In responding to a Loan Estimate, what must lenders ensure?

The correct choice emphasizes the importance of maintaining consistency between the Loan Estimate and the Closing Disclosure. This consistency is crucial because both documents are part of the federally mandated disclosures that provide transparency and clarity to borrowers during the mortgage process.

The Loan Estimate provides an estimate of the costs a borrower can expect when obtaining a mortgage, including interest rates, monthly payments, and closing costs. On the other hand, the Closing Disclosure provides the final details of the loan, including the actual costs of the mortgage, which must be aligned with the estimates given earlier. Ensuring that these two disclosures are consistent helps to prevent confusion and protects consumers by allowing them to accurately compare what they were initially offered versus what they will actually be paying at closing.

Maintaining this consistency is not only a good practice but also a regulatory requirement, helping lenders avoid potential compliance violations and ensuring that borrowers fully understand their loan terms.