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.

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.

A mortgage loan estimate is a standardized, three-page document from a lender containing details about a mortgage, including ...

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 ...