Wisconsin — Mortgage Banker - NMLS Bond
Preparing a Wisconsin mortgage banker bond? The company licensing statute states $300,000 in commercial surety security for the banker class.
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- Recorded state
- Wisconsin
- Bond type
- Mortgage Lender / Banker Bond
- Category
- Financial services
What this bond does
Back the mortgage banker's faithful performance of its duties and obligations.
- Who needs it
- Businesses applying under Wisconsin's mortgage banker class.
- Who it protects
- The bond is payable to the division for people to whom the banker provided mortgage banking services.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Wisconsin Statutes 224.72(4)(am) (opens in a new tab)Checked October 22, 2026
- NMLS: gathering electronic surety bond requirements (opens in a new tab)Checked October 22, 2026
Have these ready
- Mortgage banker company name and NMLS ID.
- Banker license request and form instructions.
- Requested effective date and authorized signer.
Questions about this bond
Can I apply using the broker sum?
The statute states a different sum for each class. Use the banker requirement for a banker request.
Does buying the bond authorize funding loans?
No. The bond and license approval are separate. Continue with all applicable licensing requirements.
How does the application proceed?
Purchase Now opens Propeller in a new tab. Complete provider review and issuance before the required execution and regulatory filing.