Disclaimers

Information, not advice

Mortgage Lens reports are informational. They are not legal, financial, tax, or investment advice. Reports do not constitute an offer to lend, a commitment to lend, or a binding rate quote. Decisions about your mortgage should be made with consideration of your full financial situation and, where appropriate, a licensed professional.

Not your broker, advisor, or attorney

Mortgage Lens is not a licensed mortgage broker, mortgage loan originator, loan officer, or mortgage advisor in any state. We do not facilitate, originate, broker, or negotiate mortgage transactions. We do not contact lenders or financial institutions on your behalf, do not communicate with parties to your transaction, and do not participate in your loan transaction in any way.

Use of Mortgage Lens does not create a fiduciary, attorney-client, financial-advisor, or broker-client relationship. We are a software product that analyzes documents you provide and provides educational, analytical output. We are not licensed to give individualized advice in any jurisdiction.

For individualized advice on a specific mortgage transaction, consult a HUD-approved housing counselor (free; find one at consumerfinance.gov/find-a-housing-counselor), a licensed mortgage broker in your state, or a real estate attorney.

Where we operate

Mortgage Lens analyzes documents under federal disclosure rules (TRID / Regulation Z) that apply to most owner-occupied mortgage transactions in the United States. State-specific fee patterns (e.g. New York's split mortgage recording tax, Texas's absence of a state transfer tax) are handled where we've built coverage. We do not currently analyze loans secured by property outside the United States, commercial mortgages, HELOCs, construction loans, or reverse mortgages. When a document of one of those types is uploaded, the analyzer refuses cleanly and you receive a full refund.

How cure liability is calculated

When our Closing Disclosure Audit reports a “cure liability” dollar figure, that number is the sum of material zero-tolerance fee increases between the Loan Estimate and the Closing Disclosure, excluding any increases under a de-minimis threshold (currently $5). Cure liability is what the lender would owe you under TRID if the increases hold up as violations. It is not a guarantee of recovery. Actual recovery depends on whether the lender can document a valid changed circumstance, your willingness to pursue the claim, and your jurisdiction's enforcement practice.

Your post-close cure right (TILA Section 130)

The Truth in Lending Act (15 U.S.C. § 1640) gives borrowers up to 60 calendar days from the closing date to demand a refund for tolerance violations identified on the Closing Disclosure. If our CD Audit identifies a violation on a purchase closing we typically recommend you raise it at the closing table, sign, and then send a written demand to the lender. Holding up a closing over a small cure when you have post-close recourse can cost more (lost earnest money, expired rate lock) than the violation itself. Refinance closings have no comparable time pressure; for refis we typically recommend holding the close until the lender resolves.

What to do if a lender retaliates

A lender cannot legally penalize you for using a third-party analysis of your own disclosure documents. If a lender threatens to withdraw your loan, increase your rate, or otherwise retaliate after you raise items from a Mortgage Lens report:

Get the threat in writing if possible (email is preferable to phone).
File a complaint with the Consumer Financial Protection Bureau at consumerfinance.gov/complaint. CFPB routes complaints to the lender for a 15-day response and tracks them publicly.
Contact a HUD-approved housing counselor (free) at hud.gov/findacounselor. They can advise on retaliation specifically.
For a formal dispute, consult a real estate attorney licensed in your state. We are not your attorney and cannot represent you in a TRID dispute.

Market data

Current market rates are sourced from public data (Freddie Mac PMMS via FRED). They are weekly survey averages and do not represent rates available to you specifically. Your actual rate depends on your credit, your lender, your loan structure, and conditions at the moment you lock.

Calculations

All calculations are performed in code and shown to you transparently in every report. Calculations are based on standard amortization formulas with reasonable default assumptions for taxes, insurance, and PMI where applicable. Your specific lender may use different assumptions; their numbers will differ from ours by some margin. Always verify against your specific Loan Estimate before signing.

Document parsing accuracy

We target >95% accuracy on critical Loan Estimate fields. If parser confidence falls below 0.85, the pipeline refuses to produce a confident report and refunds automatically. We would rather give you no report than a confidently-wrong one. Any analysis is only as accurate as the inputs. If your uploaded document is a scan or photo, parse confidence will be lower than for an original lender-issued PDF.

TRID and closing-disclosure analysis

TRID rules are nuanced. Our CD Audit module classifies diffs against publicly documented TRID conventions (zero-tolerance, 10% bucket, unlimited, and category-transition rules). We are not your real estate attorney. If you suspect a TRID violation, ask your lender for a written explanation and consider consulting a licensed real estate attorney before formal dispute.

Forward-looking statements

Any reference to future market rates, future PMI removal timing, or future refi opportunities is forward-looking and inherently uncertain. We compute scenarios; we cannot predict markets.

Refunds

See Terms of Service.