Your duties as a closer are dependent on your line of work or industry of employment. Primarily, your responsibilities involve liaising with customers to ensure that they adhere to and understand every term of the agreement, completing every necessary document and requirement, etc. As a closer, you must maintain accurate records of every transaction made. In addition, you must also ensure the compliance of clients with the agreements by monitoring the regular payments. You could also be required to answer inquiries or perform follow-up calls. Furthermore, addressing issues or concerns and resolving them promptly and efficiently is also part of your duties.

To be successful at being a closer, you must be able to pay attention to details by being extremely observant and mindful. Also, you must be ready to take the initiative and act when an opportunity presents itself. More importantly, you must possess interpersonal skills that will help you to communicate efficiently with a lot of people about your ideas, thoughts, and feedback. Most closers usually study psychology, business, or finance. However, you must have at least a bachelor's degree. Closers make an average salary of $26,013 per year.

What Does a Closer Do

There are certain skills that many closers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, interpersonal skills and communication skills.

Learn more about what a Closer does

How To Become a Closer

If you're interested in becoming a closer, one of the first things to consider is how much education you need. We've determined that 35.4% of closers have a bachelor's degree. In terms of higher education levels, we found that 3.0% of closers have master's degrees. Even though some closers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Closer

Closer Career Paths

Average Salary for a Closer

Closers in America make an average salary of $29,291 per year or $14 per hour. The top 10 percent makes over $40,000 per year, while the bottom 10 percent under $20,000 per year.
Average Closer Salary
$29,291 Yearly
$14.08 hourly

What Am I Worth?

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Roles and Types of Closer

The role of a closer includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general closer responsibilities:

  • Complete loan close out process associated with varying investor workouts: review
  • Reviews loan package for required documentation ensures loan package meets compliance guidelines
  • Prepare closing packages using encompass and doc magic system. Review closing disclosure

There are several types of closer, including:

Loan Officer

Role:

If you want to be in charge of whether people are issued loans or not, then becoming a loan officer is a great place to start. Most generally, your day will consist of evaluating, authorize and even recommending approval for people or businesses that have submitted a loan application.

While movies generally paint loan officers in a bad light, these people are just doing their jobs. The majority of the time, the people asking for a loan don't even qualify. For the most part, loan officers work in banks and other financial institutions. And it's recommended that you earn a bachelor's degree. But the majority of your education will come from learning on-the-job. You'll be turning loans down left and right after no time!
  • Average Salary: $45,817
  • Degree: Bachelor's Degree

Underwriter

Role:

An underwriter decides who gets insurance cover. Your role will be studying insurance proposals, studying the background information of the clients, and deciding how much should be paid out. You will be liaising with professionals and those specialized to help judge the risk assessment. By doing so, you will write policies and add specific conditions when required. Similarly, you will be involved in negotiating terms with the clients. In addition, you will select the appropriate and competitive premiums based on information and judgment and deciding whether the risk should be shared.

Employers will always look out for graduates, most especially in the field of accounting, finance, business, and management. You must be able to use your initiative, have good negotiating skills, and be a great communicator. Skills required also include good judgment and a great decision-maker, especially when under pressure. Knowledge of technical information is also an added advantage. You will earn an average of $68,217 yearly or $32.8 hourly.
  • Average Salary: $61,751
  • Degree: Bachelor's Degree

Mortgage Consultant

Role:

A mortgage consultant helps customers and businesses identify the best option for mortgage deals considering their financial resources. With their knowledge of the company's products, he/she answers all the queries and concerns of the clients. He/She assists the client in gathering and analyzing documents that are required for loan approval and helps them create accurate mortgage information. Additionally, he/she builds relationships with banks and real estate agents to help promote bank mortgages for clients. Lastly, he/she negotiates rates and terms with lenders to aid the refinancing of existing mortgages.

Becoming a mortgage consultant requires just a high school diploma and a license. However, if you want to specialize in commercial mortgages, you need a bachelor's degree in economics or finance. Having relevant certifications is a plus. You must possess analytical, negotiation, and communication skills. Mortgage consultants make an average salary of $40,264 annually, equivalent to $19.36 per hour. This varies from $28,000 to $56,000.
  • Average Salary: $38,934
  • Degree: Bachelor's Degree

States With The Most Closer Jobs

Mouse over a state to see the number of active closer jobs in each state. The darker areas on the map show where closers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Closer Jobs By State

