The Wisconsin Mortgage Broker Bond is required by the State of Wisconsin Department of Financial Institutions.
The Wisconsin Mortgage Broker Bond is in place to help guarantee that the principal will comply with the provisions of the Wisconsin Statutes and Annotations and ensures that the principal will pay any and all money that may become due in case of noncompliance.
The required bond amount is $120,000.
The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.
Valid: Renewable
Licensing Fees and Requirements:
- Surety bond
- Application through NMLS
- $850 application fee
- Financial statements
All licensing fees are required by the obligee, not the surety company.
How to Get Your Wisconsin Mortgage Broker Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.