<PAGE>   1
                                                                   EXHIBIT 10.1


                               SMT SERIES 2000-4

                     Certificateholder Distribution Summary

<TABLE>
<CAPTION>
                      Certificate  Certificate     Beginning
                         Class     Pass-Through   Certificate        Interest
 Class      CUSIP     Description      Rate         Balance        Distribution
--------------------------------------------------------------------------------
<S>       <C>         <C>          <C>           <C>              <C>
  A       81743TAA6      SEQ         6.98000%    338,134,046.43   1,966,813.04
  B       SMT00004B      SUB         7.87000%      3,809,289.81      24,982.59
  C       SMT00004C      IO          0.00000%              0.00     270,095.02
 R-UT     SMT00004R      RES         0.00000%              0.00           0.00
 R-LT     SMT0004RL      RES         0.00000%              0.00           0.00
--------------------------------------------------------------------------------
 Totals                                          341,943,336.24   2,261,890.65
--------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
                          Current      Ending                         Cumulative
            Principal     Realized   Certificate         Total         Realized
  Class   Distribution     Loss       Balance        Distribution      Losses
--------------------------------------------------------------------------------
 <S>       <C>            <C>        <C>              <C>             <C>
   A       8,563,125.76     0.00     329,570,920.67   10,529,938.80      0.00
   B               0.00     0.00       3,809,289.81       24,982.59      0.00
   C               0.00     0.00               0.00      270,095.02      0.00
  R-UT             0.00     0.00               0.00            0.00      0.00
  R-LT             0.00     0.00               0.00            0.00      0.00
--------------------------------------------------------------------------------
 Totals    8,563,125.76     0.00     333,380,210.48   10,825,016.41      0.00
--------------------------------------------------------------------------------
</TABLE>

All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.



                                     Page 1
<PAGE>   2
                               SMT SERIES 2000-4

                    Principal Distribution Statement

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
           Original         Beginning           Scheduled             Unscheduled
             Face           Certificate         Principal              Principal                      Realized
Class       Amount           Balance            Distribution          Distribution  Accretion          Loss(1)
---------------------------------------------------------------------------------------------------------------
<S>       <C>               <C>                 <C>                   <C>           <C>                <C>
   A      377,119,000.00    338,134,046.43                0.00        8,563,125.76        0.00             0.00
   B        3,809,982.43      3,809,289.81                0.00                0.00        0.00             0.00
   C                0.00              0.00                0.00                0.00        0.00             0.00
 R-UT               0.00              0.00                0.00                0.00        0.00             0.00
 R-LT               0.00              0.00                0.00                0.00        0.00             0.00
---------------------------------------------------------------------------------------------------------------
 Totals   380,928,982.43    341,943,336.24                0.00        8,563,125.76        0.00             0.00
---------------------------------------------------------------------------------------------------------------


---------------------------------------------------------------------------------------------------------------
                          Total                  Ending                  Ending                      Total
                       Principal              Certificate              Certificate                 Principal
Class                  Reduction                Balance                 Percentage                Distribution
---------------------------------------------------------------------------------------------------------------
<S>                  <C>                    <C>                       <C>                        <C>
   A                 8,563,125.76           329,570,920.67            0.87391757                8,563,125.76
   B                         0.00             3,809,289.81            0.99981821                        0.00
   C                         0.00                     0.00            0.00000000                        0.00
 R-UT                        0.00                     0.00            0.00000000                        0.00
 R-LT                        0.00                     0.00            0.00000000                        0.00
---------------------------------------------------------------------------------------------------------------
Totals               8,563,125.76           333,380,210.48            0.87517681                8,563,125.76
---------------------------------------------------------------------------------------------------------------
</TABLE>

(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
    Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for
    a Full Description.

                                     Page 2
<PAGE>   3
                               SMT SERIES 2000-4

                    Principal Distribution Factors Statement

<TABLE>
<CAPTION>
           Original           Beginning            Scheduled           Unscheduled
             Face             Certificate          Principal            Principal                        Realized
Class(2)    Amount              Balance           Distribution        Distribution        Accretion      Loss(3)
-------------------------------------------------------------------------------------------------------------------
<S>       <C>                 <C>                 <C>                 <C>                 <C>            <C>
   A      377,119,000.00      896.62426563        0.00000000          22,70669407         0.00000000     0.00000000
   B        3,809,982.43      999.81820914        0.00000000           0.00000000         0.00000000     0.00000000
   C                0.00        0.00000000        0.00000000           0.00000000         0.00000000     0.00000000
 R-UT               0.00        0.00000000        0.00000000           0.00000000         0.00000000     0.00000000
 R-LT               0.00        0.00000000        0.00000000           0.00000000         0.00000000     0.00000000
</TABLE>

