Freedom Financial Network Funding LLC · San Mateo, California
Case #I-200-22343-632555
In FY2023, Freedom Financial Network Funding LLC sought H-1B sponsorship for a Product Manager in San Mateo, California at $1,625k per year, which is 1134% above the prevailing wage of $132k. The case was denied in 4 days during the FY FY2023 cycle. This position is for continued employment.
| Case Number | I-200-22343-632555 |
| Case Status | Denied |
| Visa Class | H-1B |
| Fiscal Year | FY 2023 |
| Employer | Freedom Financial Network Funding LLC |
| Employer Location | San Mateo, California |
| Job Title | Product Manager |
| SOC Code | 15-129909 – Information Technology Project Managers |
| Worksite | San Mateo, California |
| Annual Wage | $1,625k |
| Prevailing Wage | $132k |
| Wage Premium | +1134.0% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Software Engineer | $137k | CERTIFIED | Sep 3, 2025 |
| Product Manager | $151k | CERTIFIED | Aug 8, 2025 |
| Test Engineer | $116k | CERTIFIED | Jul 18, 2025 |
| Manager, Software Engineering | $140k | CERTIFIED | May 21, 2025 |
| Sr. Test Engineer | $140k | CERTIFIED | May 20, 2025 |
This Labor Condition Application (LCA) was filed by Freedom Financial Network Funding LLC for the position of Product Manager in San Mateo, California. The offered annual salary is $1,625k, compared to the prevailing wage of $132k for this occupation and location. This represents a wage premium of +1134.0% above the prevailing wage.
The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.
Case status: Denied. This means the Department of Labor has denied the application, possibly due to wage or documentation issues.
A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.
When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Freedom Financial Network Funding LLC filed LCA case number I-200-22343-632555 to sponsor a Product Manager position at their worksite in San Mateo, California. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.
The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:
For this filing, the offered wage of $1,625k compares to the DOL prevailing wage of $132k for Information Technology Project Managers positions in the San Mateo, California area. The positive wage premium of +1134.0% indicates the employer is offering above the DOL-determined average for this occupation and location.
The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.
A "Denied" status means the DOL has determined that Freedom Financial Network Funding LLC's LCA did not meet one or more regulatory requirements. Common reasons for denial include: the offered wage falling below the prevailing wage, errors in the application, failure to properly attest to working conditions, or prior violations by the employer. The employer may correct the identified issues and submit a new LCA.
This LCA was received by the DOL on Dec 9, 2022 and a decision was rendered on Dec 13, 2022, a processing time of approximately 4 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.
The offered salary of $1,625k for this Product Manager position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 15-129909 (Information Technology Project Managers), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.
The offered annual salary for this Product Manager position at Freedom Financial Network Funding LLC is $1,625k. The Department of Labor prevailing wage for this occupation and location is $132k. The offered wage represents a +1134.0% premium over the prevailing wage.
This H-1B filing is for a position located in San Mateo, California. The employing company, Freedom Financial Network Funding LLC, is headquartered in San Mateo, California.
This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.
The employer for this filing is Freedom Financial Network Funding LLC, located in San Mateo, California. Freedom Financial Network Funding LLC filed this Labor Condition Application (case number I-200-22343-632555) for a Product Manager position during fiscal year FY 2023. View all Freedom Financial Network Funding LLC H-1B filings.
Denied means the U.S. Department of Labor has rejected this Labor Condition Application. Common reasons for denial include offering a wage below the prevailing wage, incomplete documentation, failure to properly attest to working conditions, or prior violations.