Loan Officer Training-Honolulu Hawaii

Mortgage Solicitor/Loan Officer Definition

Loan Officer Mission

Type of Financial Institutions

Type of Loans

Interview and Loan Application (1003) Sample

Quick Borrower’s   Analysis
Purchase Contract or Refinancing

Down Payment & PMI, Gift Letter, Cash Reserves

Pre-Qualification, Documentation-Loan Application Checklist, Income, LTV and Debt to Income Ratio

Credit Report, FICO,

GFE, TIL, Reg. Z, Disclosures,

            Consumer ARMS Handbook, HUD 1,



          2

Underwriting

Conversation Log

Appraisal Report

VO's- Verification of Rent,Mortgage,Employment,Deposit,etc

Escrow Opening, Preliminary Title Report, Title Insurance

Flood, Termite Report, Purchase Contract

HOA Insurance,Budget,Certification,etc

Purchase Contract,Rental Agreement,Listing Agreement,etc

Hazard Insurance

Loan Pricing, Rate Sheets & Lock, Red Flags,

DU: Fannie Mae, Freddie Mac,

Transmittal Summary (1008)

Pre Approval and Final Commitment Letter

Escrow Closing

Compliance

RESPA

3
LOS-Loan Origination System: Loan Ace , Calyx, Encompass, etc

Marketing

4

Mortgage Terminology

References

For Hawaii Professional and Vocational Licensing (PVL) Search go http://pvl.ehawaii.gov/pvlsearch/app

This search is designed to help the public obtain basic information about businesses and individuals that hold professional and vocational licenses issued by the State of Hawaii.

Hawaii Mortgage Solicitor License (MS) Requirements:

Mortgage Solicitor PDF Form at: http://www.hawaii.gov/dcca/areas/pvl/programs/mortgage/application_publications/

1)Are you at least 18 years of age?

2)Are you US citizen, US national or an allien authorized to work in the US ?

3)Have you ever used any other name(s) ?

4)Have you ever held a mortgage broker or solicitor license?

5)Have you ever held any other license(s) ?

6)Have you ever had any license suspended,revoked, or otherwise subject disciplinary action?

7)Have you ever been employed by any business whose license was suspended,revoked or otherwise subject to disciplinary action?

8)In the past 20 years,have you ever been convicted of crime in which the conviction has not been annulled or expunged?

9)Have you ever had or are there any pending lawsuits,judments,tax liens,or any other liens against you?

(If response is "yes " to Questions 6,7,8,9,provide details on a separate sheet and attach documentation from the proper authorities.)

10)Agrees to sign Independent Contractor Agreement and Company Policies.

We offer Top Comission Split. Realtors & Home Based Agent Welcome!
Please email resume to bestrealdeal@hotmail.com ,fax 947-6641 or call 741-6641

Also If you looking for a Real Estate Job, please visit Best Realty Inc.Website http://www.bestrealdeal.com

Go back to Hawaii Mortgage Company Home Page http://www.808loan.com , For Honolulu Hawaii Real Estate go to http://www.bestrealtyinc.com ,Big Island Real Estate at http://www.besthawaiirealty.us or http://www.mlsbigisland.com ,Fill up Universal Loan Application 1003 at https://www.online-1003-app.com/?k=7ZZAAKpsoKTD14gT ,visit mortgage loan payment estimate calculator at http://www.hawaiiloanofficer.com/tools/paymentcalculator.htm   and Hawaii Real Estate Directory at http://www.bestrealtyinc.com/bin/web/real_estate/AR172898/LOCAL_INFO/Honolulu/1222458936.html ,

Aloha & Mahalo, A Mortgage Star LLC  Hawaii,Oahu,Kauai,Maui,Big Island and Honolulu Mortgage Loan Broker

Loan Officer Training-Honolulu Hawaii

Table of Contents