State Licensing Requirements

Wisconsin

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

Current licensees should consult the Wisconsin Transition Plan. New Applicants should consult license details and New Application checklists.

Check state agency website for further information: Wisconsin Department of Financial Institutions

Common Requirements

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
Mortgage Banker License	This license is required of anyone who originates residential mortgage loans; sells residential mortgage loans or interests in residential mortgage loans; services residential mortgage loans; or provides escrow services. (More Details)	Transition To NMLS New Application
Mortgage Broker License	This license is required of anyone who, on behalf of a residential mortgage loan applicant or an investor and for commission, money or other thing of value, finds a residential mortgage loan or negotiates a residential mortgage loan or commitment for a residential mortgage loan or engages in table funding. (More Details)	Transition To NMLS New Application
Branch Licenses	Description	Requirements Checklist
Mortgage Banker License (Branch)	This license is required for all offices, other than the main office identified on the Mortgage Banker License, whether located in Wisconsin or not, which conduct business with Wisconsin residents. (More Details)	New Application
Mortgage Broker License (Branch)	This license is required for all offices, other than the main office identified on the Mortgage Broker License, whether located in Wisconsin or not, which conduct business with Wisconsin residents. (More Details)	New Application
Individual Licenses	Description	Requirements Checklist
Mortgage Loan Originator License	This license is required of any individual who, for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan. (More Details)	Transition To NMLS New Application