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In this video, Scott Carson explains the term "AOM," which stands for "assignment of mortgage" in the note business. He clarifies that when a note is purchased, the property ownership remains unchanged; instead, the lender changes. Unlike real estate transactions, where a deed reflects ownership transfer, the assignment of mortgage serves to transfer the ownership of the note itself. Each sale of the note between banks, such as from Chase to Wells Fargo, requires a corresponding assignment of mortgage to document the transaction. This ensures a clear record of note ownership changes in the financial system.