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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 property mortgage to secure a loan from a lender (e.g., Bank A), the lender may later choose to consolidate loans or transfer assets to another bank (e.g., Bank B). This transfer does not create a new loan; instead, the original mortgage is simply reassigned to the new lender. To formalize this process, a mortgage assignment is executed and recorded in land records, ensuring that the original mortgage remains unchanged while the loan is transferred from one lender to another.