Under Regulation X, the term "loan originator" refers to which of the following roles?

The term "loan originator" under Regulation X encompasses both mortgage brokers and lenders. This classification is crucial as it establishes who is involved in the origination of a loan and ensures compliance with various regulations designed to protect consumers. By recognizing both roles, Regulation X aims to provide clearer guidelines regarding disclosures, qualification standards, and other responsibilities associated with the lending process.

Mortgage brokers typically facilitate the loan origination process by connecting borrowers with lenders, while lenders are the entities that actually provide the funds for the loan. Emphasizing the inclusion of both mortgage brokers and lenders acknowledges the collaborative nature of the mortgage industry, where different professionals work together to bring a loan from application to funding. Understanding this classification helps ensure that all parties involved in origination meet the necessary regulatory requirements to safeguard consumer interests.