Which of the following is NOT considered a mortgage loan originator?

A loan officer handling timeshare extensions is not considered a mortgage loan originator because the role specifically pertains to the origination of traditional mortgage loans for purchasing or refinancing residential properties. Mortgage loan originators are typically individuals who work with consumers to help them secure financing for home purchases or mortgage refinancing. This includes roles that involve soliciting, processing, and negotiating terms for mortgage loans specifically.

In contrast, timeshare sales involve different aspects of real estate and financing that are distinct from traditional mortgage lending. Therefore, while a loan officer may be involved in real estate financing, their focus on timeshare extensions does not classify them under the regulations governing mortgage loan originators.

Understanding this distinction is crucial, as it allows individuals in the industry to recognize the specific roles that require licensing and adherence to the New Jersey Residential Mortgage Lending Act, further ensuring compliance with the laws governing residential mortgage lending.