Does anyone know about assignment recordings?

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LoanSafe Member
Aug 25, 2010
I'm wondering if anyone knows if an the lending bank (the guy that gives you the money) has to not only record a transfer to the servicer, but also has to record a transfer to the investor? Is it possible that the contract between the servicer and the investor defines the servicer's rights to foreclose even though the servicer doesn't hold the paper anymore????