Which entity regulates mortgage loan originators who originate a line of credit secured by a residential Utah property?

The Department of Finance (DFI) is responsible for the regulation of mortgage loan originators in Utah, particularly those who originate lines of credit secured by residential properties. This department oversees financial institutions and lends a regulatory framework ensuring that mortgage lenders and originators adhere to state and federal laws. The DFI's role extends to ensuring proper licensing, compliance with consumer protection laws, and monitoring industry practices, which ultimately protects borrowers and maintains the integrity of the lending environment.

The other entities, while related to different aspects of real estate and finance, do not have the primary role in licensing and regulating mortgage loan originators in this specific context. The Division of Real Estate, for instance, focuses more on the licensing of real estate agents and brokers. The Nationwide Multistate Licensing System serves as an online platform for licensing mortgage loan originators across various states, which supports but does not independently regulate. The Department of Housing and Urban Development (HUD) primarily deals with broader housing policies and issues related to affordable housing, rather than the direct regulation of loan originators.