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Wisconsin Mortgage Broker or Banker Bond

Wisconsin Mortgage Broker or Banker Bond

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Who Requires the Mortgage Broker or Banker Bond and Why Is It Needed?

Mortgage Broker Bonds and Mortgage Banker Bonds are required as part of the licensing process for these professionals in Wisconsin. The Mortgage Banking division of the Wisconsin Department of Financial Institutions oversees the licensing and compliance process for the disciplines. A $120,000 bond is required for mortgage brokers and a $300,000 bond is required for mortgage bankers.

The bonds guarantee that the bonded party will comply with the rules, regulations and guidelines established by the state. Typically, mortgage professionals will be required to apply for surety bonds in each state in which they operate and mortgage bond amounts and obligations vary by state. As a leading mortgage bond provider, Surety Bonds Direct is here to help you through this process.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Wisconsin Mortgage Broker or Banker Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What is Needed to Obtain My License or Registration?

The Wisconsin Department of Financial Institutions regulates, oversees and supervises mortgage loan originators, mortgage bankers and mortgage brokers in the state of Wisconsin. The Nationwide Mortgage Licensing System & Registry (NMLS) must be used to apply and manage mortgage licensing in the state. NMLS is a nationwide mortgage licensing system operated by state financial regulators including Wisconsin. 


List of Wisconsin surety bonds.

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