Commercial Loan Closer Salary in Cleveland, OH

How much does a Commercial Loan Closer make in Cleveland, OH?

As of April 01, 2025, the average annual salary for a Commercial Loan Closer in Cleveland, OH is $42,905. According to Salary.com, salaries can range from a low of $34,080 to a high of $52,430, with most professionals earning between $38,286 and $47,891.

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Salary range for a Commercial Loan Closer

$38,286 to $47,891

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Commercial Loan Closer

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Job Openings for Commercial Loan Closer in Cleveland, OH

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 Cleveland, OH

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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 Cleveland, OH

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LEVEL OF EDUCATION

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Average Salary Range for Commercial Loan Closer in Cleveland, OH

Average Base Salary

Core compensation

38286

47891

42905

Average Total Cash Compensation

Includes base and annual incentives

40140

50286

45043

What is the average salary for Commercial Loan Closer in 2025?

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 Cleveland, OH. The base salary for Commercial Loan Closer ranges from $38,286 to $47,891 with the average base salary of $42,905. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,140 to $50,286 with the average total cash compensation of $45,043.

View Average Salary for Commercial Loan Closer as table

	Average Salary	Average Salary Range
Base Salary	$42,905	$38,286 - $47,891
Bonus	$2,138	$1,855 - $2,395
Total Pay	$45,043	$40,140 - $50,286

* 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 Cleveland, OH

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Cleveland, OH
CITY, STATE Euclid, OH	AVERAGE SALARY RANGE $38,254 - $47,851	COMPARE TO Cleveland, OH
CITY, STATE Lakewood, OH	AVERAGE SALARY RANGE $38,286 - $47,891	COMPARE TO Cleveland, OH 0%
CITY, STATE Elyria, OH	AVERAGE SALARY RANGE $37,846 - $47,340	COMPARE TO Cleveland, OH
CITY, STATE Lorain, OH	AVERAGE SALARY RANGE $37,924 - $47,438	COMPARE TO Cleveland, OH
CITY, STATE Cuyahoga Falls, OH	AVERAGE SALARY RANGE $37,445 - $46,838	COMPARE TO Cleveland, OH
CITY, STATE Akron, OH	AVERAGE SALARY RANGE $37,445 - $46,838	COMPARE TO Cleveland, OH

See salaries for Commercial Loan Closer in locations close to Cleveland, OH. 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 Cleveland, Ohio

Cleveland (/ˈkliːvlənd/ KLEEV-lənd) is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. The city proper has a population of 385,525, making it the 51st-largest city in the United States, and the second-largest city in Ohio. Greater Cleveland is ranked as the 32nd-largest metropolitan area in the U.S., with 2,055,612 people in 2016. The city anchors the Cleveland–Akron–Canton Combined Statistical Area, which had a population of 3,515,646 in 2010 and is ranked 15th in the United States. The city is located on the southern shore of Lake Erie, approximately 60 miles ...

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 Cleveland, OH	MINIMUM SALARY $43,200	MAXIMUM SALARY $53,400
JOB TITLE Loan Senior Closer	LOCATION Cleveland, OH	MINIMUM SALARY $48,600	MAXIMUM SALARY $59,300
JOB TITLE Sba Loan Closer	LOCATION Cleveland, OH	MINIMUM SALARY $45,063	MAXIMUM SALARY $54,167
JOB TITLE Mortgage Closer	LOCATION Cleveland, OH	MINIMUM SALARY $43,191	MAXIMUM SALARY $53,362
JOB TITLE Commercial Loan Clerk	LOCATION Cleveland, OH	MINIMUM SALARY $39,929	MAXIMUM SALARY $47,035
JOB TITLE Mortgage Closer, Sr.	LOCATION Cleveland, OH	MINIMUM SALARY $48,597	MAXIMUM SALARY $59,200

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 Cleveland, OH that might be a good fit for the type of job and salary you are looking for.

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38286

47891

About Cleveland, Ohio Cleveland (/ˈkliːvlənd/ KLEEV-lənd) is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. The city proper has a populatio....More

Cleveland, Ohio area prices were up 1.6% from a year ago

Commercial Loan Closer Salary in popular cities: Columbus, Cincinnati, Toledo

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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