Wisconsin lender Inlanta Mortgage announced plans to shut down next year after laying off 62 employees. Inlanta was planning to expand in the summer, but the company failed to stay afloat amid worsening market conditions.

“Due to the dramatic and unanticipated drop in mortgage product demand, business circumstances have dictated that Inlanta Mortgage’s assets be transitioned to a third-party purchaser,” Paul Buege, president of Inlanta Mortgage, said in a notice of business closing filed with the Wisconsin Department of Workforce Development on November 29.

Layoffs at the site in Pewaukee, Wisconsin are “expected to commence on November 29, 2022, and to details ⇒

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