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Closer vs closing coordinator

The differences between closers and closing coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a closer, becoming a closing coordinator takes usually requires 2-4 years. Additionally, a closing coordinator has an average salary of $39,066, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a closer include customer service, cleanliness and punctuality. The most important skills for a closing coordinator are customer service, escrow, and HOA.

Closer vs closing coordinator overview

CloserClosing Coordinator
Yearly salary$29,291$39,066
Hourly rate$14.08$18.78
Growth rate4%-3%
Number of jobs7,56019,203
Job satisfaction--
Most common degreeBachelor's Degree, 35%Bachelor's Degree, 50%
Average age4542
Years of experience64

What does a closer do?

The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions. A closer must also monitor the regular payments of clients to ensure their compliance with the agreement, answer any inquiries, perform follow-up calls, and address any issues or concerns, resolving them promptly and efficiently.

What does a closing coordinator do?

In the real estate industry, a closing coordinator is in charge of coordinating the final stages of a real estate deal, ensuring efficiency and smooth transaction. Among their responsibilities include preparing and processing legal documents, liaising with the buyer and seller, managing timelines and payment plans, and ensuring that both parties adhere to the terms of the agreement. Moreover, a closing coordinator must maintain an active communication line with staff, answering their inquiries, and assisting them as needed.

Closer vs closing coordinator salary

Closers and closing coordinators have different pay scales, as shown below.

CloserClosing Coordinator
Average salary$29,291$39,066
Salary rangeBetween $20,000 And $40,000Between $29,000 And $52,000
Highest paying CityGreece, NYKirkland, WA
Highest paying stateHawaiiWashington
Best paying companyGPACHarbourVest
Best paying industry-Finance

Differences between closer and closing coordinator education

There are a few differences between a closer and a closing coordinator in terms of educational background:

CloserClosing Coordinator
Most common degreeBachelor's Degree, 35%Bachelor's Degree, 50%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Closer vs closing coordinator demographics

Here are the differences between closers' and closing coordinators' demographics:

CloserClosing Coordinator
Average age4542
Gender ratioMale, 45.0% Female, 55.0%Male, 20.8% Female, 79.2%
Race ratioBlack or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.1% White, 63.1% American Indian and Alaska Native, 0.5%Black or African American, 12.7% Unknown, 4.7% Hispanic or Latino, 15.8% Asian, 6.3% White, 59.9% American Indian and Alaska Native, 0.6%
LGBT Percentage8%7%

Differences between closer and closing coordinator duties and responsibilities

Closer example responsibilities.

  • Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
  • Process conventional, FHA, VA and USDA loans, clearing conditions before submission.
  • Clear property conditions for insurance and title on all FHA, VA and USDA loans.
  • Submit information to mortgage insurance carriers, FHA, VA, FHLMC, and FNMA for workout alternatives to foreclosure.
  • Coordinate with foreclosure and eviction and litigation teams to ensure properties are in transferable condition prior to closing.
  • Prepare high volume of loan closing packages under a variety of loan programs including conventional, FHA and VA.
  • Show more

Closing coordinator example responsibilities.

  • Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
  • Endorse VA and HUD mortgage insurance, paid premiums and send documents to proper personnel.
  • Audit loans purchase for GNMA, FNMA & FHLMC to ensure they meet their guidelines.
  • Facilitate processors in getting FHA close loan packages out to FHA to meet the insurance deadlines.
  • Review of foreclosure deeds for correctness including vesting, recording information, and notary acknowledgment.
  • Organize date into TSS and compose title binder for mortgage processing.
  • Show more

Closer vs closing coordinator skills

Common closer skills
  • Customer Service, 42%
  • Cleanliness, 31%
  • Punctuality, 8%
  • Dependability, 4%
  • Food Orders, 4%
  • Work Ethic, 1%
Common closing coordinator skills
  • Customer Service, 23%
  • Escrow, 8%
  • HOA, 5%
  • HUD-1, 5%
  • Lender Approval, 5%
  • Settlement Statements, 5%

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