Debra Sage v. MortgageTrade Holding Co., LLC

District Court, N.D. Mississippi·Decided September 1, 2026·No. 3:24-cv-00392·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF MISSISSIPPI OXFORD DIVISION

DEBRA SAGE PLAINTIFF

V. CIVIL ACTION NO. 3:24-CV-392-SA-RP

MORTGAGETRADE HOLDING CO., LLC DEFENDANT

ORDER AND MEMORANDUM OPINION On December 27, 2024, Debra Sage initiated this litigation by filing her Complaint [1] against MortgageTrade Holding Co. (“MTrade”). In her Amended Complaint [5], which is the operative complaint, Sage asserts three separate claims under Title VII. MTrade has filed a Motion for Summary Judgment [60], seeking summary judgment in its favor on all three claims. That Motion [60] is fully briefed and ripe for review. Additionally, the parties have filed a litany of other Motions [62, 68, 72, 75, 84, 86] that the Court will address. Relevant Background This lawsuit concerns Sage’s employment with MTrade. Sage contends that MTrade’s decision to transfer her from her position as the Director of Product Development to the Director of Learning and Development position in February 2024 was retaliatory and discriminatory. By way of background, MTrade is a financial technology company that operates a trading platform for debt instruments. MTrade was founded by Bill Rayburn and Lois Lovelady in 2016. Rayburn and Lovelady previously worked with Sage at a related company, and they recruited her to join MTrade. Sage agreed and was initially hired by MTrade as a Product Manager in January 2018. Sage was later promoted to Senior Product Manager and held that position around two years before again being promoted to the position of Director of Product Development.1 As the Director of Product Development, a position that was created for her, Sage’s responsibilities included overseeing new product development and supervising nine or ten business analysts within the company. In the normal course of operations in this position, Sage frequently met with Brian

Mullins, an employee in the development department. She also was involved in meetings with Duncan Chen, who is MTrade’s Chief Technology Officer (“CTO”) and Mullins’ supervisor. She earned an annual salary of $180,000. In the Director of Product Development position, Sage reported directly to the Chief Operating Officer (“COO”). When Sage first transitioned into this position, Vince Credle was the COO. Thus, she reported to him. In October 2023, Sage notified Credle that she was pregnant with her third child. She testified that she had not yet publicly announced her pregnancy but that she made Credle, as her direct supervisor, aware because she was experiencing sickness and wanted to keep him apprised

of her situation. In his deposition, Credle testified that Sage reported to him complaints about Duncan Chen and his treatment of her. Although the question was not asked directly, the context surrounding this portion of the deposition testimony indicates that Credle estimates the complaint occurred in November or December 2023. As to the substance of Sage’s complaint, Credle testified: Q. Do you remember specifically what Ms. Sage complained to you about regarding Mr. Chen?

1 In her deposition, Sage testified that she was promoted to this position around August or September of 2023. See [60], Ex. 2 at p. 102-03. The unsworn “Job History” document that MTrade attached to its Motion [60] indicates that she obtained that position on April 1, 2023. See [60], Ex. 1. Although it is not critical to the disposition of the issues before the Court at this time, the Court notes that discrepancy for sake of completeness. A. Well, . . . he would not have meetings with her. And obviously, in her position, she was responsible for the quality control for the software his team was developing. He would schedule meetings without her, ignoring her, and he would also, uh, cancel meetings where -- if she was involved and just not meet with her and not talk to her directly. So it was a lot of -- you know, at first I thought it was okay, maybe this is just a communication thing, whatever. But there was a -- there was a consistent pattern of that, uh, for a period of time. Uh, I obviously talked to Duncan about it, and I thought we had -- had reso -- resolved it. So -- but, again, I don’t know what happened after I left.

[69], Ex. 2 at p. 20. During this time period, a particular project for which Sage was responsible was the Uniform Loan Delivery Dataset Project (“ULDD Project”), which was to be completed for Radian Capital Markets (one of MTrade’s clients). In its Memorandum [61], MTrade described the ULDD Project and Sage’s responsibilities related thereto as follows: The Uniform Loan Delivery Dataset is a standardized set of 383 required data fields. Loan information is drawn from multiple documents and loan types, all of which must align with those required fields for the loan to be processed successfully. Sage was responsible for managing project tickets—a prerequisite to any coding work by developers—and ensuring the necessary data mapping was completed for the project to function properly.

[61] at p. 4 (citations omitted). Sage’s performance in connection with the ULDD Project is a main point of contention in this litigation. On that point, Rayburn, who again is a co-founder of MTrade and serves as Chairman of the Board and CEO, testified that he received a call from Preston James, the COO of Radian, during which call James expressed to Rayburn his dissatisfaction with MTrade’s performance in connection with the ULDD Project. Rayburn testified that he immediately called Sage about the project and that she told him “it will be done December the 11th.” [60], Ex. 5 at p. 12. Rayburn testified about this conversation and the events that transpired thereafter: Q. Okay. Did she tell you anything about why it wasn’t ready at that moment of the call?

A. No. She said it’s gonna be done December the 11th.

Q. Okay. Did she tell you anything of what she was going to do to make sure it was done by December 11th?

A. No.
Q. Okay. So December 11th arrives, and it’s not ready. Right?
A. Yes.

Q. Okay. How did you find out it wasn’t ready on December 11th? Maybe that’s a better question.

A. I didn’t on December 11th. I just assumed everything was fine.
Q. Okay. How did you find out that the deadline was missed?

A. So I asked, I don’t know, a week or two later if we pushed that -- push is where you move from a testing server to a production server. When it goes to production, a client can use it. They can see it. And I said, “Are they taken care of? Are they good?” And she said “No, we still have some issues.” Okay? And I said, “What are the issues?”

Q. Okay. Do you remember when this was?

A. Not the exact date but sometime, if I had to either -- late December or early January.

Id. at p. 14-15. Sage testified that sometime around this time period Rayburn and Lovelady became aware of her pregnancy and “weren’t very happy when they found out [she] was pregnant with [her] third [child].” [60], Ex. 2 at p. 223. When questioned about the basis for her belief on that point, she testified: We were at a Christmas party at the bowling alley when I told [Rayburn and Lovelady] I was pregnant. And they’re like, “Oh, we heard. That’s a third. That’s a lot.” And just kind of walked off.

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Debra Sage v. MortgageTrade Holding Co., LLC, (N.D. Miss. 2026).

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