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Mortgage Loan Closer Salary
in New York-Manhattan, New York

$38,447 (USD)

Average Salary

$18/hr

Average Hourly

$657

Average Bonus

Salary Recap

The average pay for a Mortgage Loan Closer is $38,447 a year and $18 an hour in New York-Manhattan, New York, United States. The average salary range for a Mortgage Loan Closer is between $31,199 and $45,763. On average, a Bachelor's 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 New York-Manhattan, New York.

Average Salary Chart

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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 Prevalence in New York-Manhattan, New York, United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Mortgage Loan Closer jobs: 14,503

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
$44,571
5 Year Change:
16 %

Education

Skills

About New York-Manhattan, New York

New York-Manhattan Cost of Living Score:

Mortgage Loan Closer Job Listings for New York-Manhattan, New York

Loan Processor Assistant / Loan Origination Assistant
Apr 16
Stamford, CT, USA
Luxury Mortgage Corp
General Responsibilities * Assist high producing Mortgage Loan Originators (MLOs) in aspects of ... Work with in-house loan processors, underwriters, closers and MLO's ensuring timely and effective ...
Loan Originator
Apr 27
Voorhees, NJ, USA
Acre Mortgage
Our local Acre Mortgage branch in Voorhees, NJ is experiencing rapid growth as we head closer to ... Loan Officers are expected to create their own leads! Compensation is strictly commission. Although ...
Mortgage Loan Processor
May 21
Melville, NY, USA
HireTalent
Mortgage Loan Processor Location: Melville, NY Direct client Summary: Responsible for reviewing new loan application requests to ensure that all required forms and/or documentation have been provided ...
Mortgage Loan Processor
May 15
Closter, NJ, USA
StaffLINK Consulting
Loan Processor Job Description: The Loan Manager will process loans in a timely and efficient ... of mortgage processing, underwriting, originating or a combination of all aspects. · Must be ...
Mortgage Loan Processor
May 7
Cedarhurst, NY, USA
Luxury Mortgage Corp
... mortgage brokers and internal team members * Provide timely and periodic status updates * Review loan package to verify the completeness of data and ensure the loan meets the established standards of ...
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