Wisconsin Mortgage Banker Surety Bond

Bond Details

Wisconsin Mortgage Banker Surety Bond – $300,000 bond – $1,800 per year

Overview

The Wisconsin Department of Financial Institutions (DFI) requires mortgage bankers to obtain a $300,000 mortgage banker bond as part of their licensing process. The bond aims to protect consumers and ensure mortgage bankers are financially liable for any financial harm caused to individuals or entities. The NNA has secured a $1,800 flat rate for all Wisconsin mortgage bankers.