Working mostly in the real estate industry, closing coordinators oversee the opening, filing, and maintenance of all documents related to a purchase or sale process. In exchange for their expertise, closing coordinators earn an average annual salary of $27,000 and are tasked with the following responsibilities: advertising and marketing loan portfolios to potential customers, delivering quality customer service, developing effective solutions in response to challenges inherent in the market conditions, facilitating all steps of settlement or closing process, maintaining communications and schedules with closing agents or title companies and resolving any outstanding issues.
How do you become a closing coordinator? To become a closing coordinator working in the capacity of a clerk or a sole office coordinator does not require any formal education but on-the-job training. On the other hand, becoming a closing coordinator working as a licensed agent require the completion of agent coursework and training. Closing coordinators working as licensed agents work mostly in closing coordinators firms.
There is more than meets the eye when it comes to being a Closing Coordinator. For example, did you know that they make an average of $16.48 an hour? That's $34,285 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many Closing Coordinators 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 Communication skills, Organizational skills and Business skills.
If you're interested in becoming a Closing Coordinator, one of the first things to consider is how much education you need. We've determined that 50.4% of Closing Coordinators have a bachelor's degree. In terms of higher education levels, we found that 3.4% of Closing Coordinators have master's degrees. Even though most Closing Coordinators have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Closing Coordinator. When we researched the most common majors for a Closing Coordinator, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Closing Coordinator resumes include High School Diploma degrees or Master's Degree degrees.
You may find that experience in other jobs will help you become a Closing Coordinator. In fact, many Closing Coordinator jobs require experience in a role such as Administrative Assistant. Meanwhile, many Closing Coordinators also have previous career experience in roles such as Customer Service Representative or Loan Processor.