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In real estate, mortgage assignments are documents that facilitate the transfer of mortgage rights on a property loan. For instance, if a lender, referred to as Bank A, issued a loan to a homeowner (the borrower), the mortgage is pledged as collateral. If Bank A later decides to consolidate loans or transfer assets, they may assign that mortgage to another lender, referred to as Bank B. This process does not create a new loan; instead, it involves transferring the existing mortgage from one lender to another. To formalize this transfer, a mortgage assignment document is filed in the land records, ensuring that the original mortgage remains intact and unchanged while the loan ownership is updated.