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
