Loan Closing Officer Salaries in Maryland
How Much Does a Loan Closing Officer Make in Maryland?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Closing Officer in Maryland is $68,936.
While Salary.com is seeing that Loan Closing Officer salary in MD can go up to $89,966
or down to $49,236, but most earn between $58,624 and $79,944.
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 |
|---|---|---|
|
NVR Inc
Closing Officer
|
$55,126/yr
|
RANGE: $46,881 - $63,371
|
|
Newrez LLC
LOAN OFFICER
|
$72,781/yr
|
RANGE: $61,922 - $83,640
|
|
Paramount Residential Mortgage Group
Loan Officer
|
$96,039/yr
|
RANGE: $76,036 - $116,042
|
|
Mortgage Calculator Company LLC
Loan Officer
|
$109,557/yr
|
RANGE: $87,330 - $131,784
|
|
Jobot
Loan Officer
|
$101,190/yr
|
RANGE: $80,661 - $121,720
|
|
Maryland Hard Money Lenders, LLC.
Loan Officer
|
$101,190/yr
|
RANGE: $80,661 - $121,720
|
|
AI Lending
Loan Officer
|
$104,537/yr
|
RANGE: $83,328 - $125,746
|
Top 10 Highest Paying Cities For Loan Closing Officer Jobs in Maryland
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 Maryland.
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 Maryland.
Silver Spring takes first place in this list, followed by Bethesda, Potomac.
The Loan Closing Officer salary is $74,418 in Silver Spring,
which is higher than the national average. There are 15 cities' Loan Closing Officer salary higher than national average in Maryland.
The average salary for a Loan Closing Officer in Maryland is $68,936,
but we found that the city with the highest salary for Loan Closing Officer jobs is Silver Spring, MD, and it is higher than Bethesda.
Loan Closing Officer jobs in Silver Spring can have the opportunity to earn higher salaries than in other cities in Maryland.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Silver Spring | $74,418 | $6,202 | $1,431 | $36 |
| Bethesda | $74,418 | $6,202 | $1,431 | $36 |
| Potomac | $74,418 | $6,202 | $1,431 | $36 |
| Rockville | $74,351 | $6,196 | $1,430 | $36 |
| Bowie | $74,285 | $6,190 | $1,429 | $36 |
| Waldorf | $74,218 | $6,185 | $1,427 | $36 |
| Gaithersburg | $74,218 | $6,185 | $1,427 | $36 |
| Germantown | $72,212 | $6,018 | $1,389 | $35 |
| Frederick | $71,811 | $5,984 | $1,381 | $35 |
| Baltimore | $68,735 | $5,728 | $1,322 | $33 |
What Does a Loan Closing Officer Do?
Collaborate daily with Provide's credit, operations, and capital markets functions in the closing diligence review process to ensure loans are collateralized properly and funded efficiently.
Updated December 10, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Loan Closing Officer Salaries
What is the average of a Loan Closing Officer in Maryland?
The Loan Closing Officer salary range is from $58,624 to $79,944, and the average Loan Closing Officer salary is $68,936/year in Maryland.
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 $83,913
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.
