Loan Closer Salary at Banco BETA

How much does a Banco Loan Closer make?

As of April 2025, the average annual salary for a Loan Closer at Banco is $37,094, which translates to approximately $18 per hour. Salaries for Loan Closer at Banco typically range from $33,380 to $40,814, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Website:
bbamericas.com
Size:
100 - 200 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

Banco is a company that operates in the Financial Services industry. It employs 101-250 people and has $25M-$50M of revenue. The company is headquartered in Miami, Florida.

See similar companies related to Banco

What Skills Does a person Need at Banco?

At Banco, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  3. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Loan Processing: The steps taken by an institution lender from the time a request for a loan application is received to the time the loan is approved or denied, including taking the application, credit investigation, evaluation of the loan and other steps.
  5. specimen processing: A specimen processor receives and processes specimens such as blood and urine samples in a laboratory, captures data and handles client and healthcare practitioner inquiries

Related Jobs

Rize Mortgage
Plantation , FL

Job Description Job Description Job Title Loan Processor Reports To Manager Job Overview A mortgage loan processor gathers, prepares, and submits relevant information to evaluate a potential loan applicant’s creditworthiness and eligibility for commercial loans or real estate loans. Loan processors meet with applicants to understand their loan product needs and liaise between applicants, real estate agents, financial institutions/ lending institutions, lending underwriters, and mortgage loan officers. They verify and evaluate loan documentation such as debt-to-income ratios, credit reports, credit history, income sources, and property documents to prepare and submit detailed loan applications and loan file packages. Most mortgage processors work at a lending institution office. Responsibilities and Duties · Interview prospective loan applicants and assist them in finding the best loan products for their needs. · Work with the borrower to gather financial information such as credit repo


Sponsored
4/5/2025 12:00:00 AM
New York Life Insurance Company
Miami , FL

New York Life Accelerated Path to Management Program Are you looking for a job where you can use your experience to propel your career into management? At New York Life, we will invest in you from the start to help you learn and grow as a financial professional first. We’ll train you in valuable skills, such as marketing, business development, and customer relationship management, and provide you with the tools you need to further your career. Then we’ll train you and provide you with access to the tools you need for a career in management. What we’re looking for We’re looking for people who want to make a lasting impact on the financial well-being of individuals, families, and small businesses—motivated people who can answer yes to one of the following questions: • Do you have sales or managerial experience in another industry? • Have you previously run your own business? • Do you have an MBA or other equivalent degree? • If so, the Accelerated Path to Management Program may be right


Sponsored
4/5/2025 12:00:00 AM
Sun West Mortgage-Since 1980
Miami , FL

Job Description Job Description We are seeking a Loan Officer to become a part of our team! You will evaluate and authorize approval of real estate, commercial, and credit loans. Responsibilities: Advise borrowers on financial status and payment methods Guide customers through the loan application process File loan applications and supporting documents Develop referral networks to locate prospects for loans Handle customer complaints and take appropriate action to resolve them Qualifications: Previous experience in finance, banking, or other related fields Familiarity with financial and lending practices Ability to build rapport with clients Strong analytical and mathematical skills Excellent written and verbal communication skills 2 + Years of Origination (Bank, Broker, Independent Mortgage Banker) Company Description Sun West Mortgage Company, Inc. is an Equal Opportunity Employer. The company and its affiliates recruit and hire qualified candidates without regard to race, religion,


Sponsored
4/4/2025 12:00:00 AM
Wahve
Miami , FL

Note: This employer is open to candidates who want to work remote. Put your Insurance Experience to work FROM HOME! AtWAHVE, we value significant insurance experience and want to revolutionize the way people think aboutphasing intoretirementby offering qualified candidates the opportunity to continue their career working from home. As we say retire from the office but not from work. Our unique platform provides you withrealwork/life balance and allows you to customize your own work schedule while continuing to utilize your insurance expertise ina remote, long-term position which includes company benefits! WHAT YOU'LL LOVE ABOUT WAHVE We created a welcoming place to work with friendly and professional leadership. We are known for the great care we take with our staff and our clients. We are passionate and determined about delivering the best customer service, preserving insurance industry knowledge, and making a difference by the work that we do. WHAT WE ARE SEEKING We have assignments