RankStateNumber of JobsAverage Salary
1Texas812$26,354
2North Carolina490$24,500
3Ohio481$25,091
4Pennsylvania438$27,744
5Michigan348$26,256
6Maryland203$28,193
7Massachusetts190$26,877
8Utah123$21,310
9Nevada89$24,713
10Nebraska79$25,194
11Louisiana71$23,371
12Idaho53$22,733
13Delaware51$22,100
14North Dakota39$25,936
15Montana33$26,488
16New Mexico0$32,604
17Arkansas0$31,007
18South Dakota0$30,580
19Maine0$32,283
20New York0$31,471
21Rhode Island0$29,819
22Vermont0$29,564
23Hawaii0$34,851
24Florida0$28,954
25New Jersey0$30,896
26California0$32,235
27Wyoming0$27,456
28Minnesota0$28,140
29Oregon0$29,436
30New Hampshire0$27,316
31Connecticut0$27,622
32Iowa0$25,898
33West Virginia0$25,113
34Washington0$27,364
35Oklahoma0$25,143
36Kansas0$24,426
37Colorado0$26,267
38Arizona0$25,461
39Kentucky0$24,411
40Virginia0$25,764
41Illinois0$24,874
42South Carolina0$24,383
43Missouri0$24,005
44Wisconsin0$23,328
45Alaska0$23,486
46Georgia0$23,302
47Tennessee0$22,191
48Indiana0$20,831
49Alabama0$20,489
50Mississippi0$19,900

Closer Education

Closer Majors

32.4 %
6.0 %

Closer Degrees

Bachelors

35.4 %

High School Diploma

28.1 %

Associate

21.0 %

Top Colleges for Closers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

Admissions
Most Popular Majors
Education
Finance
Business
Nursing
Computer Science

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

Admissions
Most Popular Majors
Business
Liberal Arts
Communication
Psychology
Education

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

Admissions
Most Popular Majors
Business
Computer Science
Education
Communication
Accounting

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

Admissions
Most Popular Majors
Accounting
Psychology
Nursing
Computer Science
Business

5. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

Admissions
Most Popular Majors
Nursing
Business
Finance
Communication
Accounting

6. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

Admissions
Most Popular Majors
Business
Education
Psychology
Liberal Arts
Criminal Justice

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

Admissions
Most Popular Majors
Accounting
Finance
Business
Marketing
Communication

8. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

Admissions
Most Popular Majors
Business
Education
Communication
Computer Science
Psychology

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

Admissions
Most Popular Majors
Nursing
Business
Psychology
Education
Liberal Arts

10. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

Admissions
Most Popular Majors
Liberal Arts
Business
Education
Nursing
Psychology

Top Skills For a Closer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 42.3% of closers listed customer service on their resume, but soft skills such as detail oriented and interpersonal skills are important as well.

  • Customer Service, 42.3%
  • Cleanliness, 30.6%
  • Punctuality, 7.5%
  • Dependability, 4.3%
  • Food Orders, 3.7%
  • Other Skills, 11.6%

Choose From 10+ Customizable Closer Resume templates

Zippia allows you to choose from different easy-to-use Closer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Closer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume
Closer Resume

Closer Demographics

Closer Gender Distribution

Female
Female
55%
Male
Male
45%

After extensive research and analysis, Zippia's data science team found that:

  • Among closers, 55.0% of them are women, while 45.0% are men.

  • The most common race/ethnicity among closers is White, which makes up 63.1% of all closers.

  • The most common foreign language among closers is Spanish at 64.3%.

Online Courses For Closer That You May Like

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Best States For a Closer

Some places are better than others when it comes to starting a career as a closer. The best states for people in this position are Hawaii, New Mexico, Maine, and California. Closers make the most in Hawaii with an average salary of $34,851. Whereas in New Mexico and Maine, they would average $32,604 and $32,283, respectively. While closers would only make an average of $32,235 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New Mexico

Total Closer Jobs: 0
Highest 10% Earn:
$46,000
Location Quotient:
0

2. Arkansas

Total Closer Jobs: 0
Highest 10% Earn:
$42,000
Location Quotient:
0

3. South Dakota

Total Closer Jobs: 0
Highest 10% Earn:
$42,000
Location Quotient:
0
Full List Of Best States For Closers

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Top Closer Employers

Most Common Employers For Closer

RankCompanyAverage SalaryHourly RateJob Openings
1JPMorgan Chase & Co.$67,378$32.3911
2Citi$60,464$29.076
3Bank of America$41,539$19.9720
4SunTrust$39,847$19.167
5Wells Fargo$39,828$19.1529
6Papa Murphy's$33,590$16.156
7Freedom Mortgage$33,000$15.877
8International Marketing Group$29,819$14.346
9Nations Lending$28,369$13.648
10Burger King$26,940$12.95215