A Lender’s Policy is sometimes called a Loan Policy and it is issued only to lenders. Generally speaking, it follows the assignment of the loan, meaning that the policy benefits the owner and holder of the indebtedness if the loan is sold. For this reason, these policies greatly facilitate the sale of loans into the secondary market. That market is made up of high volume purchasers such as Fannie Mae and the Federal Home Loan Mortgage Corporation as well as private institutions.