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$42,827

Average Base Salary

$21/hr

Average Hourly Rate

$972

Average Bonus
The average commercial loan processor closer salary in Arkansas, United States is $42,827 or an hourly rate of $21. This is 14% lower (-$7,216) than the average commercial loan processor closer salary in the United States. In addition, they earn an average bonus of $972.
Salary by Experience

$27,531

Entry Level Salary

$50,814

Senior Level Salary
An entry level commercial loan processor closer (1-3 years of experience) earns an average salary of $27,531. On the other end, a senior level commercial loan processor closer (8+ years of experience) earns an average salary of $50,814.
Job Description
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Education

The chart below breaks down accounts by the highest level of education obtaned.

About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning. Try a free demo of the cloud-based Salary Assessor.

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