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Is a Bond Required for a Wisconsin Mortgage Loan Originator Exempt Company Registration?

A

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.

Applicants will need to apply for registration through the National Mortgage Licensing System (NMLS) and pay the applicable NMLS processing and registration fees.

Registration requirements:

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 This Bond Cost?

The premium that you pay for a Wisconsin Exempt Company Registration Bond is dependent on credit, and personal and business financial statements.

Have Questions?

Contact our Surety Bond Specialists:

Phone: 1‑844‑432‑6637
Emailinfo@suretygroup.com
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday



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