Wisconsin Mortgage Licensing
Mortgage Broker Licensing
License: Wisconsin Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: Yes, one person must be licensed
Minimum Net Worth: $100,000
Financial Statements: CPA reviewed or audited (audited for renewal)
Surety Bond Amount: $120,000
Company License Fee: $850
Mortgage Lender Licensing
License: Wisconsin Mortgage Banker License
Physical Office Required: No
Qualifying Individual Required: No
Minimum Net Worth: $250,000
Financial Statements: Unaudited (reviewed by CPA)
Surety Bond Amount: $300,000
Company License Fee: $1,100
Regulated by:
Wisconsin Department of Financial Institutions
Division of Banking
PO Box 7876
Madison, WI 53707-7876
Phone: 608-261-7578
E-mail: DFIMortgageBanking@Wisconsin.gov