Is there a tool to check if your Loan Estimate is good?
Yes. Tools that read a mortgage Loan Estimate now exist, and LoanInspection is one of them. That makes this page a review of our own category, so it holds every tool, ours included, to the same tests. Bring these tests to anything you consider uploading your loan details to.
What a real check needs
A Loan Estimate check is only as good as the measuring stick behind it. A real one needs three things. A standardized document to read: the Loan Estimate qualifies, because every lender must use the same form. A public benchmark to measure against: what lenders actually charged and locked on comparable loans, which exists in the federal HMDA record and the daily rate lock indices. And a stated method: which numbers are graded, against what pool of loans, from which data year. If a tool does not name its data, you are reading opinion with an interface.
One honest limit comes from the data itself. The public record reports lender charges as one Section A total per loan, not fee by fee. A check grounded in that record grades the total. A check quoting a fair price for each individual fee is drawing on something other than the public record.
Three questions to ask any tool
- Who pays them? If a lender or an advertiser pays, the read serves two masters. If you pay, it serves one.
- What happens to your file? A document with your name, address, and loan figures should have a stated retention answer, not a shrug.
- What happens to your contact details? If the answer involves the word lead, your phone is about to ring.
Our answers, on the record. Nobody pays us but you, and we never sell data or leads. Your uploaded file is deleted once your report is delivered. Your report stays open at its link for 7 days, and the PDF is yours to keep. There is no account to create, and the inspection is $29, once.
What no tool can do
No tool knows your full situation. A reading of your document against the public record is education about where your numbers sit, not advice about what to do, and not a quote or an offer of any kind. Questions about available loan options, rates or fees belong with a licensed mortgage professional. And no tool can guarantee savings; what the data supports is showing where your numbers sit.
The people who can also do this
Software is one reader among several. A HUD housing counselor, an attorney, a financially fluent friend, or a competing loan officer can each read a Loan Estimate and tell you different things. We compare all five options in Who can review your Loan Estimate?
What the inspection reads
Ours, stated factually: the AI reads every line of your Loan Estimate, explains what each fee is and what it pays for, and grades your Section A total and your rate against the public record for loans like yours: same program, purpose, and loan size, from 2024 HMDA data, with your rate checked against the daily index of rates lenders actually locked, for the day your rate was locked. The methodology is published before you pay: Read the methodology
Common questions
Is there a tool to check a Loan Estimate?
Yes. Independent review tools now read Loan Estimates, LoanInspection among them. Judge any of them by whether they name their data sources, state their method, and answer the three questions above.
Is it safe to upload my Loan Estimate to a checking tool?
It depends on the tool's answers to three questions: who pays them, what happens to your file, and what happens to your contact details. Our answers: you pay, the file is deleted once your report is delivered, and we never sell data or leads.
What should a Loan Estimate check actually measure?
The Section A total and the rate, against named public data for comparable loans. The public record reports lender charges as one total per loan, so that is what an evidence based check can grade.
What does LoanInspection's check cost?
$29, once. No account, no subscription. Your file is deleted once your report is delivered, and the PDF is yours to keep.
This page answers the general question. What it cannot answer is where your numbers sit. The AI reads your Loan Estimate line by line and grades your Section A total and your rate against this same public data, priced for your credit, your down payment, and your loan type. One upload, one $29 report, and your document is deleted once it is delivered.