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In this video, Scott Carson explains the term "AOM," which stands for Assignment of Mortgage, in the context of the note business. He clarifies that when a note is purchased, the ownership of the property does not change—only the lender does. Unlike property transactions that involve a deed showing the change of ownership, notes require an AOM to indicate the transfer of the mortgage ownership. Each sale of the note should be documented by an AOM, reflecting the change in lenders. For example, if Chase originates a note and sells it to Wells Fargo, an Assignment of Mortgage is filed to record that transaction.