According to Hawaii Revised Statute 454F, which entity does not have control in a mortgage loan originator company?

In the context of Hawaii Revised Statute 454F, the role of a mortgage loan originator company involves various responsibilities and levels of control amongst its personnel. A processor who also originates loans is primarily involved in the administrative and support aspects of loan processing rather than holding a position of authority or control within the company.

Their main function is to facilitate the completion of loan documents, communication with clients, and handling the logistics of loan application processes. While they may play a significant role in ensuring that loan files are prepared accurately and efficiently, they do not typically have the decision-making power to override company policies or direct company operations in the way that a principal broker, manager, or underwriter would.

A principal broker and a manager are generally responsible for overseeing the overall activities of a mortgage company, ensuring compliance with regulations, and managing staff. An underwriter is crucial in assessing the risk of loans and approving or denying mortgage applications based on guidelines and company policies. Therefore, the processor, even if they originate loans, does not exert the same level of control or authority as those in the other roles mentioned.