Home Industries Banking & Finance Dovenmuehle Mortgage laying off employees at Brookfield office

Dovenmuehle Mortgage laying off employees at Brookfield office

By
Ashley Smart
-
18650 W. Corporate Drive. Photo courtesy of Founders 3 Real Estate.

Lake Zurich, Illinois-based Dovenmuehle Mortgage is laying off 17 employees at its Brookfield office, located at 18650 W. Corporate Drive. A WARN notice submitted to the state’s Department of Workforce Development states the action is only a “partial reduction” to the company’s Brookfield workforce and that most of the affected employees work remotely while reporting

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this subscriber-only article.

Ashley Smart
Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.
Linkedin Mail Twitter

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
Lake Zurich, Illinois-based Dovenmuehle Mortgage is laying off 17 employees at its Brookfield office, located at 18650 W. Corporate Drive. A WARN notice submitted to the state’s Department of Workforce Development states the action is only a “partial reduction” to the company’s Brookfield workforce and that most of the affected employees work remotely while reporting to the Brookfield location. The layoffs are expected to take place beginning Feb. 16, 2024. When reached Monday, the company declined to comment on the reason for the layoffs. "As a private company, Dovenmuehle does not comment on internal matters, including workforce details," according to a Monday statement from company leadership. Dovenmuehle Mortgage also has locations in San Francisco; Elgin, Illinois; and North Aurora, Illinois. The company specializes in servicing loans on behalf of commercial banks, credit unions, mortgage banking companies, and state and local housing finance agencies nationwide. Dovenmuehle was founded in 1844 and is the oldest mortgage banking company in the Midwest.

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version