Mortgage company lays off local employees, closes doors - WKOW 27: Madison, WI Breaking News, Weather and Sports

Mortgage company lays off local employees, closes doors

Posted:

Middleton (WKOW) -- from WI Dept. of Workforce Development:  Mortage company MortgageIT, Inc. has started mass layoffs in preparation for a shutdown of its local office.

  The company announced they plan to let go all 72 of their local employees at their Middleton office.

  Layoffs will start on February ninth, and are expected to be permanent.

  This plan is part of the company's plan to shut down their Middleton office location.

  MortgageIT, Inc. is a subsidiary of Detsche Bank.

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