An employee who performs mortgage loan originator activities for a mortgage servicer is exempt from registration and licensure as a mortgage loan originator; provided that:

(1) The employee’s actions are part of the employee’s duties as an employee of the mortgage servicer; and

Terms Used In Hawaii Revised Statutes 454F-24

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
(2) The employee’s mortgage loan originator services are limited to residential loan modifications and processing the approval of loan assumptions.

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