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hawaii

 

 

How to Get Your (MLO) Mortgage License in Hawaii

1. Fulfill all state and federal education requirements as designated by your state agency. (17+3 Hr HI)

2. Schedule, study for and pass your national mortgage exam.

 

 

 3. Apply for the MLO License: Complete and submit your MU4 through the NMLS including, paying the licensing fee, completing a criminal background check and an authorized credit report.

  

This bundle is now available at a discounted rate of $399 $269

Use Coupon Code: HIPEDEAL 

HI 3 HR

Just need the 3 hour Hawaii elective? Purchase the course by itself! Only $59.98

Use Coupon Code: HIPE59

  

 

Hawaii Mortgage License Requirements

Obtaining a mortgage license in Hawaii and becoming a loan officer is very simple, but it’s not for everyone. It takes a willingness to learn the basic ins and outs of the industry as well as a desire to work hard. 

 

The mortgage industry is a great one to get into and it provides a lot of flexibility. If you like to work hard, you are a people person, and you have a desire to learn, becoming a mortgage loan officer is the perfect choice for you.

 

Hawaii requires 20 hours of national mortgage education, which includes 3 hours of Hawaii state-specific laws and rules course. Mortgage Educators offers both of these courses in a bundle at the low price of $269. This includes both courses, and a comprehensive test prep course to help you score well on the NMLS national test.

 

New mortgage license education, or "pre-license education" must be completed in either a live classroom or online instructor-led format. Mortgage Educators & Compliance provides these courses weekly in an Online Instructor-Led (OIL) format. These courses are presented by instructors via pre-recorded video with slideshow presentations. 

 

Courses are broken up into chapters comprised of 5-minute sections and quizzes that make up the overall content. At the end of the course, students should expect a short test to check for comprehension. All hours are reported to the NMLS upon completion by Mortgage Educators & Compliance.

 

 

Hawaii New Mortgage License Education Requirements

In order to obtain a mortgage loan officer license in Hawaii, there are educational requirements imposed both on a national and a state level that must be satisfied as per the Secure and Fair Enforcement for Mortgage Licensing Act.

 

New state-licensed Mortgage Loan Originators are required to complete a 20 hour SAFE pre-licensure education course that includes:

 

  • 3 hours of federal law and regulations
  • 3 hours of ethics, fraud, consumer protection, and fair lending issues
  • 2 hours of non-traditional mortgage lending
  • 12 hours of undefined instruction (electives)
  • 3 hours of Hawaii state law education

 

New Mortgage License Education does not count towards annual CE credits. MLO's are also advised to not retake any 20-hour new license education course unless otherwise directed by a state regulator.

 

Mortgage Educators offers a 20-hour course that is designed to satisfy all of the above educational requirements. The course is taught by David Luna, a prolific member of the Mortgage License industry, having over 35 years of experience in the field. This course also includes test prep materials that you need to pass the national test.

 

If you have already earned your loan officer license out of state and are trying to apply in Hawaii, you can opt for our 3-hour self-study program which will help satisfy the state educational requirements.

 

  

 

Hawaii Continuing Education Requirements

 

Even after you meet all of the requirements and finally obtain your mortgage license in Hawaii, there are still annual requirements you will have to meet in the form of Continuing Education.

 

Every state-licensed Mortgage Loan Originator is required to complete:

 

  • 8-hour Continuing Education course
  • Must include 1 hour of Hawaii state law education

 

 

Remember to take into account the "successive years" rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure no issues with the "successive years" rule.

 

 

Learn More about Hawaii Mortgage Licensing 

Becoming an MLO is very simple, but not easy. Fortunately, Mortgage Educators is here to help.

 

All of our curriculums are created and taught by industry experts that have years of experience resulting in rewarding content that will help prepare you to get your license and excel in your field.

  

Mortgage Broker vs. Mortgage Loan Officer - What's the Difference?

Mortgage brokers and mortgage loan officers are often confused with each other. Because of this, most people looking to get a mortgage broker’s license are actually looking for a mortgage loan officer’s license. So what is the difference?

 

Generally speaking, a mortgage broker is a company that employs mortgage loan officers. The loan officers are employed by the broker to originate loans for homebuyers when they are looking for a loan for their mortgage.

 

 
Additional questions?
 

 

Mortgage Educators & Compliance is here to answer any questions that you may have in regards to your Hawaii mortgage license. Feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.

 

                 hawaii