Sponsored
4/4/2025 12:00:00 AM
Moxy Miami South Beach
Miami Beach , FL

Overview: Opportunity: Accounting Clerk Verify, obtain approvals and pay invoices; bill and collect outstanding revenue in a timely, accurate manner in accordance with accounting policies and procedures. Your Growth Path Staff Accountant/Guest Service Agent Regional Accountant Controller Your Focus Prepare cash discrepancy reports. Retrieve and process deposits in accordance with hotel standards. Maintain house bank and conduct transactions according to established processes and policies. Issue and redeem cashier banks and conduct audits as needed. Process petty cash receipts and reimbursements. Assist with credit-related activities, including processing of credit applications. Provide customers with accurate and timely invoices, statements, and schedules. Maintain an efficient collection process to include an organized filing and tracing system. Monitor guest ledger, advance deposit ledger and any other related ledgers to ensure proper internal control. Be aware of guest satisfaction


Sponsored
4/4/2025 12:00:00 AM
Boats Group
Miami , FL

Job Description Job Description Loan Closer Miami, FL Are you passionate about delivering top-tier service to customers? Do you have a keen eye for detail and a strong understanding of consumer loans? At Boats Group, we’re looking for a Loan Closer who thrives in a fast-paced, customer-centric environment. As a Loan Closer, you’ll play a crucial role in assisting customers through the loan application process, ensuring accuracy, compliance, and smooth closures while collaborating with our Inside Sales and Underwriting teams. In this role, your expertise in loan management will help deliver exceptional experiences to our customers, and your ability to work across teams will ensure a seamless flow from application to closing. What You'll Do Verify Deal Accuracy: Review and confirm that all loan details and terms are consistent across the system and documents. Document Consistency: Ensure that generated documents accurately reflect agreed-upon loan terms and conditions. System Reconciliat


Sponsored
4/3/2025 12:00:00 AM
Milo
Miami , FL

About Milo: Reimagining the way global consumers access credit and financial services in a borderless world, we are the first digital home lending solution for global consumers and investors who want to buy or cash out on their US real estate. We lend directly to our consumers through a world-class digital, multi-language platform. Milo is on the mission to build a digital bank providing financial solutions for global and crypto consumers. Founded in 2019, we are a venture-backed fintech startup headquartered in beautiful Miami. We're ready to Unlock What's Possible! Are you? The Opportunity: The Milo team has an amazing opportunity for an experienced Loan Closer to join our Loan Operations team. The Loan Closer will join our Loan Operations team and will be responsible for closing loans once cleared from underwriting. The Loan Closer will finalize and send out the loan package while driving efficiencies to reduce the time it takes in closing a loan. Responsibilities Review original cl


Sponsored
4/3/2025 12:00:00 AM
Insigneo
Miami , FL

The Risk and Control team is responsible for implementing and monitoring the firm’s internal risk management, independence and compliance testing of policies and procedures. The Risk Associate role is to be a solutions-minded team member responsible for performing surveillance, monitoring, exam, and threshold reviews of policies and procedures of the firm to assist in the proper risk review, analysis, and mitigating efforts to reduce any firm exposure. JOB RESPONSIBILITIES/MAIN FUNCTIONS Assist with the surveillance and monitoring all critical or major risks to the firm that need periodic review and measurement. Assist with analyzing, approval, and monitoring counterparty risk and trading limits on a per account and firm level. Prove assistance to business units in the identification, development, and evaluation of business areas' risks and controls. Assist with the assessments of business risks and controls via targeted exam processes. Assist with performing Branch examinations when n


Sponsored
4/1/2025 12:00:00 AM

Check more jobs information at Banco

Job Title Average Banco Salary Hourly Rate
2 Branch Manager $65,425 $31
3 BSA and AML Analyst $91,480 $44
4 Commercial Lending Assistant $48,388 $23
5 Credit Specialist II $42,586 $20
6 Executive Assistant $76,966 $37
7 Executive Vice President $282,640 $136
8 IT Support Analyst $60,056 $29
9 Manager, Marketing $104,516 $50
10 Middle Office Analyst $90,630 $44
11 Network Administrator $90,900 $44
12 Residential Mortgage Underwriter $77,415 $37

Hourly Pay at Banco

The average hourly pay at Banco for a Loan Closer is $18 per hour. The location, department, and job description all have an impact on the typical compensation for Banco positions. The pay range and total remuneration for the job title are shown in the table below. Banco may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $37,094 look to you?

FAQ about Salary and Jobs at Banco

1. How much does Banco pay per hour?
The average hourly pay is $18. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Banco?
According to the data, the highest approximate salary is about $40,814 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Banco?
According to the data, the lowest estimated salary is about $33,380 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.