Is it true that the lender can change The Loan Estimate?

A Loan Estimate is a document that provides borrowers with important information about the terms and costs of a mortgage loan. Once it has been provided to the borrower, the lender generally cannot make changes to it unilaterally.

The purpose of the Loan Estimate is to ensure transparency and allow borrowers to make informed decisions by comparing offers from different lenders. Changes to the Loan Estimate can only occur under specific circumstances, such as if the borrower requests a change or if there are changes to the loan terms after the Loan Estimate has been issued.

Therefore, it is correct that lenders cannot simply change the Loan Estimate at will; they must adhere to established regulations regarding when they can revise the document. This regulation ensures the borrower is protected and can rely on the accuracy of the information presented in the Loan Estimate.