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Last updated: June 21, 2024
Mortgage Loan Closer Salary
in Bangalore, India
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INR 467,206
Average Salary
INR 225/hr
Average Hourly
INR 7,989
Average Bonus
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Last updated: June 21, 2024
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Salary Recap
The average pay for a Mortgage Loan Closer is INR 467,206 a year and INR 225 an hour in Bangalore, India. The average salary range for a Mortgage Loan Closer is between INR 352,273 and INR 546,630. On average, a High School Degree is the highest level of education for a Mortgage Loan Closer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Bangalore, India.
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.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
INR 606,003
5 Year Change:
30 %
Shift Differentials
Shift Differentials
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About Bangalore, India
Bangalore Cost of Living Score:
Description:
Bangalore ( BANG-gə-lor, -LOR), officially Bengaluru (Kannada pronunciation: [ˈbeŋgɐɭuːɾu] ; ISO: Beṁgaḷūru), is the capital and largest city of the southern Indian state of Karnataka. It has a population of more than 8 million and a metropolitan population of around 15 million, making it India's third most populous city and fourth most populous urban agglomeration. It is the most populous city and largest urban agglomeration in South India, and is the 27th largest city in the world. Located on the Deccan Plateau, at a height of over 900 m (3,000 ft) above sea level, Bangalore has a pleasant climate throughout the...
Job Summary
Description:
- Closes mortgage loans by scheduling closing procedures and typing documents.
- Examines approved mortgage loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.
- Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.
- Verifies accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
- Calls borrower, broker, and other specified individuals to arrange time and date for closing.
- Answers questions regarding closing requirements.
- Enters numbers and calculates loan interest and principal payment, and closing costs, using computer or factor table and calculator.
- Types closing documents.
- Assembles documents for delivery to title company, real estate broker, or lending officer for closing.
- Records loan information in log and on government reporting forms, using computer.
- May compile closed loan forms for delivery to marketing department for sale to investors.
Mortgage Loan Closer Job Listings for
No listings found
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Salary Recap
The average pay for a Mortgage Loan Closer is INR 467,206 a year and INR 225 an hour in Bangalore, India. The average salary range for a Mortgage Loan Closer is between INR 352,273 and INR 546,630. On average, a High School Degree is the highest level of education for a Mortgage Loan Closer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Bangalore, India.
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.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Bangalore, India
Bangalore Cost of Living Score:
Description:
Bangalore ( BANG-gə-lor, -LOR), officially Bengaluru (Kannada pronunciation: [ˈbeŋgɐɭuːɾu] ; ISO: Beṁgaḷūru), is the capital and largest city of the southern Indian state of Karnataka. It has a population of more than 8 million and a metropolitan population of around 15 million, making it India's third most populous city and fourth most populous urban agglomeration. It is the most populous city and largest urban agglomeration in South India, and is the 27th largest city in the world. Located on the Deccan Plateau, at a height of over 900 m (3,000 ft) above sea level, Bangalore has a pleasant climate throughout the...
Job Summary
Description:
- Closes mortgage loans by scheduling closing procedures and typing documents.
- Examines approved mortgage loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.
- Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.
- Verifies accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
- Calls borrower, broker, and other specified individuals to arrange time and date for closing.
- Answers questions regarding closing requirements.
- Enters numbers and calculates loan interest and principal payment, and closing costs, using computer or factor table and calculator.
- Types closing documents.
- Assembles documents for delivery to title company, real estate broker, or lending officer for closing.
- Records loan information in log and on government reporting forms, using computer.
- May compile closed loan forms for delivery to marketing department for sale to investors.
Mortgage Loan Closer Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
Common Compensation Terms and Formulas - May 2024
Utilize ERIs comprehensive list of common compensation terms and formulas to gain a better understanding of compensation planning.
Read More
National Compensation Forecast April 2024
Review compensation trends and get guidance on expected total salary increases for the upcoming year with ERI's National Compensation Forecast.
Read More
Planning Compensation Incentives That Maximize Workforce Engagement
Improve employee engagement and performance by implementing compensation incentive plans into your strategy.
Read More