As of March 01, 2025, the average annual salary for a Loan Closer in Passaic, NJ is $59,400. Salary.com reports that pay typically ranges from $53,100 to $67,500, with most professionals earning between $47,364 and $74,875.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $67,500 | $5,625 | $1,298 | $32 |
| Average | $59,400 | $4,950 | $1,142 | $29 |
| 25th Percentile | $53,100 | $4,425 | $1,021 | $26 |
An entry-level Loan Closer with under 1 year experience makes about $56,545. With less than 2 years of experience, a mid-level Loan Closer makes around $57,658. After 2-4 years, the Loan Closer pay rises to about $60,630. Those senior Loan Closer with 5-8 years of experience earn roughly $62,554, and those Loan Closer having 8 years or more experience are expected to earn about $62,795 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Closer | $56,545 |
| Intermediate Level Loan Closer | $57,658 |
| Senior Level Loan Closer | $60,630 |
| Specialist Level Loan Closer | $62,554 |
| Expert Level Loan Closer | $62,795 |
| Entry Level | 5% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 6% |
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