What Is a Loan Estimate? Formerly known as a “Good Faith Estimate,” this form was updated in 2015 to be more useful and easy to read.

The two new forms – the “ Loan Estimate ” and the “ Closing Disclosure ” – are the result of 18 months of research and consumer testing by the CFPB.

This was originally called a good-faith estimate (GFE), but the “Loan Estimate” was created by the Consumer Financial Protection Bureau (CFPB) in 2015 to differentiate it from the Good Faith ...

Notable players such as NEXA Mortgage (2,854 sponsored loan officers), Loan Factory (1,457), Edge Home Finance Corp. (1,144), and C2 Financial Corp. (1,075) each had 1,000 loan officers as of late ...

Generally, after issuing a Loan Estimate form to a consumer, a creditor cannot increase: (1) the creditor’s or mortgage broker’s charges for its services; (2) charges for services provided by ...