Universal Mortgage Corp. of Mequon plans to close its headquarters in Mequon at 12080 N. Corporate Parkway, resulting in 100 employees losing their jobs.
In its layoff notice filed with the Wisconsin Department of Workforce Development, Universal Mortgage said it was unable to secure funding or find a buyer to keep the business open.
Universal Mortgage said it will begin closing the facility on May 15, and some employees will receive less than the 60 days notice of their layoffs.
The DWD and its regional partner, the Waukesha-Ozaukee-Washington Workforce Development Board, are providing rapid response services for the displaced employees.
