Arizona-based mortgage lender Suburban Mortgage Inc.’s website is down and employees’ emails are disabled, indicating that the company apparently shut down its operations and laid off its employees. 

HousingWire reached out to representatives for the company, but they did not respond to requests for comments. A former employee told HousingWire that executives sent an email on Friday morning informing them about the decision to cease operations by 4:30 PM that day. The message did not provide further details, such as the reasons for shutting down and the future of the loans portfolio. 

According to the former employee, Suburban laid off around 80 employees details ⇒

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