The Allonge (end of the Promissory Note), Assignment of Collateral Agreements (separate document at the end of the package), and Assignment of Mortgage are template documents that can be executed at the time of recording or post-closing. These documents can be “Left Blank” and executed, as stated previously, post-closing per Lender requirements or the Lender can put the Assignee name into the software and the templates will populate the Assignee information automatically.
You will have the option to select "Record Concurrently?" for the Mortgage Assignment document:
or
Do note that by doing the assignment concurrently (checked box for Record Concurrently?) the system will understand that is part of the closing package at closing of the loan and it will include such references as a closing document on the Lender Closing Instructions and the Assignment document (if ordered).
1. Lender Closing Instructions:
2. Assignment of Security Instrument:
