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Banking Loan Closer Salary
in Baltimore, Maryland

$46,023 (USD)

Average Salary

$22/hr

Average Hourly

$971

Average Bonus

Last updated: December 13, 2019

The average pay for a Banking Loan Closer is $46,023 a year and $22 an hour in Baltimore, Maryland, United States. The average salary range for a Banking Loan Closer is between $34,366 and $55,716. 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 Baltimore, Maryland.

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 Baltimore, Maryland, 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:
$53,353
5 Year Change:
16 %
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About Baltimore, Maryland

Baltimore Cost of Living Score:

Banking Loan Closer Job Listings for Baltimore, Maryland

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The average pay for a Banking Loan Closer is $46,023 a year and $22 an hour in Baltimore, Maryland, United States. The average salary range for a Banking Loan Closer is between $34,366 and $55,716. 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 Baltimore, Maryland.

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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Banking Loan Closer
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