Which of the following activities is acceptable for a loan originator under Utah mortgage law?

The choice indicating that acting as a home inspector and a loan originator on the same transaction is acceptable under Utah mortgage law is correct because the law allows loan originators to perform multiple roles in a transaction, provided they adhere to regulatory standards and ethical guidelines. Many loan originators might possess various licenses and qualifications that enable them to serve in different capacities, thereby facilitating a smoother and more integrated service for clients.

In certain scenarios, acting in dual roles can streamline communication and processes, as the loan originator may be more aware of the property specifics and financing needs.

The other choices present activities that are generally not permissible under the law. Providing legal advice would overstep the boundaries of a loan originator’s expertise and licensing, as such advice is reserved for licensed attorneys. Offering real estate services without a proper license violates state regulations requiring individuals to be licensed to practice real estate. Conducting appraisals independently could compromise the objectivity and independence required for an appraisal, leading to potential conflicts of interest, especially if the loan originator has financial ties to the transaction. Thus, the selection of serving as both a home inspector and loan originator is permissible under certain conditions, as it reflects the multifaceted roles that professionals can serve in the mortgage industry when