<TABLE>
<CAPTION>
            Total              Linding             Ending               Total
          Principal          Certificate         Certificate          Principal
Class(2)  Reduction            Balance           Percentage          Distribution
---------------------------------------------------------------------------------
<S>      <C>                  <C>                <C>                 <C>
  A       22.70669407         873.91757156        0.87391767          22.70669407
  B        0.00000000         999.81820914        0.99981821           0.00000000
  C        0.00000000           0.00000000        0.00000000           0.00000000
 R-UT      0.00000000           0.00000000        0.00000000           0.00000000
 R-LT      0.00000000           0.00000000        0.00000000           0.00000000
</TABLE>
(2) Per $1,000 Denomination.
(3) Amount Does Not Include Excess Special Bankruptcy, or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
    Description.


                                     Page 3
<PAGE>   4
                               SMT SERIES 2000-4

                        Interest Distribution Statement


<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                              Beginning
             Original           Current      Certificate/         Current         Payment of     Current     Non-Supported
               Face           Certificate      Notional           Accrued           Unpaid       Interest      Interest     Realized
Class         Amount             Rate          Balance           Interest          Interest     Shortfall     Shortfall     Loss(4)
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>                <C>           <C>                <C>               <C>           <C>           <C>           <C>
    A       377,119,000.00     6.98000%      338,134,046.43     1,966,813.04         0.00           0.00         0.00          0.00
    B         3,809,982.43     7.87000%        3,809,289.81        24,982.59         0.00           0.00         0.00          0.00
    C                 0.00     0.00000%                0.00             0.00         0.00           0.00         0.00          0.00
  R-UT                0.00     0.00000%                0.00             0.00         0.00           0.00         0.00          0.00
  R-LT                0.00     0.00000%                0.00             0.00         0.00           0.00         0.00          0.00
------------------------------------------------------------------------------------------------------------------------------------
Totals      380,928,982.43                                      1,991,795.63         0.00           0.00         0.00          0.00
------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------
                                Remaining          Ending
                Total             Unpaid         Certificate/
               Interest          Interest          Notional
 Class       Distribution        Shortfall         Balance
--------------------------------------------------------------
<S>          <C>                <C>            <C>
    A        1,966,813.04           0.00       329,570,920.67
    B           24,982.59           0.00         3,809,289.81
    C          270,095.02           0.00                 0.00
  R-UT               0.00           0.00                 0.00
  R-LT               0.00           0.00                 0.00
--------------------------------------------------------------
Totals       2,261,890.65           0.00
--------------------------------------------------------------
</TABLE>

(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
    Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a
    Full Description.


                                     Page 4
<PAGE>   5

                               SMT SERIES 2000-4

                    Interest Distribution Factors Statement

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                            Beginning                     Payment of
               Original       Current     Certificate/       Current        Unpaid         Current     Non-Supported
                 Face       Certificate     Notional         Accrued       Interest       Interest       Interest       Realized
Class(5)        Amount         Amount        Balance        Interest       Shortfall      Shortfall     Shortfall        Loss(6)
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>               <C>          <C>              <C>           <C>             <C>          <C>              <C>
  A         377,119,000.00    6.98000%     896.62426563     5.21536449     0.00000000     0.00000000     0.00000000     0.00000000
  B           3,809,982.43    7.87000%     999.81820914     6.55714047     0.00000000     0.00000000     0.00000000     0.00000000
  C                   0.00    0.00000%       0.00000000     0.00000000     0.00000000     0.00000000     0.00000000     0.00000000
R-UT                  0.00    0.00000%       0.00000000     0.00000000     0.00000000     0.00000000     0.00000000     0.00000000
R-LT                  0.00    0.00000%       0.00000000     0.00000000     0.00000000     0.00000000     0.00000000     0.00000000
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
-----------------------------------------------------------
                              Remaining        Ending
                Total          Unpaid        Certificate/
              Interest        Interest        Notional
Class(5)    Distribution      Shortfall        Balance
-----------------------------------------------------------
<S>         <C>              <C>            <C>
  A         5.21536449       0.00000000     873.91757156
  B         6.55711047       0.00000000     999.81820914
  C         0.00000000       0.00000000       0.00000000
R-UT        0.00000000       0.00000000       0.00000000
R-LT        0.00000000       0.00000000       0.00000000
-----------------------------------------------------------
</TABLE>

(5)  Per $1,000 Denomination.

(6)  Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
     Losses Unless Otherwise Disclosed. Please Refer the Prospectus Supplement
     for a Full Description.

