Loan Closing Officer Salaries in Massachusetts
How Much Does a Loan Closing Officer Make in Massachusetts?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Closing Officer in Massachusetts is $72,822.
While Salary.com is seeing that Loan Closing Officer salary in MA can go up to $95,033
or down to $52,029, but most earn between $61,938 and $84,448.
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 |
|---|---|---|
|
BlueHub Capital
Construction Loan and Closing Specialist
|
$102,645/yr
|
RANGE: $90,037 - $115,254
|
|
Ross Mortgage Co Inc
Loan Officer
|
$67,448/yr
|
RANGE: $60,771 - $74,124
|
|
Jobot
Loan Officer
|
$85,528/yr
|
RANGE: $76,858 - $94,199
|
|
First Priority Credit Union
Loan Officer
|
$70,144/yr
|
RANGE: $63,535 - $76,754
|
|
First Horizon National Corporation
Loan Closing Officer
|
$58,474/yr
|
RANGE: $52,739 - $64,210
|
|
Bank Rhode Island
Commercial Loan Closing Manager ~ Boston, MA
|
$125,073/yr
|
RANGE: $110,791 - $139,354
|
|
Reading Co-Operative
Commercial Loan Officer
|
$100,543/yr
|
RANGE: $89,640 - $111,446
|
|
Citizens
CRA Loan Officer
|
$135,581/yr
|
RANGE: $118,868 - $152,294
|
|
Make Your Move
Commercial Loan Officer (C&I)
|
$108,575/yr
|
RANGE: $95,261 - $121,889
|
|
Nextgen Mortgage Inc.
Mortgage Loan Officer
|
$89,250/yr
|
RANGE: $79,572 - $98,929
|
Top 10 Highest Paying Cities For Loan Closing Officer Jobs in Massachusetts
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Closing Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Closing Officer job salaries in Massachusetts.
Some cities can pay higher salaries for Loan Closing Officer jobs, which can indicate that there is a large demand for Loan Closing Officer positions in this city.
The following table shows top 10 cities where the Loan Closing Officer salary is higher than other cities in Massachusetts.
Boston takes first place in this list, followed by Cambridge, Waltham.
The Loan Closing Officer salary is $74,629 in Boston,
which is higher than the national average. There are 36 cities' Loan Closing Officer salary higher than national average in Massachusetts.
The average salary for a Loan Closing Officer in Massachusetts is $72,822,
but we found that the city with the highest salary for Loan Closing Officer jobs is Boston, MA, and it is higher than Cambridge.
Loan Closing Officer jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Boston | $74,629 | $6,219 | $1,435 | $36 |
| Cambridge | $74,629 | $6,219 | $1,435 | $36 |
| Waltham | $74,629 | $6,219 | $1,435 | $36 |
| Newton | $74,629 | $6,219 | $1,435 | $36 |
| Arlington | $74,629 | $6,219 | $1,435 | $36 |
| Brookline | $74,629 | $6,219 | $1,435 | $36 |
| Lynn | $74,629 | $6,219 | $1,435 | $36 |
| Malden | $74,629 | $6,219 | $1,435 | $36 |
| Medford | $74,629 | $6,219 | $1,435 | $36 |
| Quincy | $74,629 | $6,219 | $1,435 | $36 |
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 Massachusetts?
The Loan Closing Officer salary range is from $61,938 to $84,448, and the average Loan Closing Officer salary is $72,822/year in Massachusetts.
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.
