Loan Closer Salary (United States)

A Loan Closer earns an average salary of $40,502 per year. Skills that are associated with high pay for this job are Commercial Loans and Document Preparation.
Loan Closer Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$30,009 - $56,853
(Median)
30K
35K
41K
48K
57K
MEDIAN: $40,502
10%
25%
50%
75%
90%
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Loan Closer Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$12.85 - $22.21
(Median)
13
15
17
19
22
MEDIAN: $16.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$19K$38K$57K
Salary
$30,009 - $56,853  
   
Bonus
$0.00 - $5,125  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,284 - $55,297  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 289
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.85 - $22.21  
   
Overtime
$15.38 - $32.14  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,125  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,284 - $55,297  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 289
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Location:
United States (change)
Years in Field/Career:

Job Description for Loan Closer

  • Answer questions regarding closing requirements.
  • Maintain communication with brokers partners and closing/settlement agents with loan status.
  • Authorize funding upon verification of all documentation.
  • Order credit reports, appraisals, title insurance, and all other certifications as necessary.

Common Career Paths for Loan Closer

Loan Closer Job Listings

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Pay by Experience Level for Loan Closer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

Chicago
up arrow 20%
Houston
up arrow 3%
National Average
$40,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Loan Closer Salaries

Late-Career
up arrow 24%
Experienced
up arrow 11%
Mid-Career
up arrow 2%
National Average
$40,000
Entry-Level
up arrow 8%

Skills That Affect Loan Closer Salaries

Commercial Loans
up arrow 24%
Document Preparation
up arrow 12%
National Average
$40,000
Loan Processing
up arrow 8%

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 43 votes.

Gender

Female
82%
female alumni
 
Male
18%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
28%
5-9 years
30%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 73%
vision benefits Vision: 50% employee benefits None: 15%
Find Out Exactly What You Should Be Paid
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