As of March 01, 2025, the average annual salary for a Mortgage Closer in the United States is $51,557. According to Salary.com, salaries can range from a low of $41,130 to a high of $65,059, with most professionals earning between $46,099 and $58,624.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,624 | $4,885 | $1,127 | $28 |
| Average | $51,557 | $4,296 | $991 | $25 |
| 25th Percentile | $46,099 | $3,842 | $887 | $22 |
An entry-level Mortgage Closer with less than 1 year of experience earns about $49,111. With 1-2 years of experience, the average salary increases to $50,075. For 2-4 years of experience, the pay typically rises to $52,649. Senior-level professionals with 5-8 years of experience earn around $54,315, and those with over 8 years of experience can expect an average of $54,524.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Closer | $49,111 |
| Intermediate Level Mortgage Closer | $50,075 |
| Senior Level Mortgage Closer | $52,649 |
| Specialist Level Mortgage Closer | $54,315 |
| Expert Level Mortgage Closer | $54,524 |
| Entry Level | 5% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 6% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Mortgage Closer compensation over the past six years. For example, the median salary increased from $48,065 in 2023 to approximately $47,548 in 2024. (For a detailed analysis of Mortgage Closer salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Mortgage Closer information for you to search for. Click on search button below to see Mortgage Closer job openings or enter a new job title here.
Here are companies hiring for Mortgage Closer and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $51,557 | 67.7% | ||
| Bonus | $2,010 | 2.6% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,098 | 5.4% | ||
| 401K/403B | $2,518 | 3.3% | ||
| Disability | $429 | 0.6% | ||
| Healthcare | $6,056 | 7.9% | ||
| Pension | $2,946 | 3.9% | ||
| Time Off | $6,593 | 8.7% | ||
| Total Compensation | $76,205 | 100% | ||
The average annual salary of Mortgage Closer is $51,557. In case you are finding an easy salary calculator, the average hourly pay of Mortgage Closer is $25; the average weekly pay of Mortgage Closer is $991; the average monthly pay of Mortgage Closer is $4,296.
A Mortgage Closer'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 earns the most in San Jose, CA, where the annual salary of a Mortgage Closer is $64,703.
The highest pay for Mortgage Closer is $65,059.
The lowest pay for Mortgage Closer is $41,130.
Mortgage Closer reviews all submitted material and prepares closing documents for mortgage loans. Maintains loan files and verifies information is correct, accurate, and complete. Being a Mortgage Closer gathers missing information as needed and acquires necessary signatures. Performs final closing calculations and coordinates the closing of loans and disbursement of loan funds. Additionally, Mortgage Closer ensures all documents are sent to appropriate departments and are in compliance with all regulations. Requires a high school diploma. Typically reports to a supervisor. The Mortgage Closer works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Closer typically requires 1-3 years of related experience.
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.
