Closing agent vs closing coordinator

The differences between closing agents and closing coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a closing agent has an average salary of $47,582, which is higher than the $39,066 average annual salary of a closing coordinator.

The top three skills for a closing agent include settlement statements, escrow accounts and notary. The most important skills for a closing coordinator are customer service, escrow, and HOA.

Closing agent vs closing coordinator overview

	Closing Agent	Closing Coordinator
Yearly salary	$47,582	$39,066
Hourly rate	$22.88	$18.78
Growth rate	5%	-3%
Number of jobs	27,073	19,203
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 50%
Average age	49	42
Years of experience	-	4

Closing agent vs closing coordinator salary

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

	Closing Agent	Closing Coordinator
Average salary	$47,582	$39,066
Salary range	Between $34,000 And $65,000	Between $29,000 And $52,000
Highest paying City	-	Kirkland, WA
Highest paying state	-	Washington
Best paying company	-	HarbourVest
Best paying industry	-	Finance

Differences between closing agent and closing coordinator education

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

	Closing Agent	Closing Coordinator
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 50%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Closing agent vs closing coordinator demographics

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

	Closing Agent	Closing Coordinator
Average age	49	42
Gender ratio	Male, 24.2% Female, 75.8%	Male, 20.8% Female, 79.2%
Race ratio	Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.7% White, 70.4% American Indian and Alaska Native, 0.3%	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 Percentage	13%	7%

Differences between closing agent and closing coordinator duties and responsibilities

Closing agent example responsibilities.

Manage escrow department for title insurance company.
Work as a mobile notary for various banks, mortgage companies, title and signing services.
Schedule, arrange, process, close and disburse REO auction sale transactions in the state of Wisconsin.
Certify signing agent/commission notary public - Oregon.
Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
Work directly with the VP of procurement to provide education concerning legal contract implementation.

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.

Closing agent vs closing coordinator skills

Common closing agent skills

Settlement Statements, 14%
Escrow Accounts, 9%
Notary, 9%
HUD-1, 8%
Title Commitments, 7%
Loan Closings, 5%

Common closing coordinator skills

Customer Service, 23%
Escrow, 8%
HOA, 5%
HUD-1, 5%
Lender Approval, 5%
Settlement Statements, 5%

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Closing Agent
Closing Agent vs Closing Coordinator

Updated January 8, 2025

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