In Utah, mortgage loan originators must solicit and conduct business solely in the name of which entity?

• A. The licensee
• B. The lender
• C. The sponsoring entity
• D. The broker

Answer: (C)

In Utah, mortgage loan originators must conduct all solicitation and business under the sponsoring entity. This means the company that sponsors the MLO’s license is the name customers should see in advertisements and when they contact the originator. The sponsoring entity is the one responsible for the MLO’s compliance and for the licensing, so it provides accountability and a clear point of reference for regulatory oversight. The MLO’s personal name, the lender’s name, or a broker’s name alone isn’t what must be used in marketing and outreach; the sponsoring entity’s name is the one that must be used. This helps ensure consumers know exactly who is backing the loan process and who is legally responsible.