HI Hawaii

Hawaii is one of the few states that is a brick and mortar state, meaning require the business to have an approved in-state location to receive your Mortgage Loan Originator Company License. The state also requires mortgage servicing activity to have its own license, separate from the lending and broker license. If your business is going to service its own loans, then you will need to complete the process for both licenses. Although the Mortgage Loan Originator Company License does not require a bond, a bond is required for the servicer license in the amount of $100,000.

StateLicense NameState FeeBond Prem.RA FeeSoS FeeMLG Processing FeeTotal
HawaiiMortgage Loan Originator Company License (B&M)$1,045N/A—$126Call for More Information$1,171
HawaiiMortgage Servicer License$795$750—$126Call for More Information$1,671

License: Mortgage Loan Originator Company License (B&M)

  • Operating Status: Broker/Lender
  • Bond Amount: $0
  • Net Worth: $0
  • Brick & Mortar: Yes
  • Financial Type: N/A
Corp. office can be located outside of HI, but must obtain a HI in-state licensed branch location as a principle place of business. QI must hold a HI MLO license, be a resident of HI and be listed as the HI branch manager. There is no bond required for this license application.

License: Mortgage Servicer License

  • Operating Status: Servicing
  • Bond Amount: $100,000
  • Net Worth: $0
  • Brick & Mortar: Yes
  • Financial Type: N/A
This license is required to conduct any servicing activity or loan modifications on residential mortgage loans for your own company or others.
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