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Loan Closer Salary (United States)

The average salary for a Loan Closer is $41,205 per year. A skill in Commercial Loans is associated with high pay for this job. Experience has a moderate effect on income for this job.
Loan Closer Salary (?
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.
)
$29,459 - $59,927
(Median)
29K
34K
41K
50K
60K
MEDIAN: $41,205
10%
25%
50%
75%
90%
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Loan Closer Salary (?
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.
)
$12.98 - $22.32
(Median)
13
15
17
20
22
MEDIAN: $17.00
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$20K$40K$60K
Salary
$29,459 - $59,927  
   
Bonus
$0.00 - $5,027  
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).
)
$29,183 - $57,256  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 166
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
$12.98 - $22.32  
   
Overtime
$15.05 - $32.09  
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 - $5,027  
   
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).
)
$29,183 - $57,256  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 89
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Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

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

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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 22%
National Average
$40,000
Houston
up arrow 1%
Charlotte
up arrow 6%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Loan Closer Salaries

Late-Career
up arrow 24%
Experienced
up arrow 12%
Mid-Career
up arrow 2%
National Average
$40,000
Entry-Level
up arrow 9%

Skills That Affect Loan Closer Salaries

Commercial Loans
up arrow 23%
National Average
$40,000
Loan Processing
up arrow 9%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 41 votes.

Gender

Female
79%
female alumni
 
Male
21%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
29%
5-9 years
27%
10-19 years
24%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 73%
vision benefits Vision: 50% employee benefits None: 17%