Appellate Division
DecidedFebruary 14, 2025
DocketA-0073-23
StatusUnpublished

This text of Mortgage Access Corp., Etc. v. Richard Meyer (Mortgage Access Corp., Etc. v. Richard Meyer) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Mortgage Access Corp., Etc. v. Richard Meyer, (N.J. Ct. App. 2025).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0073-23

MORTGAGE ACCESS CORP., d/b/a WEICHERT FINANCIAL SERVICES,

Plaintiff-Appellant,

v.

RICHARD MEYER,

Defendant-Respondent.

Submitted December 4, 2024 – Decided February 14, 2025

Before Judges Currier and Paganelli.

On appeal from the Superior Court of New Jersey, Law Division, Morris County, Docket No. L-0705-23.

Laddey, Clark & Ryan, LLP, attorneys for appellant (Thomas N. Ryan and Thomas J. White, on the briefs).

Jonathan E. Hill, attorney for respondent.

PER CURIAM Plaintiff Mortgage Access Corp., d/b/a Weichert Financial Services

(Weichert), appeals from a July 11, 2023 judgment in favor of defendant Richard

Meyer (Meyer) upholding an arbitration award of $1,224,485 in a Law Against

Discrimination (LAD) action, N.J.S.A 10:5-1 to -40, as well as an award

providing additional post-judgment interest and attorney's fees. After

conducting a careful review of the trial court's decision and the arbitration award

in light of the applicable principles of law, we affirm.

I.

In 2016, Weichert hired Meyer as a mortgage loan advisor in its Consumer

Direct department. Meyer signed an arbitration agreement which required all

disputes to be submitted to binding arbitration with the American Arbitration

Association (AAA).

At the time of his hiring, Meyer was sixty-nine years old, the oldest

individual employed by Weichert as a mortgage advisor. By 2020, Meyer was

the only remaining Consumer Direct mortgage advisor as the other mortgage

advisers had either left or moved to other positions within the company. Meyer's

work primarily consisted of the refinancing of loans for Weichert's clients.

Meyer was one of the company's top performers in 2019 and continued to

perform well in 2020, in part due to the favorable refinance market, resulting

A-0073-23 2 from lower interest rates. In the first four months of 2020 Meyer earned

$110,481, primarily in commission income.

The low interest rates continued during the COVID-19 pandemic,

resulting in consumers' continued desire for refinancing of mortgages and Meyer

was very busy. However, the pandemic adversely affected another of Weichert's

departments, the Workforce Mobility Division, which experienced a 40% drop

in its workload due to the lack of relocation business.

In response, company President Eric Declercq made the decision to

discontinue Consumer Direct and reassign that work to the Workforce Mobility

Division. Meyer's position was terminated on May 8, 2020. Meyer was seventy-

two years old at the time.

During the arbitration hearing, Declercq testified that, in making this

decision, he reasoned that Consumer Direct was a "rate-sensitive division" and

since he believed "rates were going to be going up," he decided to "close that

division strategically." Declercq further testified there were "no openings in

[Weichert's retail division] . . . , and [the] . . . [Workforce] Mobility business

was going . . . downward because of COVID[-19] . . . and [Meyer] was not

qualified for" the Workforce Mobility work. Declercq conceded he did not

A-0073-23 3 review Meyer's past professional experience or performance to determine if he

had the necessary qualifications for other positions.

Around the same time of Meyer's firing, Weichert hired a new employee

who was approximately fifty-five years old to work in the Mobility Division. In

October 2020, Weichert hired another employee, who was thirty-six years old,

with no prior mortgage experience. She was transferred to Consumer Direct

approximately six months later when the division re-opened.

Meyer began looking for work in June 2020. Within several weeks of his

termination, Meyer found an online job advertisement for a position with

Weichert and applied for it. Weichert declined to hire Meyer, informing him

that he was not qualified for the position. Meyer obtained new employment in

July 2020.

II.

In December 2020, Meyer filed a complaint with the AAA, alleging

Weichert violated the LAD in discriminating against him because of his age and

not reassigning him to another position within the company. He sought

compensatory and punitive damages. The parties then engaged in extensive

discovery.

A-0073-23 4 While the litigation was ongoing, Declercq expressed concerns in a

podcast about the aging workforce in the real estate, mortgage, and title

industries. He stated: "Many of us . . . are older dinosaurs in the industry and

. . . it's hard for a lot of those folks to change." Declercq testified that his

comment referred to challenges older employees faced with new technology.

During the podcast, Declercq also stated:

I think everyone entered the business when I did so we're all in our mid 50s in this space and it's been a criticism of the population of mortgage advisors[,] . . . we have so many contemporary individuals who have entered that space. I have one young lady in particular. She started with us as an assistant. And she just had the eye of the tiger. And she tried to take her test three times and failed and finally she made it. She just wanted to get this done. I watched this young lady and we finally converted her to a mortgage advisor in the heart of this pandemic so she didn't know refinance or any of those other things. And she came out of the gate in her first two months in the middle of the pack of our sales organization just because . . . it is about your underlying talent and skill set, tenacity, eye of the tiger, you pick the word . . . we can teach anyone this business. It has effectively been the same forever. It doesn't matter what we're selling or doing . . . it's all about the individual.

Following the conclusion of discovery, Weichert moved for summary

judgment. The arbitrator dismissed Meyer's failure to rehire claim but denied

summary judgment on the age discrimination—wrongful termination claim.

A-0073-23 5 The arbitrator found Meyer "presented evidence sufficient for a reasonable

finder of fact to conclude that the stated reasons . . . offered to justify the

elimination of [Meyer]'s job did not actually motivate the employer's actions."

As Meyer established a prima facie case of age discrimination, summary

judgment was denied.

A hearing was conducted on July 13 and 14, 2022, during which the

parties presented witnesses and documentary evidence. In addition to the facts

stated above, Meyer alleged he suffered emotional distress following his

termination from his job, stating he "became very depressed." He testified he

was concerned about his finances and ability to afford his home, which he had

recently purchased. In addition, he said he began arguing with his wife, had

difficulty sleeping given his worries about finding a job, experienced stress, and

began taking anti-depression medication.

Meyer asserted the arbitrator should rely on his income from the first four

months of 2020 to calculate his economic damages. Weichert contended Meyer

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