Having comprehensive power over your papers at any time is vital to alleviate your daily tasks and boost your efficiency. Accomplish any objective with DocHub tools for document management and practical PDF editing. Gain access, modify and save and incorporate your workflows with other secure cloud storage services.
DocHub offers you lossless editing, the possibility to work with any format, and safely eSign documents without having searching for a third-party eSignature software. Make the most of your file management solutions in one place. Try out all DocHub capabilities today with your free profile.
hey everybody scott carson here with your note term of the day todays term of the day is aom now what does that stand for in the note business well an aom stands for assignment of mortgage now in the note business when i buy a note the property ownership does not change the lender does right so unlike buying a piece of property where theres a deed file that shows the transfer of the owner from john smith to stephen holmes as property owner we dont have that when i buy a note the property owner stays the name says the same name but weve got to show something that transfers ownership of that note and thats what an assignment of mortgage is it shows that one bank has sold the mortgage or transferred the note to somebody else and for every time that the note has been sold there should be an assignment a mortgage that corresponds to reflect that so if chase originated a note and they sold it to wells fargo those being an assignment a mortgage gets filed s