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For assistance with mortgage licensing contact us at:
Direct Phone: (714) 656-3960
Fax: (714) 829-1444
ssheasby@integritymortgagelicensing.comInformation herein is for educational purpose only
and is not meant to be a complete statement of all state mortgage
licensing requirements. Additional State and FHA mortgage licensing requirements
may be required. If you need further information, we would encourage you
to contact us directly.
Wisconsin Mortgage Licensing
Mortgage Banker
Mortgage Banker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $250,000
Surety Bond: $10,000 to $120,000
State Initial Fee: $750
State Renewal Fee:
Branch Licensing: Yes
Loan Officer Licensing: Yes
Experience/Education:
Comments: $750 license application fee to Wisconsin. With an in-state office, you will need a $10,000 bond and $100,000 net worth. Without an in-state office, you will need a $120,000 bond and $250,000 net worth. Must have a commercial location in Wisconsin unless residence is zoned properly. License Loan Originators require testing.
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $250,000
Surety Bond:
State Initial Fee:
State Renewal Fee:
Branch Licensing:
Loan Officer Licensing:
Experience/Education:
Regulated
by:
Department of Financial Institutions
345 W Washington Avenue
Madison, WI 53703
Telephone: (608) 261-9555
Fax: (608) 261-7200
http://www.wdfi.org/