▼18%
$50,298
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$37k
MEDIAN
$50k
90%
$66k
The average salary for a Loan Closer is $50,298
Base Salary
$37k - $66k
Bonus
$582 - $10k
Commission
$0 - $12k
Total Pay
$35k - $66k
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What is the Pay by Experience Level for Loan Closers?
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.
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Gender Breakdown
Female
84.7%
Male
15.3%
This data is based on 124 survey responses. Learn more about the gender pay gap.
Common Health Benefits
Medical
85%
Dental
76%
Vision
68%
None