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.
Average annual salary for a Mortgage Loan Closer is $39990 based on statistics in the U.S. as of 2015. The highest salary recorded was $52360. The lowest salary reported was $29586. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Mortgage Loan Closer is $16.655 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $19.06. The lowest hourly rate recorded was $14.25. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Mortgage Loan Closer are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $2800 from people with 15+ years of experience. The average bonus recorded was $0 from people with under 1 year of experience.
These are the highest paying states for a Mortgage Loan Closer. These numbers are based of the median annual salary as of 2015.
California – $30,521 – $58,326 Florida – $30,201 – $53,274 Illinois – $28,000 – $48,187 Michigan – $30,550 – $40,625 Ohio – $34,988 – $41,546 Texas – $27,000 – $55,000 Virginia – $33,531 – $41,271
These are the highest paying cities for a Mortgage Loan Closer. These numbers are based of the median annual salary as of 2015.
Chicago, Illinois – Dallas, Texas – Richmond, Virginia – San Diego, California – Pittsburgh, Pennsylvania – Seattle, Washington – Charlotte, North Carolina –
This chart outlines the average annual salary of a Mortgage Loan Closer from the past 5 years. In 2015 the average annual salary was $39990 while in 2007 it was just $37086.03
Job Outlook
Gender Statistics
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15%
85%
Based on our stats gathered across the U.S. 15% of Mortgage Loan Closers were males while 85% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.
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