Wisconsin

Pre-Licensure Education:
All new MLO applicants must complete 20 hours of NMLS approved pre-licensure
education before they will be licensed.

CERTIFICATION
Unless certified as having already taken 20 hours of WI approved
continuing education, existing MLOs must complete 20 hours of NMLS approved
pre-licensing education before 12/31/2010. Refer to WI DFI's website (www.widfi.com) for additional
information on certification.

NOTICE
Loan Originators with renewals with expiration dates of 8/1/2010, 9/1/2010,
10/1/2010, 11/1/2010, and 12/1/2010 are subjuect to the same renewal process
that has been in place since 2005 and MUST renew their license on
www.pulseportal.com. Additionally, the renewal requires completion of 16
credits of approved education. 
http://www.wdfi.org/fi/mortbank/.

Continuing Education:
All licensees must take 8 hours of NMLS approved continuing education in 2011 in
order to renew for 2012.

If your existing WI MLO license expires during 2010, there are WI specific
continuing education requirements you will need to meet in order to have
your license renewed to 12/31/2010. Refer to WI DFI's website (www.widfi.com)for additional information.

SAFE MLO Test:
All new MLO applicants must pass the national component of the SAFE MLO Test
before they will be licensed.

All existing MLOs must pass the National Component of the SAFE MLO Test
before 12/31/2010.

All new MLO applicants must pass the State Component of the SAFE MLO Test 
between 8/16/2010 (schedulded date of availability) and 12/31/2010.

CERTIFICATION
Unless certified as having already passed the WI test or test-out,
existing MLOs must pass the State Component of the SAFE MLO TEet between
8/16/2010 (schedules date of availability) and 12/31/2010. Refer to
WI DFI's website (www.widfi.com) for additional information on certification.

Criminal Background Check:
All new MLO applicants are required to request a FBI criminal background check
("CBC") with the submission of a license request.

All existing MLO licensees must request a CBC prior to 12/31/2010.

Credit Report:
All licensees will be required to authorize a credit report through NMLS
between October 2010 and December 31, 2010.

Regulatory Agency:
Wisconsin Department of Financial Institutions 
345 West Washington Avenue
Madison, WI 53703
Ph: 608.261.9555
Fax: 608.261.7200
http://www.wdfi.org.

For more information about this state's licensing requirements CLICK HERE.


State Approved Courses:     
• Loan Officer Boot Camp - 16 Hours 
   Class Offered: Live and Online

Please Note:  The contents contained on this web page are for informational purposes only.  

State requirements often change.  Please visit your state web site for the most up-to-date information.  

This information should not be interpreted as legal advice.