Are you paid fairly?
Calculate your market salary rate to find out
Calculate Salary
Mortgage Loan Closer
$36,503 (USD)/yr
$17.55 (USD)/hr
$624 (USD)/yr
The average mortgage loan closer gross salary in Cincinnati, Ohio is $36,503 or an equivalent hourly rate of $18. This is 2% lower (-$703) than the average mortgage loan closer salary in the United States. In addition, they earn an average bonus of $624. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Cincinnati, Ohio. An entry level mortgage loan closer (1-3 years of experience) earns an average salary of $28,000. On the other end, a senior level mortgage loan closer (8+ years of experience) earns an average salary of $43,448.
Explore Our Salary Database
Quickly search for salaries in other careers and locations in our salary database.
Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
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.
DO YOU WORK IN HR OR COMPENSATION?
Try our professional compensation software to generate detailed salary and cost of living reports.
Try a Free Demo
Salary Potential
$41,002 (USD)
12 %
Based on our compensation data, the estimated salary potential for Mortgage Loan Closer will increase 12 % over 5 years.
Most Popular Skills for Mortgage Loan Closer
Education
This chart displays the highest level of education for:
Mortgage Loan Closer, the majority at 100% with high schools.
Typical Field of Study: Finance
See how education can impact your salary
Salary Difference by Location
Salary by Country
City Overview
The cost of living in Cincinnati, Ohio is 1% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageCincinnati ( SIN-si-NAT-ee, nicknamed Cincy) is a city in and the county seat of Hamilton County, Ohio, United States. Settled in 1788, the city is located in the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The population of Cincinnati was 309,317 in 2020, making it the third-most populous city in Ohio after Columbus and Cleveland, and 65th in the United States. The city is the economic and cultural hub of the Cincinnati...
Sourced from Wikipedia
Job 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.
Read More
Jobs That May Interest You
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
Access The Assessor Productsarrow_right
Similar Job Titles
- No similar job titles found for this position
Latest Compensation News
With a PhD-level research team in house, SalaryExpert, provides up-to-date salary and compensation data. Download our free white papers to learn more.
Explore Our Salary Database
Quickly search for salaries in other careers and locations in our salary database.
Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
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.
Most Popular Skills for Mortgage Loan Closer
Salary Difference by Location
Salary by Country
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
Access The Assessor Productsarrow_right
How Much Should You Be Paid?
Calculate your market salary using our salary calculator.
Similar Job Titles
- No similar job titles found for this position