What constitutes a mortgage loan application? How does the mortgage loan application work? What is an “application” that triggers an obligation to provide a Loan Estimate? What is the loan estimate? What are the rules and regulations on the loan estimate and how does the process work?

What is the loan estimate in the mortgage process? What is the closing disclosure? What is the difference between the loan estimate and closing disclosure? Can the loan estimate and closing disclosure be issued the same day? Does the closing disclosure mean the mortgage loan is approved? Should the closing disclosure closely mirror the loan estimate?

What is the Loan Estimate or LE. What information is the categories and data in the LOAN ESTIMATE?