(1) "Origination of a mortgage loan" as used in 32-9-103(26)(b), MCA, does not include credit underwriting activities as long as the credit underwriter does not communicate directly with the borrower about specific credit terms. Credit underwriting activities include the analysis done by a mortgage underwriter to determine whether:

(a) credit should be extended to a borrower;

(b) a loan meets the requirements for funding; or

(c) a loan meets the criteria to be sold on the secondary market.