Which document is not required at closing?

The correct choice is that the loan estimate is not required at closing. The loan estimate is a document provided to borrowers within three business days of applying for a mortgage and outlines key details about the loan terms, projected payments, and closing costs. Its primary purpose is to help consumers understand and compare mortgage offers before they finalize a loan.

During the closing process, other documents take precedence. The closing disclosure is necessary as it provides the final details about the mortgage being issued, including the loan terms and costs associated with closing. The initial escrow statement is also required at closing; it details the funds being held in escrow for future payments like taxes and insurance. Additionally, the promissory note is essential as it is a legal document in which the borrower promises to repay the loan according to the agreed terms.

In summary, while the loan estimate is critical for understanding the financing terms before closing, it is not required at the actual closing itself, making it distinct from the other essential documents needed at that time.