Wisconsin Mortgage License Requirements
Learn about the Wisconsin mortgage education requirements for mortgage licensing.
In the state of Wisconsin, mortgage loan originators are required to:
- Complete a Criminal Background Check (CBC).
- Authorize a credit report through the NMLS.
- Fulfill all state and federal education requirements as designated by your state agency.
- Take and pass a National Test.
- Regulatory Background: An applicant shall not have had a mortgage loan originator license revoked in any governmental jurisdiction, unless the revocation was subsequently and formally vacated.
- Company Association: A mortgage loan originator must act on behalf of a licensed mortgage banker or mortgage broker. Therefore, each mortgage loan originator must identify the mortgage banker or mortgage broker with whom he or she will be employed if a mortgage loan originator license is issued.
Wisconsin NMLS Pre-Licensing Education Requirements:
New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:
- 3 hours of federal law
- 3 hours of ethics
- 2 hours of non-traditional mortgage lending training
- 12 hours of electives
Wisconsin Continuing Education Requirements:
State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:
- 3 hours of federal law
- 2 hours of ethics
- 2 hours of non-traditional mortgage lending
- 1 hour of electives
MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.
Wisconsin Mortgage Licensing:
- State of Wisconsin Department of Financial Institutions
- Phone: 608-261-7578
- Email: DFIMortgageBanking@wisconsin.gov
- Website: www.wdfi.org/fi/mortbank
NMLS Resources:
- To view the Wisconsin MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing