Closer Salary

A Closer earns an average salary of $42,901 per year.

$31,728 - $59,254
$32K
$43K
$59K
MEDIAN: $42,875
10%
50%
90%

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$9.25 - $24.75
$9
$18
$25
MEDIAN: $17.87
10%
50%
90%

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$0$59K
Salary $31,728 - $59,254
Bonus $1,250 - $14,740
Commission $1,007 - $29,799
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).
)
$22,411 - $59,771
  • Country: United States
  • Currency: USD
  • Updated: 21 Nov 2017
  • Individuals Reporting: 139
Hourly Data $0$40
Hourly Rate $9.25 - $24.75
Hourly Tips $0.00
Overtime $13.09 - $40.30
Annual Data $0$59K
Bonus $1,250 - $14,740
Commission $1,007 - $29,799
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).
)
$22,411 - $59,771
  • Country: United States
  • Currency: USD
  • Updated: 21 Nov 2017
  • Individuals Reporting: 129

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 information needed to close a loan. Closers typically work in an office setting during regular business hours, although overtime may be required depending on the needs of the company. Businesses that offer loans, such as banks, are typical employers for closers.

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Closer Tasks

  • 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.

Common Career Paths for Closer


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Closer Job Listings

Pay by Experience Level for Closer

Pay by Experience for a Closer has a positive trend. An entry-level Closer with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 67 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Closer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 28 salaries. An experienced Closer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 41 salaries. A Closer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $46,000 based on 17 salaries.

Related Job Salaries

Key Stats for Closer

Gender

Female
73 %
Male
27 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.
Less than 1 year
5%
1-4 years
34%
5-9 years
18%
10-19 years
30%
20 years or more
12%

Experience Affects Closer Salaries

Experienced
▲14%

Late-Career
▲10%

National Average
$41,000

Mid-Career
▼3%

Entry-Level
▼4%

Skills That Affect Closer Salaries

Mortgage Loans
▲8%

National Average
$41,000

Loan Documents
▼18%

Customer Service
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
5%
1-4 years
34%
5-9 years
18%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 67%
dental benefits
Dental: 53%
vision benefits
Vision: 37%
no benefits
None: 31%