Broomfield mortgage services firm laying off 265 Colorado workers

Broomfield-based Urban Fulfillment Services has disclosed with the state of Colorado that it plans to lay off 265 employees in the state.

The company is a subsidiary of Pittsburgh-based Urban Lending Solutions. The Denver Post reports that the layoffs will occur at offices in Westminster and Highlands Ranch as Urban Fulfillment Services shutters three divisions.

The company had boomed during the foreclosure crisis that came with the burst of the housing bubble, but a company official told the Post that demand for its services have declined as the number of delinquent mortgages and foreclosures have decreased.