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An assignment is the legal term used to indicate that someone is transferring a legal right or interest they have to someone else. Mortgage. Loan. Assignments: , .An assignment of a mortgage occurs when a loan for a piece of property (home or otherwise) is assigned to another party. We provide end to end mortgage assignment services for various mortgage lenders, brokers and credit unions in USA at lowest prices. Assignments of Mortgage. If the buyer is not on the county record as the loan owner, it can put the investment at risk.