recorder's office

Mortgage Loans

A mortgage loan document in California and many other states is called a deed of trust. It lists the name of the borrower (the “trustor”), the name of the lender (the “beneficiary”), the amount of the loan, the date of the loan, and the address or assessor's parcel number of the property being put up as collateral for the loan.

In some cases, such as loans with variable interest rates, the terms of the loan also will be listed, such as the interest rate and due date on the loan.

You will also see a notation for a “trustee” on the deed of trust. This is usually a bank department or title company that simply acts as an intermediary on the loan transaction to protect the interests of the borrower and lender. The trustee is not making or receiving the loan, and the particular trustee used in a transaction is almost always inconsequential.