Wisconsin Mortgage Loan Originator Exempt Company Registration Surety Bond
Wisconsin Mortgage Loan Originator Exempt Company Registration is a voluntary registration process for exempt companies that will sponsor license mortgage loan originators and have direct control and supervision of their duties.
Surety Bond and License Requirements:
- Applicants will need to apply for registration through the National Mortgage Licensing System (NMLS) and pay the applicable NMLS processing and registration fees.
- If any of the disclosure statements responses were "yes," provide an explanation for each answer.
- Exempt Companies that do register through the NMLS will need to obtain a $300,000 surety bond to meet the registration requirements. The surety will upload the bond into the NMLS ESB system.
How Much Will a Wisconsin Mortgage Loan Originator Bond Cost?
The premium that you pay for a Wisconsin Exempt Company Registration 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.
Related Links:
NMLS Wisconsin Mortgage Exempt Company RegistrationMore Surety Bond Questions?
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.
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