Lake Zurich, Illinois-based Dovenmuehle Mortgage, a sub-servicing company for commercial banks, credit unions, independent mortgage lenders, MSR investors, and state housing finance agencies nationwide, has announced a reduction in force.
The reduction in force will impact 212 employees in the Lake Zurich office, commencing on February 16, 2024. Positions being eliminated include six supervisors, four assistant managers, four project managers, and dozens of employees in operations, including 34 customer service representatives (six of whom are bilingual), 14 loss mitigation specialists, 10 clerical support workers, and nine client advocates.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?