Commercial Loan Closer Salary in Chicago, IL

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How much does a Commercial Loan Closer make in Chicago, IL? The average Commercial Loan Closer salary in Chicago, IL is $44,488 as of March 26, 2024, but the salary range typically falls between $39,755 and $49,913. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Salary range for a Commercial Loan Closer

$39,755 to $49,913

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Commercial Loan Closer

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Job Openings for Commercial Loan Closer in Chicago, IL

Loan Closer

Financial Staffing LLC - Houston , TX

Loan Closer - West Houston Department(s) and/or Operations responsibility scope of this position ... Preparation of consumer and commercial loan files Review closing documents prepared by attorneys

LinkedIn - 15 days ago

Express Loan Closer

Celtic Bank - Salt Lake City , UT

As a Loan Closer at Celtic Bank, you'll be exposed to the inner workings of SBA lending and gain ... Manage the commercial small loan closing process to ensure that all closing requirements are met ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 29 days ago

Commercial Loan Closer

SLATT CAPITAL - Burlingame , CA

This position entails working with our internal team of analysts, producers, and external stakeholders to close commercial real estate loans. Slatt Capital is a long-standing, privately held, and ...

ZipRecruiter - 46 days ago

Commercial Loan Specialist (Full Time) - Plano Operations Center

PROSPERITY BANK - Plano , TX

Commercial Loan Specialist- Corporate Administration Closer POSITION SUMMARY : Performs the daily functions associated with the ordering and review of commercial loan documents, booking and funding ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 1 day ago

Commercial Loan Documentation Specialist [Full-Time]

BankFinancial - Willowbrook , IL

Summary: Works with Commercial Bankers to prepare loan documents for any new, modification or ... Also be a peer reviewer of documentation prepared by another closer or outside counsel. * Prepares ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 35 days ago

Teller / Branch Teller

Assemblies Of God Credit Union - Springfield , MO

... commercial and church services, products and loans, as well as insurance and merchant card ... Opener: 7:15a to 3:45p Closer: 9:15a to 5:45p. COULD BE REQUIRED TO WORK EITHER on occasion to fill ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 7 days ago

What does a Commercial Loan Closer do?

Common responsibilities of a Commercial Loan Closer

Prepare lender reallocation spreadsheets as deals are amended, including reallocation of loan outstandings among the bank group, advise bank group of new pro-rata percentages and shares, net to/from funding amounts, and distribute to lenders in coordination with deal refinancing or amendment.

April 28, 2023

Reviews commercial loans, including government sponsored programs, according to investor guidelines, Credit Union policies, procedures, and state and federal regulations.

March 09, 2023

Order, obtain, and analyze all pertinent applicant/borrower, property/collateral, and documentation information and verifications related to the processing of complex commercial loan transactions.

March 22, 2023

Participate in Kick-off call with both Internal team members and Borrower to gain understanding of transaction at onset of process.

April 05, 2023

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Commercial Loan Closer Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Loan Closer Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Loan Closer in Chicago, IL

Average Base Salary

Core compensation

39755

49913

44488

Average Total Cash Compensation

Includes base and annual incentives

41354

52102

46455

What is the average salary for Commercial Loan Closer in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Closer in Chicago, IL. The base salary for Commercial Loan Closer ranges from $39,755 to $49,913 with the average base salary of $44,488. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $41,354 to $52,102 with the average total cash compensation of $46,455.

View Average Salary for Commercial Loan Closer as table

	Average Salary	Average Salary Range
Base Salary	$44,488	$39,755 - $49,913
Bonus	$1,967	$1,599 - $2,190
Total Pay	$46,455	$41,354 - $52,102

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Loan Closer Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $39,979 - $50,193	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $39,979 - $50,193	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $39,933 - $50,136	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $39,963 - $50,174	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $39,963 - $50,174	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $39,069 - $49,051	COMPARE TO Chicago, IL

See salaries for Commercial Loan Closer in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Closer	LOCATION Chicago, IL	MINIMUM SALARY $46,600	MAXIMUM SALARY $59,900
JOB TITLE Loan Senior Closer	LOCATION Chicago, IL	MINIMUM SALARY $52,900	MAXIMUM SALARY $68,700
JOB TITLE Sba Loan Closer	LOCATION Chicago, IL	MINIMUM SALARY $44,610	MAXIMUM SALARY $57,762
JOB TITLE Mortgage Closer	LOCATION Chicago, IL	MINIMUM SALARY $46,517	MAXIMUM SALARY $59,848
JOB TITLE Mortgage Closer, Sr.	LOCATION Chicago, IL	MINIMUM SALARY $52,895	MAXIMUM SALARY $68,689
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The Commercial Loan Closer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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39755

49913

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Commercial Loan Closer Salary in popular cities: Aurora, Rockford, Joliet

Recently searched related titles: Consumer Loan Processor, Loan Associate, Loan Admin

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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