Which document is provided to the borrower at least three days prior to closing?

The Closing Disclosure is the correct answer because it is a key document that borrowers must receive at least three business days prior to closing on a mortgage loan. This requirement is part of the TILA-RESPA Integrated Disclosure (TRID) rule, which aims to provide borrowers with clear and concise information regarding the terms of their loan, including the final costs associated with the mortgage. The three-day waiting period allows borrowers adequate time to review the document and ask questions about any discrepancies or terms that may not have been clear before closing.

The Closing Disclosure summarizes the loan terms, including the total loan amount, interest rate, monthly payments, and details about closing costs. This allows the borrower to confirm that what was agreed upon during the loan estimate phase remains consistent and allows them to make an informed decision.

The other options, while relevant documents in the lending process, do not have the same timing requirement. For instance, the Loan Estimate is sent shortly after the application but is not required three days before closing. A Pre-approval Letter is provided earlier in the process as a tool to help borrowers understand how much they can afford, but it does not serve the same purpose as the Closing Disclosure at the point of closing. An Amortization Schedule provides a breakdown of