How much does a Mortgage Loan Closer make?

Updated Oct 18, 2021

Industry

Employer Size

Experience

$49,602 /yr
Average Base Pay

295 salaries

$38K

Low

$50K

Average

$65K

High

No additional cash compensation has been reported for this role

The national average salary for Mortgage Loan Closer is $49,602 per year in United States. Filter by location to see Mortgage Loan Closer salaries in your area. Salaries estimates are based on 295 salaries submitted anonymously to Glassdoor by Mortgage Loan Closer employees.

Seniority Levels

L2
Loan Processor$48,076 /yr
L3
Senior Loan Processor$58,184 /yr
L4
Loan Processor IV$46,758 /yr
Career Path

Related Job Titles

Mortgage Loan Processor

$47,798

per year

Loan Processor

$48,076

per year

Mortgage Closer

$54,003

per year

Mortgage Loan Processor/Closer

$47,422

per year

Salaries by Company

Location

or

Find a Specific Employer

Sort:

Company

Average Base Salary in (USD)

Range

Wells Fargo
3.6

Wells Fargo

Mortgage Loan Closer

$48,781

 /yr
Range: $44K - $59K
17 salaries
See 17 salaries from all locations

$44K

$59K

$44,282 - $59,313 Range

Bank of America
4

Bank of America

Mortgage Loan Closer - Hourly

$26

 /hr
Range: $20 - $34

$20

$34

$20 - $34 Range

Freedom Mortgage
3.8

Freedom Mortgage

Mortgage Loan Closer

$52,451

 /yr
Range: $45K - $61K

$45K

$61K

$45,054 - $60,840 Range

Caliber Home Loans
3.7

Caliber Home Loans

Mortgage Loan Closer - Hourly

$28

 /hr
Range: $25 - $30

$25

$30

$25 - $30 Range

NVR
3.9

NVR

Mortgage Loan Closer

$49,515

 /yr
Range: $45K - $54K

$45K

$54K

$45,039 - $54,185 Range

J.P. Morgan
4

J.P. Morgan

Mortgage Loan Closer - Hourly

$23

 /hr
Range: $22 - $28

$22

$28

$22 - $28 Range

State Farm
3.6

State Farm

Mortgage Loan Closer

$42,117

 /yr
Range: $37K - $45K

$37K

$45K

$36,553 - $45,431 Range

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Citi
3.9

Citi

Mortgage Loan Closer

$47,959

 /yr
Range: $46K - $50K

$46K

$50K

$45,786 - $49,580 Range

U.S. Bank
3.7

U.S. Bank

Mortgage Loan Closer - Hourly

$23

 /hr
Range: $21 - $25

$21

$25

$21 - $25 Range

United Wholesale Mortgage (UWM)
3

United Wholesale Mortgage (UWM)

Mortgage Loan Closer - Hourly

$19

 /hr
Range: $17 - $19

$17

$19

$17 - $19 Range

PennyMac
3.8

PennyMac

Mortgage Loan Closer - Hourly

$21

 /hr
Range: $18 - $27

$18

$27

$18 - $27 Range

CrossCountry Mortgage
3.6

CrossCountry Mortgage

Mortgage Loan Closer - Hourly

$29

 /hr
Range: $21 - $40

$21

$40

$21 - $40 Range

Prosperity Home Mortgage
3.8

Prosperity Home Mortgage

Mortgage Loan Closer

$49,200

 /yr
Range: $47K - $54K

$47K

$54K

$46,572 - $53,522 Range

PNC Financial Services Group
3.7

PNC Financial Services Group

Mortgage Loan Closer

$40,736

 /yr
Range: $40K - $48K

$40K

$48K

$40,442 - $48,355 Range

Huntington National Bank
3.9

Huntington National Bank

Mortgage Loan Closer

$44,612

 /yr
Range: $41K - $54K

$41K

$54K

$41,122 - $53,817 Range

loanDepot
3.9

loanDepot

Mortgage Loan Closer - Hourly

$24

 /hr
Range: $24 - $29

$24

$29

$24 - $29 Range

Cardinal Financial Company
4

Cardinal Financial Company

Mortgage Loan Closer

$56,054

 /yr
Range: $51K - $59K

$51K

$59K

$50,640 - $58,520 Range

Urban Lending Solutions
2.2

Urban Lending Solutions

Mortgage Loan Closer

$51,803

 /yr
Range: $46K - $54K

$46K

$54K

$45,949 - $54,309 Range

DHI Mortgage
4.3

DHI Mortgage

Mortgage Loan Closer

$42,526

 /yr
Range: $42K - $50K

$42K

$50K

$41,564 - $50,448 Range

Eagle Home Mortgage
2.9

Eagle Home Mortgage

Mortgage Loan Closer

$58,190

 /yr
Range: $46K - $58K

$46K

$58K

$46,136 - $58,197 Range

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Frequently asked questions about a Mortgage Loan Closer salaries

The national average salary for a Mortgage Loan Closer is $49,602 per year in United States. Filter by location to see a Mortgage Loan Closer salaries in your area. Salaries estimates are based on 295 salaries submitted anonymously to Glassdoor by a Mortgage Loan Closer employees.

The highest salary for a Mortgage Loan Closer in United States is $64,905 per year.

The lowest salary for a Mortgage Loan Closer in United States is $37,907 per year.

If you are thinking of becoming a Mortgage Loan Closer or planning the next step in your career, find details about the role, the career path and salary trajectory of a Mortgage Loan Closer.

Recent Salary Reports

Below are the most recent mortgage loan closer salary reports. Employer name has been removed to protect anonymity.

$21
hourly
A Consumer Loan Processor in the Portland, OR Area area reported making $21 per hour
Additional Pay
$3k cash bonus
Job Highlights
3-4 years experience
Portland, OR Area area
 
Full-time
201 to 500 employees
$40,000
per year
A Closing Coordinator in the Houston, TX Area area reported making $40,000 per year
Job Highlights
Houston, TX Area area
Full-time
 
1001 to 5000 employees
Company - Public
$30
hourly
A Mortgage Loan Processor in the Reading, PA Area area reported making $30 per hour
Job Highlights
10+ years experience
Reading, PA Area area
Full-time
 
501 to 1000 employees
Company - Private
$20
hourly
A Loan Processor in the Allentown, PA Area area reported making $20 per hour
Job Highlights
5-7 years experience
Allentown, PA Area area
Full-time
 
10000+ employees
Company - Public
$18
hourly
A Credit Processor in the Phoenix, AZ Area area reported making $18 per hour
Job Highlights
Phoenix, AZ Area area
Full-time
 
5001 to 10000 employees
Company - Private
$28
hourly
A Mortgage Loan Processor in the Atlanta, GA Area area reported making $28 per hour
Additional Pay
$547k cash bonus
Job Highlights
5-7 years experience
Atlanta, GA Area area
Full-time
 
10000+ employees
Company - Public
$45,000
per year
A Mortgage Loan Closer in the Reno, NV Area area reported making $45,000 per year
Additional Pay
$5k cash bonus
Job Highlights
1-2 years experience
Reno, NV Area area
Full-time
 
201 to 500 employees
Company - Private
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