Loan Closer

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October 30, 2016

Jobs

Loan Closer Job Description

Loan Interviewers and Clerks Interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.

Loan Closer Salary Statistics as of 2015

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Average annual salary for a Loan Closer is $39227 based on statistics in the U.S. as of 2015. The highest salary recorded was $60466. The lowest salary reported was $29124. These figures will vary on a state to state basis as these are averages across all 50 states.

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Median hourly wage for a Loan Closer is $19.51 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $30.07. The lowest hourly rate recorded was $14.48. These figures will vary on a state to state basis as these are averages across all 50 states.

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Bonuses for a Loan Closer are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $2000 from people with 15+ years of experience. The average bonus recorded was $0 from people with under 1 year of experience.

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These are the highest paying states for a Loan Closer. These numbers are based of the median annual salary as of 2015.
California – n/a
Colorado – n/a
Illinois – $32,435 – $56,288
Nebraska – n/a
North Carolina – n/a
Ohio – n/a
Texas – $34,392 – $48,834

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These are the highest paying cities for a Loan Closer. These numbers are based of the median annual salary as of 2015.
Chicago, Illinois –
Houston, Texas –
Norfolk, Nebraska –
Denver, Colorado –
Boston, Massachusetts –
New York, New York –
Austin, Texas –

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chart.render(“history”);[/js]

This chart outlines the average annual salary of a Loan Closer from the past 5 years. In 2015 the average annual salary was $39227 while in 2007 it was just $36378.43

Job Outlook

Gender Statistics

Related Jobs

22%

78%

Based on our stats gathered across the U.S. 22% of Loan Closers were males while 78% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Mortgage Loan Processor
$23,962 – $49,102
Administrative Assistant
$21,320 – $43,576
Loan Processor
$21,879 – $46,622

Future Jobs

Mortgage Loan Processor
$23,962 – $49,102
Mortgage Loan Funder
$28,604 – $56,692
Senior Mortgage Loan Processor
$30,652 – $57,315


Loan Closer Jobs

 

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