Wisconsin Mortgage Broker Surety Bond
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $120,000 | 1 | $720 |
The Wisconsin Department of Financial Institutions (DFI) requires mortgage brokers to maintain a $120,000 mortgage broker bond as part of their licensing process, and the bond is submitted electronically through the NMLS system.
Mortgage brokers assisting consumers with residential mortgage loans in Wisconsin must meet state licensing requirements before conducting business. Required by the State of Wisconsin, the Wisconsin mortgage broker surety bond helps ensure compliance with state mortgage brokerage requirements and provides financial protection for covered violations.
Cost of the Wisconsin Mortgage Broker Surety Bond
The cost of the $120,000 Wisconsin mortgage broker surety bond is $720 per bond term with NNA Surety. Secure this surety bond today.
How the Wisconsin Mortgage Broker Surety Bond Works
The Wisconsin mortgage broker surety bond protects consumers by holding licensed mortgage brokers financially accountable for complying with applicable state requirements.
The bond involves three parties:
- Principal: Mortgage broker
- Obligee: State of Wisconsin
- Surety: Bonding company
A claim against the bond may be filed for covered violations of Wisconsin mortgage brokerage requirements. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Wisconsin Mortgage Broker Surety Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $720 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your Wisconsin mortgage broker license.
Learn more about your Wisconsin surety bond options across the state.
Get Your Wisconsin Mortgage Broker Surety Bond
Keep your Wisconsin licensing requirements on track by securing your mortgage broker surety bond today. Complete this form or call 855-457-2196 to get bonded.