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Mortgage Lenders Network sells loan servicing assets for $129,866
By Caroline Salls
Pittsburgh, July 11 - Mortgage Lenders Network USA, Inc. obtained court approval of the $129,866 sale of its loan servicing platform and related assets to Green Planet Servicing, LLC, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.
The assets being sold include real estate leases and equipment leases; intellectual property, including software licenses; and other personal property used in the loan servicing platform, including office equipment and furniture.
Mortgage Lenders Network, a Middletown, Conn.-based lending company, filed for bankruptcy on Feb. 5. Its Chapter 11 case number is 07-10146.
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