assignment recording fee
Often, a lender will transfer a loan to a loan servicer after closing. This person or entity handles collecting the loan on a monthly basis. The assignment fee covers the recording costs involved with this transfer, as charged by the local recording office.
Get a Free Quote
The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
assignment
Noun: assignment, duty assignment (a duty that you are assigned to perform (especially in the armed forces)) "hazardous duty"
Noun: assignment (the instrument by which a claim or right or interest or property is transferred from one person to another)
Noun: assignment, assigning (the act of distributing something to designated places or persons) "the first task is the assignment of an address to each datum"
Noun: grant, assignment ((law) a transfer of property by deed of conveyance)
Noun: assignment (an undertaking that you have been assigned to do (as by an instructor))
Noun: appointment, assignment, designation, naming (the act of putting a person into a non-elective position) "the appointment had to be approved by the whole committee"
recording
Noun: recording (signal encoding something (e.g., picture or sound) that has been recorded)
Noun: recording, transcription (the act of making a record (especially an audio record)) "she watched the recording from a sound-proof booth"
Noun: recording (a storage device on which information (sounds or images) have been recorded)
Verb: record, enter, put down (make a record of; set down in permanent form)
Verb: record, tape (register electronically) "They recorded her singing"
Verb: read, register, show, record (indicate a certain reading; of gauges and instruments) "The thermometer showed thirteen degrees below zero"; "The gauge read `empty'"
Verb: record, register (be aware of) "Did you register any change when I pressed the button?"
Verb: commemorate, memorialize, memorialise, immortalize, immortalise, record (be or provide a memorial to a person or an event) "This sculpture commemorates the victims of the concentration camps"; "We memorialized the Dead"
fee
Noun: fee (a fixed charge for a privilege or for professional services)
Noun: fee (an interest in land capable of being inherited)
Verb: tip, fee, bung (give a tip or gratuity to in return for a service, beyond the compensation agreed on) "Remember to tip the waiter"; "fee the steward"
- assignment recording fee -
Get a Free Quote
Return to Mortgage Glossary
A-C |
D-G |
H-N |
O-S |
T-Z
