The average hourly pay for a Closer is $17.59.
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$9 - $25
$983 - $14,740
$0 - $750
$1,017 - $9,600
$20,654 - $57,819
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Job Description for Closer
A closer is responsible for a number of tasks related to closing loans. This includes overseeing and managing loan processing within the company's policies. They must maintain excellent communication with customers, staff, and any other relevant parties to ensure a proper and timely settlement. They also send written requests and make phone calls to parties involved in the loan to obtain additional information as needed. Additionally, a closer is responsible for obtaining and preparing informati…Read more
- Authorize funding upon verification of all documentation.
- Order credit reports, appraisals, title insurance, and all other certifications as necessary.
- Answer questions regarding closing requirements.
- Maintain communication with brokers partners and closing/settlement agents with loan status.
Job Satisfaction for Closer
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Popular Skills for Closer
Avg. Hourly Rate
Skills in Mortgage Loans, Legal Document Review, Real Estate, Data Processing and Data Analysis are correlated to pay that is above average.
Pay by Experience Level for Closer
An entry-level Closer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $10.87 based on 20 salaries. An early career Closer with 1-4 years of experience earns an average total compensation of $15.38 based on 114 salaries. A mid-career Closer with 5-9 years of experience earns an average total compensation of $19.74 based on 44 salaries. An experienced Closer with 10-19 years of experience earns an average total compensation of $23.19 based on 67 salaries. In their late career (20 years and higher), employees earn an average total compensation of $19.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Closer in their job title in Houston, Texas earn an average of 36.2% more than the national average. These job titles also find higher than average salaries in Phoenix, Arizona (30.5% more) and Chicago, Illinois (17.9% more).
Years of Experience
This data is based on 288 survey responses.