Assignment of Mortgage Package - Montana 2026

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  1. Click ‘Get Form’ to open the Assignment of Mortgage Package in our editor.
  2. Begin with the 'Assignment of Deed of Trust by Individual Mortgage Holder' form. Fill in the required fields, including the names and addresses of both the assignor and assignee, ensuring accuracy for legal purposes.
  3. Next, proceed to the 'Assignment of Deed of Trust by Corporate Mortgage Holder' if applicable. Enter corporate details and ensure that authorized representatives sign where indicated.
  4. Complete the 'Letter of Notice to Borrower of Assignment of Mortgage'. This letter should clearly inform the borrower about the assignment, including relevant dates and parties involved.
  5. Finally, fill out the 'Letter to Recording Office for Recording Assignment of Mortgage'. Ensure all necessary information is included for proper recording at your local office.

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A corrective assignment corrects or amends a defect or mistake in the original assignment. A corporate assignment is an assignment of the mortgage from one corporation to another. A mers assignment involves the Mortgage Electronic Registration System (MERS).
This clause facilitates the secondary market for mortgages, enabling lenders to manage their portfolios and liquidity by transferring loans, and ensures that borrowers are aware that their loan obligations may be owed to a new party.
A residential mortgage loan is defined as a loan primarily for personal, family, or household use secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or on residential real estate located in Montana.
Assignment of mortgage typically happens because, once you close on your mortgage loan, your lender will quickly sell the mortgage note to another entity. Doing so allows your mortgage provider to ensure future financial liquidity so that it can keep extending home loans to other borrowers.

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