Loan Assignments

**Overview**
Assignments delivers property transactions that represent a loan assignment to a new lender, including both assignor and assignee lenders.

Assignments includes both loan assignments, which identifies when a loan is sold from one lender to another, and mortgage subordination transactions.

Assignment transactions are important to track the life of a loan and provide insight on homeowner mortgage details, lender activity and mortgage history. Assignments are used by mortgage lenders, researchers and others to track the life of a loan and provide insight on homeowner mortgage details, lender activity and mortgage history.

Product Attributes:
- Assignment recording date
- Document number
- Assignor/assignee lender details
- Subject transaction data (usually deed of trust)

**Use cases**
- **Asset Valuation** - Loan Assignments data can be used to validate the current lender of a property loan. This can be particularly useful for investors and financial institutions looking to buy a loan portfolio, as they can verify the assignment of loans before making an investment.
- **Risk Analysis** - By understanding the history of loan assignments, financial institutions can better assess the risk profile of a property. Frequent assignments may indicate a higher risk profile, which can inform decision-making around loan approvals, pricing, and risk management strategies.
- **Customer Acquisition** - Mortgage lenders can use loan assignments data to identify potential customers who may be considering refinancing their loan. This information could provide an opportunity for lenders to reach out and offer their services.
- **Data Quality and Cleansing** - Loan assignments data can be used to improve the quality of existing loan data. For example, discrepancies between assignment data and existing loan data may indicate errors or outdated information that needs to be corrected.
- **Regulatory Reporting** - Financial institutions often need to report the assignment of loans to regulatory bodies. Accurate and up-to-date loan assignments data can assist in this process, helping to ensure compliance with regulatory requirements.
- **Market Analysis** - Loan Assignments data can provide valuable insights into trends in the mortgage market, particularly in terms of lender activity. This could be used by economists, policy makers, and market analysts to better understand and predict market trends.

**Product details**
- Datasets represented include ASSIGNMENTS_V1_VIEW.
- Sample fields include CLIP, FIPS_CODE, UNFORMATTED_APN, ASSIGNMENT_RECORDING_DATE, ASSIGNMENT_RECORDED_DOCUMENT_NUMBER, ASSIGNMENT_RECORDED_DOCUMENT_BOOK_NUMBER, ASSIGNMENT_RECORDED_DOCUMENT_PAGE_NUMBER and ASSIGNOR_LENDER_COMPANY_NAME.