                                     Page 5
<PAGE>   6
                               SMT SERIES 2000-4

                      Certificateholder Account Statement

<TABLE>
-----------------------------------------------------------------------------

                              CERTIFICATE ACCOUNT
<S>                                                            <C>
Beginning Balance                                                        0.00

Deposits
   Payments of Interest and Principal                           10,908,837.89
   Liquidations, Insurance Proceeds, Reserve Funds                      52.17
   Proceeds from Repurchased Loans                                       0.00
   Other Amounts (Servicer Advances)                                24,088.56
   Realized Losses                                                       0.00
                                                               --------------
Total Deposits                                                  10,932,978.62

Withdrawals
   Reimbursement for Servicer Advances                                   0.00
   Payment of Service Fee                                          107,962.21
   Payment of Interest and Principal                            10,825,016.41
                                                               --------------
Total Withdrawals (Pool Distribution Amount)                    10,932,978.41

Ending Balance                                                           0.00
                                                               ==============
-----------------------------------------------------------------------------


-----------------------------------------------------------------------------

                   PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

Total Prepayment/Curtailment Interest Shortfall                          0.00
Servicing Fee Support                                                    0.00
                                                               --------------
Non-Supported Prepayment/Curtailment Interest Shortfall                  0.00
                                                               ==============
-----------------------------------------------------------------------------


-----------------------------------------------------------------------------

                                 SERVICING FEES
Gross Servicing Fee                                                106,252.50
Trustee Fee                                                          1,709.72
AMBAC Premium                                                       35,222.30
Supported Prepayment/Curtailment Interest Shortfall                      0.00
                                                               --------------
Net Servicing Fee                                                  143,184.52
                                                               ==============
-----------------------------------------------------------------------------
</TABLE>


<TABLE>
------------------------------------------------------------------------------
                                 OTHER ACCOUNTS

                            Beginning         Current     Current       Ending
Account Type                  Balance     Withdrawals    Deposits      Balance
------------------------------------------------------------------------------
<S>                         <C>           <C>            <C>         <C>
Reserve Fund                10,000.00           52.17       52.17    10,000.00
Financial Guaranty               0.00            0.00        0.00         0.00
------------------------------------------------------------------------------
</TABLE>


                                     Page 6

<PAGE>   7
                               SMT SERIES 2000-4

            Loan Status Stratification/Credit Enhancement Statement

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
             DELINQUENT                                  BANKRUPTCY                               FORECLOSURE
-------------------------------------------------------------------------------------------------------------------------
               NO. OF       PRINCIPAL                      NO. OF       PRINCIPAL                    NO. OF     PRINCIPAL
               LOANS         BALANCE                        LOANS        BALANCE                      LOANS      BALANCE
<S>          <C>          <C>               <C>           <C>            <C>           <C>          <C>          <C>
                                            0-29 Days             0          0.00      0-29 Days           0         0.00
30 Days             10    2,419,956.55      30 Days               0          0.00      30 Days             0         0.00
60 Days              1      212,115.59      60 Days               0          0.00      60 Days             0         0.00
90 Days              0            0.00      90 Days               0          0.00      90 Days             0         0.00
120 Days             0            0.00      120 Days              0          0.00      120 Days            0         0.00
150 Days             0            0.00      150 Days              0          0.00      150 Days            0         0.00
180+ Days            0      839,975.00      180+ Days             0          0.00      180+ Days           0         0.00
             ---------    ------------                    ---------     ---------                  ---------    ---------
                    12    3,472,047.14                            0          0.00                          0         0.00
</TABLE>

<TABLE>
<CAPTION>
               NO. OF       PRINCIPAL                      NO. OF       PRINCIPAL                    NO. OF     PRINCIPAL
               LOANS         BALANCE                        LOANS        BALANCE                      LOANS      BALANCE
<S>          <C>          <C>               <C>           <C>           <C>            <C>         <C>         <C>
                                            0-29 Days     0.000000%     0.000000%      0-29 Days   0.000000%    0.000000%
30 Days      1.236094%       0.725885%      30 Days       0.000000%     0.000000%      30 Days     0.000000%    0.000000%
60 Days      0.123609%       0.063626%      60 Days       0.000000%     0.000000%      60 Days     0.000000%    0.000000%
90 Days      0.000000%       0.000000%      90 Days       0.000000%     0.000000%      90 Days     0.000000%    0.000000%
120 Days     0.000000%       0.000000%      120 Days      0.000000%     0.000000%      120 Days    0.000000%    0.000000%
150 Days     0.000000%       0.000000%      150 Days      0.000000%     0.000000%      150 Days    0.000000%    0.000000%
180+ Days    0.123609%       0.251957%      180+ Days     0.000000%     0.000000%      180+ Days   0.000000%    0.000000%
             ---------    ------------                    ---------     ---------                  ---------    ---------
             1.483313%       1.041468%                    0.000000%     0.000000%                  0.000000%    0.000000%
-------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
---------------------------------------------------------------------------------
                 REO                                     TOTAL
---------------------------------------------------------------------------------
               NO. OF       PRINCIPAL                    NO. OF        PRINCIPAL
                LOANS        BALANCE                      LOANS         BALANCE
<C>           <C>            <C>           <C>          <C>          <C>
0-29 Days             0          0.00      0-29 Days           0             0.00
30 Days               0          0.00      30 Days            10     2,419,956.55
60 Days               0          0.00      60 Days             1       212,115.59
90 Days               0          0.00      90 Days             0             0.00
120 Days              0          0.00      120 Days            0             0.00
150 Days              0          0.00      150 Days            0             0.00
180+ Days             0          0.00      180+ Days           1       839,975.00
              ---------     ---------                  ---------     ------------
                      0          0.00                         12     3,472,047.14
</TABLE>

