MyMEC

Forgot your username?

Forgot your password?

 x 

Cart empty

 

hawaii 

How to Get Your (MLO) Mortgage License in Hawaii

1. Apply for your NMLS account and ID number if you haven’t already.
The first step to getting your mortgage loan officer license in Hawaii is applying for an NMLS account and ID number. Get started by navigating to the NMLS website. Then press Login to NMLS, click Request an Account, and select the individual account option. Wait for a confirmation message with your username and ID. 

2. Finish your NMLS Pre-License Education (must complete a 20-hour SAFE pre-licensure education course).
Next you’ll need to complete your pre-license education, which is a 20-hour course that includes an 18-hour online instructor-led course and a 2-hour Hawaii state law and rules course.
 

 

 3. Pass the NMLS Hawaii Mortgage licensing exam.
Once you’re done with the coursework, it’s time to schedule an appointment for the National Test Component exam. This test is made up of 125 questions that need to be answered in 190 minutes or less. It’s not required in Hawaii, but you can also take the National Test Component with Uniform State Content Exam. This test covers state law, license law, and compliance. Go to your NMLS account to register for either exam. Learn more about taking your NMLS exam here.

 

 4. Apply for your mortgage license in Hawaii.
When you’ve achieved a passing score on your NMLS mortgage exam, you’re ready to apply for your mortgage license in Hawaii. Here are the steps:

 

  • Log on to NMLS.

 

  • Go to the top of the screen. Select the Filing tab.

 

  • Click Individual.

 

  • Press the Request/New Update button. Press continue.

 

  • Click the Add button.

 

  • Choose your mortgage broker license in Hawaii and press Next.

 

  • Click Hawaii Mortgage Loan Originator License. Press Next.

 

  • Make sure your information is correct and click Next.

 

  • Review the final page and click Finish.

 

 5. Finish background checks and pay fees (all fees are displayed below)
Next you’ll need to pay several non-refundable fees, including processing fees, a credit report fee, background check fee, and application fee. NMLS will send you an invoice through your account once your application is approved. Learn more about completing a background check and fingerprints here.

 

 6. Associate your NMLS account with your employer.
After you’ve been hired, it’s time to submit your sponsorship on your NMLS account. This will give you an active mortgage license in Hawaii. Learn how to associate your NMLS account with your employer here.

  

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. Click here for detailed Hawaii MLO education requirements.

 

PE Expiration Policy in Hawaii 

PE Expiration is a policy that was created by the NMLS Policy Committee that addresses situations in which an individual is required to retake 20 hours of pre-licensure education if they fail to acquire a valid mortgage license within three years from the last date of licensure as a mortgage loan originator. Hawaii is currently enacted for the PE Expiration policy which means the policy is enforced.

 

Cost of Getting your License in Hawaii

When you’re ready to get your NMLS license in New Jersey, be prepared to pay the following fees:

 

  • Total License Cost: $865
  • Processing Fee: $30
  • Credit Report: $15
  • Background Check: $36.25

  

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