Wisconsin Mortgage Bankers are required to have a license and obtain a Wisconsin Residential Mortgage Banker Bond as a condition of licensure. License prerequisites include a minimum net worth of $250,000 and securing a surety bond. The surety bond guarantees compliance of state laws and ethical performance of duties.
The premium that you pay for a Wisconsin Residential Mortgage Banker Surety Bond is dependent on credit, and personal and business financial statements. Premiums start at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application