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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.Become A Mortgage Broker In Hawaii
In Hawaii, the Department of Commerce & Consumer Affairs
(DCCA), through the Professional and Vocational
Licensing Division, ensures regulatory compliance of the laws and regulations
pertaining to becoming a Mortgage Solicitor or Broker in Hawaii. Offices for
both departments are located in Honolulu.
Applicants who desire to become a Mortgage
Solicitor in Hawaii must be 18 years of age or older, pay the required fees and work
under the direct supervision of a licensed broker.
Applicants who desire to become a Mortgage
Broker in Hawaii must be 18 years of age or older, pay the required fees, and post a
continuous Surety Bond of $15,000 issued by a surety company licensed to do business in
Hawaii. Applicants need to exhibit experience, financial integrity and competency
with financial transactions. This includes two years of experience with financial
transactions dealing with first mortgages or subordinate mortgage financing, or equivalent
experience. All applicants must be able to pass a criminal background check.
All Mortgage Brokers must maintain a principal place of business within the state. They
are required to comply with all provisions of the Real Estate Settlement Procedures Act,
the Truth in Lending Act, and the Equal Credit Opportunity Act.
Licensing fees for new solicitors that apply in an odd numbered year pay $145, and in
an even numbered year pay $85. The fees for a Designated Principal are $195 and $110
respectively. Mortgage brokers applying in an odd numbered year pay $320 and $185 in
an even numbered year.
The Hawaii Association of
Mortgage Brokers (HAMB), an affiliate of the National
Association of Mortgage Brokers (NAMB), provides online educational opportunities and
a place to keep in touch with the pulse of the industry for those who want to obtain Mortgage
Broker License in Hawaii.
Hawaii Mortgage Forms
|
Hawaii Reciprocity States
|
- Most Mortgage forms can be obtained online.
Ones listed below pertain to new salespersons and
brokers.
- Mortgage
Solicitor Application
- Mortgage
Broker Application
|
N/A
(as of 2/23/2010)
|
Hawaii Approved Mortgage Schools Prelicensing and Postlicensing
Education
|
Community Colleges
N/A |
Private Schools
Abacus Mortgage Training
McKissock.com
TheMortgageTrainingCenter.com
Training Pro
|
Last Update: 2/22/2010
This list may not include all approved schools. Please visit the Professional and Vocational Licensing Division
website for the latest list of approved schools. |
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This email was sent to you by:
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Mortgage News Daily
|
 |
Anonymous Anonymous |
|
Message:
YOUR MESSAGE HERE
Become A Mortgage Broker In Hawaii
In Hawaii, the Department of Commerce & Consumer Affairs
(DCCA), through the Professional and Vocational
Licensing Division, ensures regulatory compliance of the laws and regulations
pertaining to becoming a Mortgage Solicitor or Broker in Hawaii. Offices for
both departments are located in Honolulu.
Applicants who desire to become a Mortgage
Solicitor in Hawaii must be 18 years of age or older, pay the required fees and work
under the direct supervision of a licensed broker.
Applicants who desire to become a Mortgage
Broker in Hawaii must be 18 years of age or older, pay the required fees, and post a
continuous Surety Bond of $15,000 issued by a surety company licensed to do business in
Hawaii. Applicants need to exhibit experience, financial integrity and competency
with financial transactions. This includes two years of experience with financial
transactions dealing with first mortgages or subordinate mortgage financing, or equivalent
experience. All applicants must be able to pass a criminal background check.
All Mortgage Brokers must maintain a principal place of business within the state. They
are required to comply with all provisions of the Real Estate Settlement Procedures Act,
the Truth in Lending Act, and the Equal Credit Opportunity Act.
Licensing fees for new solicitors that apply in an odd numbered year pay $145, and in
an even numbered year pay $85. The fees for a Designated Principal are $195 and $110
respectively. Mortgage brokers applying in an odd numbered year pay $320 and $185 in
an even numbered year.
The Hawaii Association of
Mortgage Brokers (HAMB), an affiliate of the National
Association of Mortgage Brokers (NAMB), provides online educational opportunities and
a place to keep in touch with the pulse of the industry for those who want to obtain Mortgage
Broker License in Hawaii.
Hawaii Mortgage Forms
|
Hawaii Reciprocity States
|
- Most Mortgage forms can be obtained online.
Ones listed below pertain to new salespersons and
brokers.
- Mortgage
Solicitor Application
- Mortgage
Broker Application
|
N/A
(as of 2/23/2010)
|
Hawaii Approved Mortgage Schools Prelicensing and Postlicensing
Education
|
Community Colleges
N/A |
Private Schools
Abacus Mortgage Training
McKissock.com
TheMortgageTrainingCenter.com
Training Pro
|
Last Update: 2/22/2010
This list may not include all approved schools. Please visit the Professional and Vocational Licensing Division
website for the latest list of approved schools. |
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.