Hawaii Mortgage Licensing
Mortgage Banker or Broker
Mortgage Loan Originator Company License
Physical In-State Office Required: Yes (must be staffed by a Licensed Loan Originator)
Qualifying Individual: Yes, must hold a Hawaii LO License
Minimum Net Worth: $ None
Surety Bond: None
Comments: HUD Foreign Lender Exemption no longer applies as of 1/1/2011. Must have physical presence in Hawaii with Hawaii resident holding a Hawaii LO License. Can be a residence.
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$100 – Foreign Entity Fee
$125 – Registered Agent Fee
$1,300 – Company License Fee
$520 – Branch License Fee (Hawaii Location)
$765 – LO License Fee for Hawaii Branch Manager if not already licensed
$69 – HI NMLS Test Fee for Hawaii Branch Manager if not already licensed
Mortgage Servicer
Mortgage Servicer License
Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ None
Surety Bond: None
License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$100 – Foreign Entity Fee
$125 – Registered Agent Fee
$1,300 – Company License Fee
Regulated by:
New Licensing Agency (Effective 1/1/2011):
Division of Financial Institutions
355 Merchant Street, Room 221
Honolulu, HI 96813
dfi-nmls@dcca.hawaii.gov | 808-586-2820
Old Licensing Agency:
Department of Commerce and Consumer Affairs
Att: MB
P.O. Box 3469
Honolulu, HI 96801
Telephone: 808-586-3000
Cecelia Suzuki | 808-586-269