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Mortgage Banking

Mortgage Banking primarily regulates and supervises loan originators, mortgage bankers and mortgage brokers. The Nationwide Mortgage Licensing System & Registry (NMLS), a mortgage licensing system operated by state financial regulators, including Wisconsin was launched in 2010. Wisconsin has transitioned to using NMLS for all of it's mortgage licensing.

Wisconsin Act 360

Passage of 2013 Wisconsin Act 360 ("Act 360") makes some important changes to ch. 224, Stats.
Please visit the Wisconsin Legislative Documents website to view Act 360: 2013 Wisconsin Act 360.

Additional information and a brief review of Act 360 was sent to WI licensed mortgage bankers and mortgage brokers, a copy of that communication can be found here:
Adobe PDF Document Wisconsin Act 360 communication

With the passage of Act 360, bona fide nonprofit organizations, as defined in s. 224.71(1br), Stats., may be exempt from obtaining a Wisconsin mortgage banker and/or mortgage broker license. To qualify for an exemption, the organization must provide the division a copy of the checklist and all required documentation found on our Forms page.

NMLS Links

Access the NMLS Resource Center

For all licensing and continuing education for Loan Originators, Mortgage Bankers and Mortgage Brokers. 		go to NMLS Consumer Access

NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branch offices, and individuals currently licensed through NMLS.
Veteran Fee Waiver Information

Mortgage Loan Originator Fee Waiver for Wisconsin Veterans

More NMLS Links

Additional Information

Fees

Forms

FAQs

Statutes