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In real estate, mortgage assignments are documents that facilitate the transfer of mortgage rights on a property loan. When a borrower pledges their mortgage to secure a loan, it is originally issued by a lender, referred to as Bank A. If Bank A decides to consolidate loans or transfer assets, it may transfer this loan to another institution, termed Bank B. This process does not create a new loan between the borrower and the lender; instead, the original mortgage is transferred from Bank A to Bank B. A mortgage assignment document is created to record this transfer in land records, ensuring that the original mortgage remains unchanged while simply reassigning the loan to a new lender.