Hawaii Association of Mortgage Brokers...Hawaii's Association of Mortgage Professionals

We are MLOs (Mortgage Loan Originators), as well as Professionals that work with the mortgage industries. Such as Lender Account Executives and Escrow Representatives, Appraisers, Credit Union and Bank Loan Officers and staff members of MLO companies, and affiliate companies. (To Join click BECOME A MEMBER or FORM)

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Preparing for the 2015 Annual Renewal

(The following is information from the Division of Financial Institutions “DFI”)

The Annual Renewal will begin on November 1, 2014 and end on December 31, 2014.

As part of the renewal process, DFI has put together several videos regarding the upcoming 2015 renewals. In the first video you will learn of the requirements to renew your license for 2015.  (CLICK HERE TO VIEW VIDEO

The next video will be posted on November 3, 2014, and the final video (on reinstating a license will be posted on January 2, 2015)

Please note Mortgage Servicers do not have a reinstatement period.

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Help NAMB Tell Your Story

The CFPB wants to see Data  If you have not done so already CLICK HERE to take the short 9 question survey.

Recently the NAMB Government Affairs team met with the CFPB to discuss mortgage brokerage compensation, the 3% cap on points and fees, as well as loan origination compensation. The CFPB provided excellent industry insight and guidance into several of the key areas plaguing mortgage originators and mortgage brokerage entities.

It is obvious the CFPB is a data driven organization and NAMB is determined to show them that the mortgage broker model is extremely effective in mitigating upfront costs for consumers. We are also determined to show them that thousands of small businesses are being adversely impacted due to the limitation on entity revenue.

So here we are. Your industry needs your help. Your industry needs you to participate and respond to this survey to the best of your ability. If you don’t have exact numbers, please provide us your best estimate. The major data points that NAMB would like to see are (1) TOTAL number of loans closed in YTD; (2) TOTAL Dollar Volume of your loans YTD; (3) TOTAL amount of mortgage rebates that you gave to the customer to help pay their closing costs YTD. This amount will be the sheet price of the loan, minus your Lender Comp, minus any hits and this would be the net amount that you would have given back to the customer to help pay fees and reduce closing costs.

Prize Incentive:  EACH PARTICIPANT WILL RECEIVE THE VIDEO WEBINAR “GETTING MORE BUSINESS WITH REALTORS”(BY : Maximum Acceleration). IN ADDITION, MORTGAGE EDUCATORS will give away 5 8-hr NMLS classes to be used for 2014 or 2015

UPCOMING EVENTS FOR 

FOR 2015:

May 3-5, 2015 NAMB Legislative Conference (Washington D.C.)

July 2015 – ANNUAL HAWAII HAMB STATE CONFERENCE Please watch for future updates regarding venue. This will be the 8-hr CEU courses to include the 1-hr Hawaii CEU

October 17-19, 2015 (Tent. Date) – NAMB NATIONAL CONFERENCE  Please watch for future updates regarding venue and Hotel

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Completed Events 2014

Date:  February 21, 2014 - Friday “State of the Economy”

 Date: March 26, 2014 – “Biggerst Waters Flood Insurance Reform Act of 2012 (BW12)

Date: April 18 Seminar – Cancelled

Date:  May 23 Friday  - VA Refresher Workshop

Date:  June – Monthly event cancelled

Date: July 25 Friday – “Ocean Front Properties – Red Flags”

Date: August 28, 2014 – 23rd Annual State HAMB Conference

Date: October 29, 2014 – “HART Update – Rail & Confirmation of 2015 HAMB Slate”