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The Average Salary of a Mortgage Closer

Growth Trends for Related Jobs

A mortgage closer acts as the final loan officer in the mortgage process. This individual will verify that all information within the mortgage application and packet is correct, ensuring that all necessary legal documents have been obtained for the property transfer. Once the packet is accurate and complete, the closer will then schedule the mortgage closing between the seller and buyer, as well as the closing attorney. After the documents have been signed, the mortgage closer is then responsible for ensuring that all documentation is filed with the appropriate officials.

Salary Information

The median nationwide salary for this position, as of 2013, was $36,050, reports O*Net Online. That figure is up slightly from the previous year's estimates. Salary varies greatly depending on location, educational background and experience. For example, mortgage closers in New York and California average between $39,000 and $42,000 annually, while individuals in the southeast could expect to make $30,000 annually on average.

2016 Salary Information for Financial Clerks

Financial clerks earned a median annual salary of $38,420 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, financial clerks earned a 25th percentile salary of $31,470, meaning 75 percent earned more than this amount. The 75th percentile salary is $47,230, meaning 25 percent earn more. In 2016, 1,440,400 people were employed in the U.S. as financial clerks.

References

About the Author

Based in central Georgia, Louise Bennett has been writing professionally since 1999. Her business, financial and career articles have appeared in hundreds of print and online publications. She received a bachelor’s degree from Columbus State University. An avid reader, Bennett is currently working on her first novel.

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