Wisconsin Mortgage Licensing
Wisconsin has two separate licenses. The Broker for brokering activity and Banker for lending and servicing activity. Depending on your intended business activities you may need to obtain both licenses. Wisconsin’s Banker license has the highest surety bond requirement of any state which is $300K, while the bond for the Broker license is only $120K. The net worth requirement for the Banker license is $250K and the net worth for the Broker is $100K. Wisconsin prohibits you from using more than 5 trade names. While Wisconsin does not require an Audited financial statement, you will need to provide a Reviewed financial statement prepared by a CPA.
| State | License Name | State Fee | Bond Premium Est. | SOS Fee | MLG Processing Fee | Total |
| Wisconsin | Mortgage Broker License | $850 | $900 | $100 | Call for More Information | $1,850 |
| Wisconsin | Mortgage Banker License | $1,100 | $2,250 | $100 | Call for More Information | $3,450 |
License: Mortgage Broker License
- Operating Status: Broker
- Bond Amount: $120,000
- Net Worth: $100,000
- Brick & Mortar: No
- Financial Type: Reviewed (Accrual Basis)
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License: Mortgage Banker License
- Operating Status: Lender
- Bond Amount: $300,000
- Net Worth: $250,000
- Brick & Mortar: No
- Financial Type: Reviewed (Accrual Basis)
Run our License Calculator to estimate licensing costs with all 50 states!
For more information or to speak to a representative for your state
call us today at 866-576-7726
**Fees & terms are subject to change without notice.**