After completing a loan application with borrowers, what loan disclosure must you prepare and send them?

The correct answer is the Notice to home loan applicant. This disclosure is essential because it informs the applicants about the key terms and conditions of their loan, their rights as borrowers, and what they can expect during the loan process. It ensures transparency and helps the borrowers make informed decisions about their mortgage application, fostering trust between them and the lender.

Understanding the other options helps clarify why the Notice to home loan applicant is the appropriate choice. Credit authorization consent is primarily focused on obtaining permission to access the borrower’s credit history, which is critical but does not serve the same purpose as the comprehensive information provided in the Notice. A denial letter would only be issued if a loan application is rejected, which isn't applicable immediately after completing an application. Rapid rescore refers to a process used to quickly update a borrower's credit score for underwriting purposes and is not a loan disclosure provided to borrowers after they complete the application.