Wisconsin

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.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
WisconsinMortgage Broker License$850.00$900.00$275.50Call for More Information$2025.50
WisconsinMortgage Banker License$1100.00$2250.00$275.50Call for More Information$3625.50
WisconsinNo License/No COA$0.00$0.00$0.00Call 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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