Final answer:
A lender’s document preparation fee appears on the Loan Estimate and Closing Disclosure documents under the 'Loan Costs' section during the mortgage closing process.
Step-by-step explanation:
If a lender charges a document preparation fee, it will appear on the Loan Estimate and the Closing Disclosure documents in the loan closing process for a mortgage.
These are standardized forms that were created as part of the TILA-RESPA Integrated Disclosure rule by the Consumer Financial Protection Bureau to ensure that borrowers understand the terms of their loans and the associated costs.
The document preparation fee is typically listed under the 'Loan Costs' section, which includes origination charges, services you cannot shop for, and services you can shop for, on both the Loan Estimate and the Closing Disclosure.