Assignment of mortgage
An assignment of mortgage (or of deed of trust) is the recorded document that transfers the lender’s interest in the security instrument to a buyer, so public records show who holds the lien.
How an assignment works
The note says who is owed the money; the mortgage or deed of trust ties that debt to the property. When a loan is sold, the seller endorses the note and signs an assignment of the security instrument to the buyer, which is recorded in the county where the property sits. The buyer's title policy is updated with an assignment endorsement.
Why it matters to a private lender
Recording protects the buyer against later claims and lets it enforce the lien. Buyers expect the assignment in recordable form at settlement, and delays in recording are a common closing condition.
On Lender Capital
For a loan funded at closing, the assignment to the capital partner is recorded at closing. For a loan sold after funding, it is recorded within 10 business days after settlement, under the purchase agreement. On Lender Capital, private and hard money lenders sell whole, first-lien, business-purpose loans they originated and funded, performing or not (no seller-financed notes or land contracts): a capital partner buys the entire loan and the sale settles through an escrow agent. Lender Capital never lends or buys loans with its own money. See sell your loans.
Where Lender Capital fits
Lender Capital places first-lien, business-purpose real estate loans with capital partners. You apply once, then submit each loan with the full file. We send it only to capital partners whose criteria it fits, one partner funds the whole loan at closing and it is assigned to them. You keep your points (less the placement fee), earn the spread above the partner’s rate and service the loan. You pay a placement fee only when a loan funds.
Lender Capital is a business-to-business platform. This page is general information, not legal, tax or securities advice. Terms of warehouse lines and other funding sources vary by provider; confirm them with each provider and your counsel.