Loan Closing Officer Salaries in Richmond, VA
How Much Does a Loan Closing Officer Make in Richmond, VA?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Loan Closing Officer in Richmond, VA is $64,554.
While Salary.com is seeing that Loan Closing Officer salary in Richmond, VA can go up to $84,250
or down to $46,106, but most earn between $54,898 and $74,863.
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
|
$46,619/yr
|
RANGE: $39,658 - $53,580
|
|
Community Investment Collaborative (CIC)
Loan Officer
|
$99,268/yr
|
RANGE: $75,613 - $122,922
|
|
Finance USA Corporation
Loan Officer
|
$97,974/yr
|
RANGE: $78,095 - $117,854
|
|
Farm Credit
Commercial Loan Group Loan Officer/Loan Officer Trainee
|
$79,542/yr
|
RANGE: $65,843 - $93,242
|
|
Valley Lending
Loan Officer (200+BPS)
|
$88,988/yr
|
RANGE: $70,932 - $107,043
|
|
Valley Lending
Loan Officer (HIGH COMMISSION)
|
$108,719/yr
|
RANGE: $86,660 - $130,779
|
|
Old Dominion National Bank
CRA Mortgage Loan Officer
|
$88,988/yr
|
RANGE: $70,932 - $107,043
|
|
Mortgage Calculator Company LLC
Junior Loan Officer
|
$93,213/yr
|
RANGE: $74,729 - $111,697
|
|
FedTec
Loan Collections Officer
|
$69,634/yr
|
RANGE: $59,125 - $80,143
|
What Does a Loan Closing Officer Do?
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
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 Richmond, VA?
The Loan Closing Officer salary range is from $54,898 to $74,863, and the average Loan Closing Officer salary is $64,554/year in Richmond, VA.
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 $83,263
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.