<TABLE>
<CAPTION>

               NO. OF       PRINCIPAL                    NO. OF        PRINCIPAL
                LOANS        BALANCE                      LOANS         BALANCE
<C>           <C>           <C>            <C>         <C>           <C>
0-29 Days     0.000000%     0.000000%      0-29 Days   0.000000%        0.000000%
30 Days       0.000000%     0.000000%      30 Days     1.236094%        0.725885%
60 Days       0.000000%     0.000000%      60 Days     0.123609%        0.063626%
90 Days       0.000000%     0.000000%      90 Days     0.000000%        0.000000%
120 Days      0.000000%     0.000000%      120 Days    0.000000%        0.000000%
150 Days      0.000000%     0.000000%      150 Days    0.000000%        0.000000%
180+ Days     0.000000%     0.000000%      180+ Days   0.123609%        0.251957%
              ---------     ---------                  ---------     ------------
              0.000000%     0.000000%                  1.483313%        1.041468%
---------------------------------------------------------------------------------

(7) DELINQUENCIES ARE STRATIFIED ACCORDING TO THE INFORMATION THE SERVICER HAS PROVIDED.

    Current Period Realized Loss - Includes Interest Shortfall   0.00       Principal Balance of Contaminated Properties        0.00
    Cumulative Realized Losses - Includes Interest Shortfall     0.00       Periodic Advance                               24,088.56
    Current Period Class A Insufficient Funds                    0.00
</TABLE>

<TABLE>
------------------------------------------------------------------------------------------------------------------------------------

SUBORDINATION LEVEL CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
<CAPTION>
                                                                                                             Next
                        Original $      Original %      Current $      Current %     Current Class %     Prepayment %
                       ------------    -----------    ------------    -----------    ---------------    --------------
          <S>          <C>             <C>            <C>             <C>               <C>             <C>
          Class A      3,809,982.43    1.00018182%    3,809,289.81    1.14262625%       98.857374%        0.000000%
          Class B              0.00    0.00000000%            0.00    0.00000000%        1.142626%      100.000000%
          Class C              0.00    0.00000000%            0.00    0.00000000%        0.000000%        0.000000%

Please Refer to Prospectus Supplement for a Full Description of Loss Exposure
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   8
                               SMT SERIES 2000-4

                              COLLATERAL STATEMENT

<TABLE>
<CAPTION>
COLLATERAL DESCRIPTION                                                         MIXED ARM
<S>                                                                          <C>
Weighted Average Gross Coupon                                                      8.440076%
Weighted Average Net Coupon                                                        8.061198%
Weighted Average Pass-Through Rate                                                 0.000000%
Weighted Average Maturity (Stepdown Calculation)                                        280

Beginning Scheduled Collateral Loan Count                                               826
Number of Loans Paid in Full                                                             17
Ending Scheduled Collateral Loan Count                                                  809

Beginning Scheduled Collateral Balance                                       341,943,336.25
Ending Scheduled Collateral Balance                                          333,380,210.48
Ending Actual Collateral Balance at 31-Oct-2000                              333,380,210.44
Monthly P&I Constant                                                           2,404,882.93
Class A Optimal Amount                                                        10,565,161.09
Ending Scheduled Balance for Premium Loans                                   333,380,210.48
Required Overcollateralized Amount                                                     0.00
Overcollateralized Increase Amount                                                     0.00
Overcollateralized Reduction Amount                                                    0.00
Specified O/C Amount                                                           3,809,289.82
Overcollateralized Amount                                                      3,809,289.81
Overcollateralized Deficiency Amount                                                   0.00
Base Overcollateralization Amount                                                      0.00

Serious Delinquencies                                                               0.00517
Floor Amount                                                                   2,856,967.37
Excess Cash Flow Principal Amount (Current/Cumulative)                          0.00 / 0.00
Required Payment                                                                       0.00
Preference Amount                                                                      0.00
Alternate Certificate Rate Used?                                                         NO
Specified OC                                                                   3,809,289.82
</TABLE>



                                     Page 9