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Banking Loan Closer Salary
in Illinois, United States

$44,785 (USD)

Average Salary

$22/hr

Average Hourly

$945

Average Bonus

Last updated: July 21, 2019

Salary Recap

The average pay for a Banking Loan Closer is $44,785 a year and $22 an hour in Illinois, United States. The average salary range for a Banking Loan Closer is between $33,442 and $54,218. On average, a Bachelor's Degree is the highest level of education for a Banking Loan Closer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Illinois, United States.

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Job Summary

Description:
  • Prepares papers and assembles documents to close loans for borrowers.
  • Forwards applications for loans, construction plans, and credit ratings to loan company for approval.
  • Receives approval of company and orders preliminary title reports and covenants.
  • Draws up closing papers showing financial transactions, conditions, and restrictions upon which sale is based.
Banking Loan Closer Job Prevalence in Illinois, United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Banking Loan Closer jobs: 16,925

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
$51,918
5 Year Change:
16 %

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Education

Skills

Skills data not available for this job

About Illinois, United States

Illinois Cost of Living Score:

Description: Illinois ( (listen) IL-ə-NOY) is a state in the Midwestern and Great Lakes regions of the United States. It has the fifth largest gross domestic product (GDP), the sixth largest population, and the 25th largest land area of all U.S. states. Illinois has been noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hub. Chicagoland, Chicago's metropolitan...

Banking Loan Closer Job Listings for Illinois, United States

No listings found

Salary Recap

The average pay for a Banking Loan Closer is $44,785 a year and $22 an hour in Illinois, United States. The average salary range for a Banking Loan Closer is between $33,442 and $54,218. On average, a Bachelor's Degree is the highest level of education for a Banking Loan Closer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Illinois, United States.

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Salaries By Location

Banking Loan Closer

Salaries By Location

Banking Loan Closer
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Banking Loan Closer

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Banking Loan Closer Job Listings for Illinois, United States

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