Mortgage Banking
Our Offices will be closed on: Monday, May 28th, 2012
The Department of Financial Institutions will be closed on Monday, May 28th, 2012.
Although the Agency will be closed to the public, Internet Web Services will still be available for individuals who are accessing or filing documents over the Internet. For additional information regarding documents that can be filed or processed over the Internet for a specific program, please visit that program’s information on our web site. There will be no mail delivery to the Department on holidays or weekends. There also will be no staff to accept courier deliveries.
To see future days that the Agency will be closed, click 
2012 Closure Dates.
(PDF: 13 KB / 1 page)
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.
NMLS Links
 For all licensing and continuing education for Loan Originators, Mortgage Bankers and Mortgage Brokers. |
 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. |
Mandatory Reporting Requirements for Mortgage Bankers and Brokers
Wisconsin Mortgage Banker and Mortgage Broker Licensees Mandatory Reporting Requirements
(PDF: 28 KB / 1 page)
More NMLS Links
- Continuing Education through NMLS
- Test Content Outlines
- Wisconsin State Licensing Requirements on NMLS
- NMLS Resources & Support
Additional Information
- License Definitions
- File a Mortgage Banking Complaint
- Federal Reserve - Truth in Lending Compliance is mandatory beginning on April 1, 2011
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Notice of Interest Rate on Required Residential Mortgage Loan Escrow Accounts for 2011
(PDF: 8 KB / 1 page)
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Notice of Interest Rate on Required Residential Mortgage Loan Escrow Accounts for 2012
(PDF: 41 KB / 1 page)
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Historical Interest on Escrow Rates
(PDF: 11 KB / 1 page)
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New rule effective January 1, 2010 regarding transition to license
system, branch offices, mortgage broker agreements, surety bonds & tradenames (section 7 effective January 1, 2011.
(PDF: 65 KB / 16 pages)
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Statement on Subprime Mortgage Lending
(PDF: 81 KB / 9 pages)
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Guidance on Nontraditional Mortgage Product Risks
(PDF: 84 KB / 11 pages)
- View Mortgage Banking Administrative Orders Issued (last updated: 4/13/12)