Home > Salary > Ecuador > Loan Closer
A loan closer is responsible for finalizing the details of a loan transaction and ensuring all necessary documents are completed accurately and in compliance with regulations. This occupation requires strong attention to detail, organization, and knowledge of loan processing procedures. Loan closers work closely with lenders, borrowers, and other parties involved in the loan process to coordinate and facilitate the closing of loans. They review loan applications, verify information, prepare loan documents, calculate loan amounts, and coordinate the signing of documents. Loan closers must have a thorough understanding of loan products, underwriting guidelines, and legal requirements.
Estimated Yearly Salary: 181,553,450 ECS
Estimated Monthly Salary: 15,129,454 ECS
Estimated Weekly Salary: 3,491,413 ECS per week
Estimated Hourly Salary: 87,285 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,583,124 ECS
Estimated Weekly Salary: 3,365,336 ECS per week
Estimated Hourly Salary: 84,133 ECS per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 6,398 USD
Estimated Monthly Salary: 533 USD
Estimated Weekly Salary: 123 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 181,553,450 ECS
Estimated Monthly Salary: 15,129,454 ECS
Estimated Weekly Salary: 3,491,413 ECS per week
Estimated Hourly Salary: 87,285 ECS per hour
By working as Loan Closer a person can save up to 281 USD per month or 3,369 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Loan Closer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Farm labor contractor (102,657,278 ECS per year, pre-tax.)
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Loan Closer salary in Ecuador
Average Yearly Salary of Loan Closer in Ecuador is approximately 181,553,450 ECS (6,398 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Closer do?
A loan closer is responsible for finalizing the details of a loan transaction and ensuring all necessary documents are completed accurately and in compliance with regulations. This occupation requires strong attention to detail, organization, and knowledge of loan processing procedures. Loan closers work closely with lenders, borrowers, and other parties involved in the loan process to coordinate and facilitate the closing of loans. They review loan applications, verify information, prepare loan documents, calculate loan amounts, and coordinate the signing of documents. Loan closers must have a thorough understanding of loan products, underwriting guidelines, and legal requirements.
Skills: Loan Closer, Loan Processing, Loan Documentation, Mortgage Closing, Compliance, Loan Coordination.
Job industry: Finance
Job industry: Finance
How much does Loan Closer make?
Salary details
How much does Loan Closer make?Estimated Yearly Salary: 181,553,450 ECS
Estimated Monthly Salary: 15,129,454 ECS
Estimated Weekly Salary: 3,491,413 ECS per week
Estimated Hourly Salary: 87,285 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 174,997,490 ECSEstimated Monthly Salary: 14,583,124 ECS
Estimated Weekly Salary: 3,365,336 ECS per week
Estimated Hourly Salary: 84,133 ECS per hour
Last revision of data: 2024-01-08Loan Closer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,398 USD
Estimated Monthly Salary: 533 USD
Estimated Weekly Salary: 123 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Closer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Closer in Ecuador earns on average:
1.11 times the average salary (or 111% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Closer job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Closer in Ecuador earns on average:
1.11 times the average salary (or 111% of average salary).
Is Loan Closer a well paid job?
Yes, our data show that Loan Closer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Closer?
High salary for Loan Closer would be somewhere between 199,708,795 ECS and 263,252,503 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Closer in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 181,553,450 ECS
Estimated Monthly Salary: 15,129,454 ECS
Estimated Weekly Salary: 3,491,413 ECS per week
Estimated Hourly Salary: 87,285 ECS per hour
By working as Loan Closer a person can save up to 281 USD per month or 3,369 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Closer
Colombia is 6,595 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Lead systems engineer (286,336,657 ECS per year, pre-tax.)
Tax associate (150,387,478 ECS per year, pre-tax.)
Legal billing specialist (185,489,720 ECS per year, pre-tax.)
Farm labor contractor (102,657,278 ECS per year, pre-tax.)
Food batchmaker (99,174,668 ECS per year, pre-tax.)
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