Loan Closing Specialist Salaries in Maryland
How Much Does a Loan Closing Specialist Make in Maryland?
Updated May 01, 2025
As of May 01, 2025,
the average annual pay of Loan Closing Specialist in Maryland is $59,514.
While Salary.com is seeing that Loan Closing Specialist salary in MD can go up to $73,294
or down to $44,885, but most earn between $51,856 and $66,727.
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 Specialist
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Loan Closing Specialist by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Ally
Senior Analyst - Loan Closing
|
$74,564/yr
|
RANGE: $63,439 - $85,689
|
|
Morgan Stanley
Loan Closing Operations Analyst
|
$75,609/yr
|
RANGE: $65,674 - $85,544
|
|
Alabama Farm Credit FLCA
Loan Documentation Specialist (Closing)
|
$62,101/yr
|
RANGE: $53,202 - $71,001
|
|
Centra Credit Union
Mortgage Loan Closing Specialist
|
$66,309/yr
|
RANGE: $58,625 - $73,993
|
|
Farm Credit Northwest Florida
Loan Processing & Closing Specialist
|
$57,315/yr
|
RANGE: $49,073 - $65,557
|
|
WELLS FARGO BANK
Commercial Loan Closing Specialist
|
$111,722/yr
|
RANGE: $91,691 - $131,753
|
|
AI Lending
Loan Specialist
|
$62,353/yr
|
RANGE: $53,017 - $71,689
|
|
Wells Fargo
Small Business Loan Closing Specialist
|
$87,082/yr
|
RANGE: $70,266 - $103,898
|
|
B10 Wells Fargo Bank, N. A.
Small Business Loan Closing Specialist
|
$105,473/yr
|
RANGE: $86,040 - $124,907
|
Top 10 Highest Paying Cities For Loan Closing Specialist 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 Specialist 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 Specialist job salaries in Maryland.
Some cities can pay higher salaries for Loan Closing Specialist jobs, which can indicate that there is a large demand for Loan Closing Specialist positions in this city.
The following table shows top 10 cities where the Loan Closing Specialist salary is higher than other cities in Maryland.
Silver Spring takes first place in this list, followed by Bethesda, Potomac.
The Loan Closing Specialist salary is $63,906 in Silver Spring,
which is higher than the national average. There are 15 cities' Loan Closing Specialist salary higher than national average in Maryland.
The average salary for a Loan Closing Specialist in Maryland is $59,514,
but we found that the city with the highest salary for Loan Closing Specialist jobs is Silver Spring, MD, and it is higher than Bethesda.
Loan Closing Specialist 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 | $63,906 | $5,326 | $1,229 | $31 |
| Bethesda | $63,906 | $5,326 | $1,229 | $31 |
| Potomac | $63,866 | $5,322 | $1,228 | $31 |
| Rockville | $63,831 | $5,319 | $1,228 | $31 |
| Bowie | $63,774 | $5,314 | $1,226 | $31 |
| Waldorf | $63,733 | $5,311 | $1,226 | $31 |
| Gaithersburg | $63,733 | $5,311 | $1,226 | $31 |
| Germantown | $62,192 | $5,183 | $1,196 | $30 |
| Frederick | $61,863 | $5,155 | $1,190 | $30 |
| Baltimore | $59,514 | $4,959 | $1,144 | $29 |
What Does a Loan Closing Specialist Do?
Loan officers work with a lending institution and their borrowers to provide consultation, application, underwriting, approval, and deal-closing services on loans.
Updated December 14, 2021
Next you must earn experience in the field, likely through an internship or apprenticeship, as most employers require 1 to 3 years of experience from their post closing specialists.
Updated December 10, 2021
A detailed breakdown of your estimated loan-related closing costs, such as origination charges, appraisal fees, title insurance and more.
Updated December 10, 2021
Most importantly, we explain what to avoid and what to do if a mortgage loan is denied at closing or before.
Updated December 07, 2021
Using the Loan Estimate as a launching point, borrowers should talk with their VA loan specialist and real estate agent about the best closing cost approach.
Updated November 28, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Loan Closing Specialist Salaries
What is the average of a Loan Closing Specialist in Maryland?
The Loan Closing Specialist salary range is from $51,856 to $66,727, and the average Loan Closing Specialist salary is $59,514/year in Maryland.
The Loan Closing Specialist's salary will change in different locations.
Which location pays the highest Loan Closing Specialist salary in the United States?
The Loan Closing Specialist salary in Santa Clara, CA is $72,801
which is the highest in the US.
What kinds of reasons will influence the Loan Closing Specialist'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 Specialist.
What is the growth rate of the Loan Closing Specialist's salary?
If you are thinking of becoming a Loan Closing Specialist or planning the next step in your career, find the detailed salary report of a Loan Closing Specialist.
