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

Mortage 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