What financial information is NOT required to be listed on the Loan Estimate?

The information related to the name of the entity that will service the loan is not required to be listed on the Loan Estimate. The Loan Estimate is a form designed to help borrowers better understand the important details of their mortgage loan, providing them with essential information such as the estimated monthly payment, the annual percentage rate (APR), and the total finance charges.

The purpose of including the APR, total finance charges, and loan amount in the Loan Estimate is to give borrowers a clearer picture of the cost of the loan and what they will actually be paying over time. Including the servicer's name is not necessary at this stage of the mortgage process, as the focus is primarily on the terms of the loan itself rather than the servicing aspects, which can often be handled by a different entity. This distinction is important for maintaining clarity and ensuring that borrowers receive the most relevant information upfront.