Loan Closing Officer Salaries in the United States
How Much Does a Loan Closing Officer Make?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Closing Officer in the United States is $66,914.
While Salary.com is seeing that Loan Closing Officer salary in the US can go up to $87,323
or down to $47,807, but most earn between $56,913 and $77,597.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Loan Closing Officer
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Similar Job Salaries to Loan Closing Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Comerica Bank
Loan Closing Officer
|
$67,886/yr
|
RANGE: $61,227 - $74,545
|
|
First Horizon
Loan Closing Officer
|
$58,474/yr
|
RANGE: $52,739 - $64,210
|
|
NVR Inc
Closing Officer
|
$50,932/yr
|
RANGE: $46,287 - $55,577
|
|
StraussGroup - Executive Search Consultants
Closing Officer
|
$59,221/yr
|
RANGE: $53,286 - $65,156
|
|
Schmitt Title, LLC
Closing Officer
|
$44,157/yr
|
RANGE: $40,263 - $48,051
|
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Farm Credit Northwest Florida
Loan Processing & Closing Specialist
|
$51,373/yr
|
RANGE: $46,263 - $56,483
|
|
Wells Fargo
Commercial Loan Closing Specialist
|
$87,908/yr
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RANGE: $79,296 - $96,520
|
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Brio Real Estate, a Blackstone Portfolio Company
Associate, Loan Closing
|
$57,371/yr
|
RANGE: $51,720 - $63,023
|
|
Wells Fargo
Commercial Loan Closing Associate
|
$91,159/yr
|
RANGE: $80,246 - $102,073
|
What Does a Loan Closing Officer Do?
In other words, a mortgage broker is a type of mortgage business, while a loan officer is a salesperson paid to give you the information needed to choose a mortgage that fits your needs.
Updated December 22, 2021
A mortgage broker works with many lenders to find you loan programs with the best rates, terms and lowest closing costs for your situation, but the broker doesn’t actually lend you money.
Updated December 21, 2021
Both mortgage brokers and mortgage banks pay loan officers a fixed percentage of the loan amount, although there may be variations, Andrews said.
Updated December 20, 2021
LO Connect’s intutive design and powerful automation helps your loan officers accomplish common tasks with ease, including:.
Updated December 17, 2021
Loan officers are knowledgable about all of the various types of loans offered by the financial institutions they represent and can advise borrowers on the best options for their needs.
Updated December 16, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Closing Officer Salaries
What is the average of a Loan Closing Officer in the United States?
The Loan Closing Officer salary range is from $56,913 to $77,597, and the average Loan Closing Officer salary is $66,914/year in the United States.
The Loan Closing Officer's salary will change in different locations.
Which location pays the highest Loan Closing Officer salary in the United States?
The Loan Closing Officer salary in San Jose, CA is $84,398
which is the highest in the US.
What kinds of reasons will influence the Loan Closing Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Loan Closing Officer.
What is the growth rate of the Loan Closing Officer's salary?
If you are thinking of becoming a Loan Closing Officer or planning the next step in your career, find the detailed salary report of a Loan Closing Officer.
Recent Salary Report
Below are the most recent Loan Closing Officer salary reports. Employer name has been removed to protect anonymity.
$78,630
Yearly
A Loan Closing Officer in Evanston, IL reported making $78,630 per year
Evanston, IL
6 - 1,000 employees
Full-Time
Company - Private
$30
Hourly
A Loan Closing Officer in Las Vegas, NV reported making $30 per hour
Las Vegas, NV
7,6 - 15,000 employees
Part-Time
Company - Public
$6,380
Monthly
A Loan Closing Officer in Colchester, VT reported making $6,380 per month
Colchester, VT
1,000 - 3,000 employees
Full-Time
Company - Public
$53,857
Yearly
A Loan Closing Officer in Deadwood, SD reported making $53,857 per year
Deadwood, SD
100 - 200 employees
Full-Time
Company - Private
$29
Hourly
A Loan Closing Officer in Schaumburg, IL reported making $29 per hour
Schaumburg, IL
3,000 - 7,6 employees
Part-Time
Company - Public
$83,968
Yearly
A Loan Closing Officer in Allentown, PA reported making $83,968 per year
Allentown, PA
200 - 6 employees
Full-Time
Company - Private
