In Utah, what is considered the business of making or originating a mortgage loan with the expectation of compensation?

The correct answer is the business of residential mortgage loans because this term specifically refers to the activities involved in originating mortgage loans for individuals purchasing homes. This process includes evaluating borrower qualifications, processing applications, and ultimately funding loans with the expectation of earning a fee or interest as compensation.

In the context of Utah law, the business of residential mortgage loans encompasses a range of activities focused on both the provision of loans and the related services that support mortgage transactions for residential properties, thus classifying it distinctly from other activities like commercial banking, real estate brokerage, or real estate investment, which do not primarily focus on originating mortgage loans with the intention of making a profit in this manner.