Mortgage Loan Closer salary in United States Of America

Average Yearly Salary of Mortgage Loan Closer in United States Of America is approximately 48,844 USD (48,752 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

How much does Mortgage Loan Closer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

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 53,728 USD and 70,824 USD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Mortgage Loan Closer in United States Of America?

Living in United States Of America the approximate monthly expenses are: 2,280 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: 48,844 USD
Estimated Monthly Salary: 4,070 USD
Estimated Weekly Salary: 939 USD per week
Estimated Hourly Salary: 23 USD per hour
By working as Mortgage Loan Closer a person can save up to 1,783 USD per month or 21,392 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 United States Of America, see costs of living in United States Of America.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Canada, Mexico.
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

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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