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Mortgage Closer III Salary in the United States

How much does a Mortgage Closer III make in the United States?

As of September 01, 2026, the average salary for a Mortgage Closer III in the United States is $56,178 per year, which breaks down to an hourly rate of $27.

However, a Mortgage Closer III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $66,443
  • Majority Range (25th-75th percentile): $50,158 to $61,551
  • Entry-Level (10th percentile): $44,677
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Mortgage Closer III Salaries

A Mortgage Closer III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Mortgage Closer III Salaries?

Experience is a primary driver of a Mortgage Closer III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Mortgage Closer (1-3 years): $50,473
  • Mortgage Closer III (3-5 years): $56,178
  • Mortgage Closing Manager (5+ years): $81,798
Job Role Years of Experience Average Salary
Mortgage Closer1-3 years$50,473
Mortgage Closer III3-5 years$56,178
Mortgage Closing Manager5+ years$81,798
View as Graph

How Do Mortgage Closer III Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Mortgage Closer IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $62,200.
  • California: $61,964.
  • Massachusetts: $61,139.

Top Paying Cities for Mortgage Closer IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $70,857
  • San Francisco: $70,081
  • Oakland: $68,605

What Skills Can Increase a Mortgage Closer III's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 9.91% Job Postings): 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.
  • Accounting (Mentioned in 2.82% Job Postings): Creating financial statements and reports based on the summary of financial and business transactions.
  • Microsoft Word (Mentioned in 0.99% Job Postings): Microsoft Word or MS Word is a popular word-processing program used mainly for creating documents, such as brochures, letters, learning activities, quizzes, tests, and students' homework assignments
Skills Demand Percentage
Customer Service 9.91%
Accounting 2.82%
Microsoft Word 0.99%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Mortgage Closer III's salary.

  • Due Diligence: Can increase your salary by up to 30%.
  • Analytical Skills: Can increase your salary by up to 22%.
  • Financial Services: Can increase your salary by up to 21%.
Skill Salary Salary % Increase
Due Diligence $73,031
30%
Analytical Skills $68,537
22%
Financial Services $67,975
21%
Get Latest Data

Mortgage Closer III Salary by Company Size: Startups vs. Enterprise

Mortgage Closer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $59,888. While startup companies pay approximate $50,825.

Mortgage Closer III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $50,825
Growth Stage 51~500 $53,719
Established 501~5000 $57,873
Enterprise 5000+ $59,888

Mortgage Closer III Salary by Industry: Top Paying Sectors

For Mortgage Closer III roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 20% above the average. Conversely, Mortgage Closer positions in Business Services typically offer lower base pay, as this sector often view Mortgage Closer III as a support function rather than a direct revenue driver.

The top paying industry for a Mortgage Closer III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$67,414$32.020%

How Education impacts a Mortgage Closer III's Salary?

Your level of education can impact your salary potential. While many Mortgage Closer III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Mortgage Closer III with a Bachelor's Degree is between $54,657 and $58,503.

Mortgage Closer III Salaries by Degree Level

Typical Education for Mortgage Closer III
Degree Level % of user with this level of education
No Diploma 1.2%
High School 46.3%
Associates 20.1%
Bachelors 30.7%
Masters 1.6%
Doctorate 0.0%
View as Graph

Mortgage Closer III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage Closer III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026
$50,158
Average $56,178/year
$61,551
$4,180
Average $4,682/month
$5,129
$965
Average $1,080/week
$1,184
$24
Average $27/hour
$30
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $61,551 $5,129 $1,184 $30
Average $56,178 $4,682 $1,080 $27
25th Percentile $50,158 $4,180 $965 $24

Mortgage Closer III Salary Growth & Career Path

Mortgage Closer III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Mortgage Closer III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Mortgage Closing Supervisor $69,495 24%
Loan Processing Supervisor $64,085 14%

Most common benefits for Mortgage Closer III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Mortgage Closer III

Here are companies hiring for Mortgage Closer III and their salaries, click below for more details.

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FAQ about Mortgage Closer III

1. Where can a Mortgage Closer III earn the most?

A Mortgage Closer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Closer III earns the most in San Jose, CA, where the annual salary of a Mortgage Closer III is $70,857.

2. What is the highest pay for Mortgage Closer III?

The highest pay for Mortgage Closer III is $66,443.

3. What is the lowest pay for Mortgage Closer III?

The lowest pay for Mortgage Closer III is $44,677.

4. What are the responsibilities of Mortgage Closer III?

Coordinates and finalizes mortgage loan closings by preparing accurate closing documentation and ensuring compliance with lending regulations and company policies. Drives the signing, funding, and closing of mortgage loan applications. Prepares closing disclosures, settlement statements, and other required closing documents in accordance with regulatory guidelines. Communicates with borrowers, title companies, attorneys, and loan officers to coordinate closing schedules and resolve documentation issues. Ensures that executed closing documents are properly completed and submitted for funding and post-closing processing. Requires a high school diploma. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

5. What industry pays the highest salary for Mortgage Closer III?

The Edu., Gov't. & Nonprofit industry offers the highest average compensation for Mortgage Closer III roles, with salaries approximately 20% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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