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    Wisconsin State Licenses and Regulator Costs

    Need a license?(312) 588-6800 State Mortgage Licensing Experts
      Mortgage Banker License (Company)
    • NMLS Cost: $1,100
    • Additional Costs: none
    • This license covers servicers as well, but does not cover brokering (add'l license required)
    • Minimum Net Worth: $250,000
    • Surety Bond Requirement: $300,000 (electronic)
      Mortgage Broker License (Company)
    • NMLS Cost: $1550
    • Additional Costs: none
    • Minimum Net Worth: $100,000
    • Surety Bond Requirement: $495,000 (electronic)
      Mortgage Banker Branch License (Branch)
    • NMLS Cost: $370
    • Additional Costs: none
    • Branch Manager: must hold Wisconsin MLO license
    • Surety Bond Rider: if this is the sixth or more branch location, a surety bond rider increasing coverage by $10,000 is required
      Mortgage Broker Branch License (Branch)
    • NMLS Cost: $370
    • Additional Costs: none
    • Branch Manager: must hold Wisconsin MLO license
    • Surety Bond Rider: if this is the sixth or more branch location, a surety bond rider increasing coverage by $10,000 is required
      Mortgage Loan Originator (Individual)
    • NMLS Cost: $280
    • Additional Costs: $15.00 per credit report, $36.25 per criminal background check