Former Trump Mortgage LO Sues to Recover $298K in Unpaid Reimbursements – NMP Skip to main content

Former Trump Mortgage LO Sues to Recover $298K in Unpaid Reimbursements

Feb 11, 2019
The U.S. Department of Housing & Urban Development (HUD) has charged Plano, Texas landlords Quang Dangtran and his wife, Ha Nguyen, with violating the Fair Housing Act by refusing to lease a room to a prospective tenant because she is African-American

A new lawsuit is seeking compensation for a legal decision made a decade ago against the defunct Trump Mortgage operation.
 
According to a Newsday report, Jennifer McGovern, a former part-time Loan Officer at Trump Mortgage, said she never received any of the $298,274.41 that a judge ordered paid to her in February 2009. McGovern, who worked at Trump Mortgage October 2005 to May 2006, said she was responsible for a $26.5 million deal involving an industrial complex. However, McGovern was paid by commission only and she estimated that she was deserving of a $238,000 commission under the terms of her contract, which entitled her to 45 percent of any Trump Mortgage commission. But, she added, the company fired her when she refused to accept a new contract that capped her commissions at $10,000.
 
Trump Mortgage went out of business in 2007 after less than two years in operation, and all real estate operations under the Trump brand are now handled by the Trump Organization. McGovern stated that she believed her chances of gaining compensation were “slim to none.” The Trump Organization did not issue a public comment on the lawsuit.

 
About the author
Published
Feb 11, 2019
West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations

UAD 3.6 Deadline Is Monday. Are Brokers Ready?

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Oct 27, 2026