Home > Salary > Iraq > Mortgage Loan Closer
A mortgage loan closer is responsible for finalizing the loan process by coordinating all necessary documents and ensuring compliance with lending regulations. They work closely with borrowers, lenders, and title companies to ensure a smooth closing process. The main duties include reviewing loan documents, verifying accuracy, calculating loan amounts, preparing closing statements, and coordinating the signing of all required paperwork. Mortgage loan closers must have a strong attention to detail, excellent organizational skills, and a thorough understanding of mortgage lending procedures. They must also have good communication skills to effectively communicate with all parties involved in the closing process. This occupation requires knowledge of mortgage laws and regulations, as well as proficiency in relevant software and systems.
Estimated Yearly Salary: 7,632,880 IQD
Estimated Monthly Salary: 636,073 IQD
Estimated Weekly Salary: 146,786 IQD per week
Estimated Hourly Salary: 3,670 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 613,795 IQD
Estimated Weekly Salary: 141,645 IQD per week
Estimated Hourly Salary: 3,541 IQD per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 5,145 USD
Estimated Monthly Salary: 429 USD
Estimated Weekly Salary: 99 USD per week
Estimated Hourly Salary: 2 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: 7,632,880 IQD
Estimated Monthly Salary: 636,073 IQD
Estimated Weekly Salary: 146,786 IQD per week
Estimated Hourly Salary: 3,670 IQD per hour
By working as Mortgage Loan Closer a person can save up to 189 USD per month or 2,265 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Mortgage Loan Closer
Last revision of data: 2025-01-04
Data as of 2025
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Mortgage Loan Closer salary in Iraq
Average Yearly Salary of Mortgage Loan Closer in Iraq is approximately 7,632,880 IQD (5,145 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 Mortgage Loan Closer do?
A mortgage loan closer is responsible for finalizing the loan process by coordinating all necessary documents and ensuring compliance with lending regulations. They work closely with borrowers, lenders, and title companies to ensure a smooth closing process. The main duties include reviewing loan documents, verifying accuracy, calculating loan amounts, preparing closing statements, and coordinating the signing of all required paperwork. Mortgage loan closers must have a strong attention to detail, excellent organizational skills, and a thorough understanding of mortgage lending procedures. They must also have good communication skills to effectively communicate with all parties involved in the closing process. This occupation requires knowledge of mortgage laws and regulations, as well as proficiency in relevant software and systems.
Skills: mortgage loan closer, loan processing, closing process, compliance, documentation, attention to detail
Job industry: Finance and mortgage
Job industry: Finance and mortgage
How much does Mortgage Loan Closer make?
Salary details
How much does Mortgage Loan Closer make?Estimated Yearly Salary: 7,632,880 IQD
Estimated Monthly Salary: 636,073 IQD
Estimated Weekly Salary: 146,786 IQD per week
Estimated Hourly Salary: 3,670 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,365,540 IQDEstimated Monthly Salary: 613,795 IQD
Estimated Weekly Salary: 141,645 IQD per week
Estimated Hourly Salary: 3,541 IQD per hour
Last revision of data: 2024-01-08Mortgage Loan Closer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,145 USD
Estimated Monthly Salary: 429 USD
Estimated Weekly Salary: 99 USD per week
Estimated Hourly Salary: 2 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
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Country:
Salary comparison to National average
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Closer job salary compared to average salary in Iraq.
Comparison shows that a person working as Mortgage Loan Closer in Iraq earns on average:
0.94 times the average salary (or 94% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Mortgage Loan Closer job salary compared to average salary in Iraq.
Comparison shows that a person working as Mortgage Loan Closer in Iraq earns on average:
0.94 times the average salary (or 94% of average salary).
Is Mortgage Loan Closer a well paid job?
Yes, our data show that Mortgage 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 Mortgage Loan Closer?
High salary for Mortgage Loan Closer would be somewhere between 8,396,168 IQD and 11,067,676 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Mortgage Loan Closer in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 7,632,880 IQD
Estimated Monthly Salary: 636,073 IQD
Estimated Weekly Salary: 146,786 IQD per week
Estimated Hourly Salary: 3,670 IQD per hour
By working as Mortgage Loan Closer a person can save up to 189 USD per month or 2,265 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Mortgage Loan Closer
Iran is 6,768 USD
Jordan is 8,171 USD
Kuwait is 11,516 USD
Saudi Arabia is 23,568 USD
Syria is 3,145 USD
Turkey is 9,077 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Occupational safety manager (12,503,634 IQD per year, pre-tax.)
Breeding manager (7,696,525 IQD per year, pre-tax.)
Certified coding specialist (ccs) (5,479,734 IQD per year, pre-tax.)
Chief development officer (cdo) (14,636,657 IQD per year, pre-tax.)
Diagnostic medical sonographer (11,340,264 IQD per year, pre-tax.)
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