As of December 01, 2024, the average annual pay of Mortgage Closer in Memphis, TN is $47,932. While Salary.com is seeing that the highest pay for Mortgage Closer in Memphis, TN can go up to $60,480 and the lowest down to $38,238, but most earn between $42,857 and $54,500. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Closer in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $58,164 | $4,847 | $1,119 | $28 |
| Average | $51,154 | $4,263 | $984 | $25 |
| 25th Percentile | $45,739 | $3,812 | $880 | $22 |
An entry-level Mortgage Closer with under 1 year experience makes about $46,017. With less than 2 years of experience, a mid-level Mortgage Closer makes around $46,921. After 2-4 years, the Mortgage Closer pay rises to about $49,333. Those senior Mortgage Closer with 5-8 years of experience earn roughly $50,893, and those Mortgage Closer having 8 years or more experience are expected to earn about $51,089 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Closer | $46,017 |
| Intermediate Level Mortgage Closer | $46,921 |
| Senior Level Mortgage Closer | $49,333 |
| Specialist Level Mortgage Closer | $50,893 |
| Expert Level Mortgage Closer | $51,089 |
| Entry Level | 10% |
| Mid Level | 8% |
| Senior Level | 4% |
| Top Level | 1% |
| Experienced | 0% |
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