Wisconsin’s mortgage banker license has the highest surety bond requirement of any states 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 audited financial statements, 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 | Total |
| Wisconsin | Mortgage Broker License | $850.00 | $900.00 | $275.50 | Call for More Information | $2025.50 |
| Wisconsin | Mortgage Banker License | $1100.00 | $2250.00 | $275.50 | Call for More Information | $3625.50 |
| Wisconsin | No License/No COA | $0.00 | $0.00 | $0.00 | Call for More Information | $0.00.00 |
License: Mortgage Banker License
- Operating Status: Lender
- Bond Amount: $300,000
- Net Worth: $250,000
- Brick & Mortar: No
- Audited Financials: Yes
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License: Mortgage Broker License
- Operating Status: Broker
- Bond Amount: $120,000
- Net Worth: $100,000
- Brick & Mortar: No
- Audited Financials: Yes
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