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Average Loan Closer Salary

$49,488
Avg. SalaryShow Hourly Rate
$3,091
Bonus
$12,000
Commission
$3,000
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for a Loan Closer is $49,488.
10%
$36k
MEDIAN
$49k
90%
$65k
Is Loan Closer your job title? Find out what you should be paid
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Salary
$36k - $65k
Bonus
$590 - $10k
Profit Sharing
$0 - $3k
Commission
$0 - $12k
Total Pay
$35k - $64k
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What Do Loan Closers Do?

Loan 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.

Job Satisfaction for Loan Closer

3.7 out of 5
(44)
Highly Satisfied
1Review

Popular Employer Salaries for Loan Closer

Career Paths

Explore the most common career paths for Loan Closer. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Closer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Closer Job Listings

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What Are Popular Skills for Loan Closers?

Skills in Loan Documents, Mortgage Loans, Commercial Loans, Loan Processing and Real Estate are correlated to pay that is above average.

What is the Pay by Experience Level for Loan Closers?

An entry-level Loan Closer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $41,142 based on 16 salaries. An early career Loan Closer with 1-4 years of experience earns an average total compensation of $47,758 based on 103 salaries. A mid-career Loan Closer with 5-9 years of experience earns an average total compensation of $49,730 based on 63 salaries. An experienced Loan Closer with 10-19 years of experience earns an average total compensation of $54,715 based on 68 salaries. In their late career (20 years and higher), employees earn an average total compensation of $53,196.
Employees with .NET Software Developer / Programmer in these locations earn less than the national average. The lowest salaries can be found in Pittsburgh, Pennsylvania (17.2% less), Jacksonville, Florida (11.4% less) and Minneapolis, Minnesota (9.1% less).

Years of Experience

This data is based on 297 survey responses.
Entry Level
5.4%
Early Career
34.7%
Mid Career
21.2%
Experienced
22.9%
Late Career
15.8%

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