Why is Joe prohibited from assisting with Sam and Alex's loan application?

Joe is prohibited from assisting with Sam and Alex's loan application because he is not a licensed mortgage loan originator. In order to assist clients with mortgage applications or engage in activities that require a mortgage loan originator license, an individual must undergo specific training, pass relevant examinations, and obtain a state-issued license. This licensing requirement ensures that loan originators are knowledgeable about mortgage products, applicable laws, and the ethical standards of the industry, protecting consumers from potential misconduct or misinformation.

Without the necessary license, Joe lacks the legal authority to provide assistance in the loan application process, which is a critical aspect of safeguarding both the lender's and the borrower's interests.