Mortgage licensing / Wisconsin
Wisconsin Mortgage Broker Branch License
branch licence · NMLS WIBROKER_B · DFI
Pursuant to Wis. Stat. s. 224.71(1c), a branch office means an office or place of business, other than the principal office, located in this state or another state, where a mortgage loan originator, mortgage banker, or mortgage broker engages in the mortgage loan business subject to subch. III, ch. 224, Stats.
Each mortgage broker shall obtain and maintain a license for its principal office and a separate license for each branch office.
Requirements (2)
Step 1
Electronic Surety Bond: See the Mortgage Broker Company License Requirements on the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement. NOTE: If the company licenses more than five broker branch locations, an electronic surety bond rider for the Company License must be submitted via NMLS increasing the coverage by $10,000 for each licensed location in excess of five. The surety bond rider shall not include any specific address of branches.Submitted via: Electronic Surety Bond via NMLS
Step 2
Branch Manager: The individual identified as a branch manager must be licensed as a Wisconsin mortgage loan originator.
General information
Who is required to have
this license?
Each mortgage broker shall obtain and maintain a license for its principal
office and a separate license for each branch office.
A “branch office” means an office or place of business, other than the
principal office, located in this state or another state, where a mortgage loan
originator, mortgage banker, or mortgage broker engages in the mortgage loan
business subject to subch. III, ch. 224, Stats.
Other Wisconsin mortgage licenses
- Mortgage Banker Branch License
- Mortgage Banker License (effective 1/1/25)
- Mortgage Broker License (effective 1/1/25)
- Mortgage Loan Originator License
- Mortgage Loan Originator License (WI Resident Veteran Only)
- All 6 Wisconsin licenses
Sourced from the NMLS/CSBS state licensing record, last updated June 26, 2024. Requirements change — confirm against the state agency before filing. Not legal advice.