The Secondary Market Short Form (SMSF) Residential Loan Policy One-to-Four Family™ is a proprietary Stewart product that was designed to reduce cost and processing time for lenders originating loans for the secondary market. The policy insures the validity and priority of the mortgage lien as well as insuring compliance with the guidelines of Fannie Mae, Freddie Mac and Ginnie Mae in existence at the time of origination. Fannie Mae, Freddie Mac and Ginnie Mae have noted that the Secondary Market Short Form Policy meets the requirements for title insurance as set forth in the Single Family Seller/Servicer Guide.

SMSF Policy, Commitment to Insure /Final Policy

Stewart Lender Services, through its National Title & Settlement group, will provide the Secondary Market Short Form Residential Loan Policy One-to-Four Family™ where applicable, according to the qualifying criteria for policy issuance and the availability per State approved rates and/or forms. If the loan application does not meet the issuing guidelines for the Secondary Market Policy, an ALTA policy will be issued in its place insuring the new loan transaction with the applicable Seller/Servicer prescribed coverage and priced at the applicable loan rate for that policy.

Contact Stewart Lender Services to learn more about our title products and how they will benefit your company.