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Banking Loan Closer Salary
in New Orleans, Louisiana

$41,993 (USD)

Average Salary

$20/hr

Average Hourly

$886

Average Bonus

Last updated: December 09, 2019

The average pay for a Banking Loan Closer is $41,993 a year and $20 an hour in New Orleans, Louisiana, United States. The average salary range for a Banking Loan Closer is between $31,356 and $50,837. 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 New Orleans, Louisiana.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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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 New Orleans, Louisiana, United States

Job family: Loan Interviewers and Clerks

Job family population: 222,620

Estimated population of Banking Loan Closer jobs: 16,567

Rate of error: 1.6%

Estimated salary in 2024:
$48,681
5 Year Change:
16 %
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Skills data not available for this job

About New Orleans, Louisiana

New Orleans Cost of Living Score:

Description: New Orleans (, locally ; French: La Nouvelle-Orléans [la nuvɛlɔʁleɑ̃] (listen)) is a consolidated city-parish located along the Mississippi River in the southeastern region of the U.S. state of Louisiana. With an estimated population of 391,006 in 2018, it is the most populous city in Louisiana. Serving as a major port, New Orleans is considered an economic and commercial hub for the broader Gulf Coast region of the United States. New Orleans is world-renowned for its distinct music, Creole cuisine, unique dialect, and its annual celebrations and festivals, most notably Mardi Gras. The historic heart of the city is...

Banking Loan Closer Job Listings for New Orleans, Louisiana

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The average pay for a Banking Loan Closer is $41,993 a year and $20 an hour in New Orleans, Louisiana, United States. The average salary range for a Banking Loan Closer is between $31,356 and $50,837. 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 New Orleans, Louisiana.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Banking Loan Closer
Banking Loan Closer
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