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Become A Closing Coordinator

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Working As A Closing Coordinator

  • Processing Information
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Getting Information
  • Performing for or Working Directly with the Public
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Repetitive

  • Stressful

  • $57,000

    Average Salary

What Does A Closing Coordinator Do

Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions.

Duties

Financial clerks typically do the following:

  • Keep and update financial records
  • Compute bills and charges
  • Offer customer assistance
  • Carry out financial transactions

Financial clerks give administrative and clerical support in financial settings. Their specific job duties vary by specialty and by setting.

Billing and posting clerks calculate charges, develop bills, and prepare them to be mailed to customers. They review documents such as purchase orders, sales tickets, charge slips, and hospital records to compute fees or charges due. They also contact customers to get or give account information.

Gaming cage workers work in casinos and other gaming establishments. The “cage” in which they work is the central depository for money and gaming chips. Gaming cage workers sell gambling chips, tokens, or tickets to patrons. They count funds and reconcile daily summaries of transactions in order to balance books.

Payroll and timekeeping clerks compile and post employee time and payroll data. They verify and record attendance, hours worked, and pay adjustments. They ensure that employees are paid on time and that their paychecks are accurate.

Procurement clerks compile requests for materials, prepare purchase orders, keep track of purchases and supplies, and handle questions about orders. They respond to questions from customers and suppliers about the status of orders. They handle requests to change or cancel orders. They make sure that purchases arrive on schedule and that the items meet the purchaser’s specifications.

Brokerage clerks help with tasks associated with securities such as stocks, bonds, commodities, and other kinds of investments. Their duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, distributing dividends, and keeping records of daily transactions and holdings.

Credit authorizers, checkers, and clerks review the credit history, and get the information needed to determine the creditworthiness, of individuals or businesses applying for credit. Credit authorizers evaluate customers’ computerized credit records and payment histories to decide, based on predetermined standards, whether to approve new credit. Credit checkers call or write credit departments of business and service establishments to get information about applicants’ credit standing.

Loan interviewers, also called loan processors or loan clerks, interview applicants and others to get and verify personal and financial information needed to complete loan applications. They also prepare the documents that go to the appraiser and are issued at the closing of a loan.

New accounts clerks interview people who want to open accounts in financial institutions. They explain the account services available to prospective customers and help them fill out applications. They also investigate and correct errors in accounts.

Insurance claims and policy processing clerks process applications for insurance policies. They also handle customers’ requests to change or cancel their existing policies. Their duties include interviewing clients and reviewing insurance applications to ensure that all questions have been answered. They also notify insurance agents and accounting departments of policy cancellations or changes.

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How To Become A Closing Coordinator

A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.

Education

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, require a 2- or 4-year college degree.

Training

Most financial clerks learn how to do their job duties through on-the-job training. Some formal technical training also may be necessary; for example, gaming cage workers may need training in specific gaming regulations and procedures.

Advancement

Financial clerks can advance to related occupations in finance. For example, a loan interviewer or clerk can become a loan officer, and a brokerage clerk can become a securities, commodities, or financial services sales agent, after obtaining the required education and license.

Important Qualities

Communication skills. Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.

Math skills. The job duties of financial clerks, including calculating charges and checking credit scores, require basic math skills.

Organizational skills. Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.

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Closing Coordinator Career Paths

Closing Coordinator
Loan Processor Loan Officer Account Executive
Relationship Manager
6 Yearsyrs
Loan Processor Specialist Consultant
Controller
9 Yearsyrs
Loan Processor Specialist Executive Assistant
Administrative Manager
6 Yearsyrs
Paralegal Legal Secretary Office Manager
Business Office Manager
7 Yearsyrs
Paralegal Executive Assistant Owner
Co-Owner
6 Yearsyrs
Paralegal Executive Assistant Assistant Manager
Center Manager
6 Yearsyrs
Legal Assistant Legal Secretary Office Manager
Accountant And Office Manager
6 Yearsyrs
Legal Assistant Administrator Manager
Assistant Vice President
7 Yearsyrs
Legal Assistant Administrator Office Manager
Accounts Receivable Manager
6 Yearsyrs
Loan Closer Underwriter Branch Manager
Manager, Assistant Vice President
7 Yearsyrs
Loan Closer Underwriter Senior Loan Processor
Processing Manager
7 Yearsyrs
Loan Closer Underwriter Compliance Analyst
Compliance Manager
9 Yearsyrs
Coordinator Team Leader Project Manager
Portfolio Manager
7 Yearsyrs
Coordinator Team Leader Property Manager
Asset Manager
7 Yearsyrs
Coordinator Accounts Receivable Specialist Credit Analyst
Credit Manager
5 Yearsyrs
Closer Specialist Credit Analyst
Collections Manager
5 Yearsyrs
Loan Officer Administrator Senior Administrative Assistant
Senior Administrative Coordinator
6 Yearsyrs
Loan Officer Customer Service Supervisor Client Services Manager
Client Manager
6 Yearsyrs
Real Estate Paralegal Lease Administrator Assistant Property Manager
Assistant Community Manager
5 Yearsyrs
Escrow Officer Realtor Asset Manager
Vending Manager
7 Yearsyrs
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Do you work as a Closing Coordinator?

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Do you work as a Closing Coordinator?

Average Yearly Salary
$57,000
View Detailed Salary Report
$29,000
Min 10%
$57,000
Median 50%
$57,000
Median 50%
$57,000
Median 50%
$57,000
Median 50%
$57,000
Median 50%
$57,000
Median 50%
$57,000
Median 50%
$113,000
Max 90%
Best Paying Company
CalAtlantic Group Inc.
Highest Paying City
Minneapolis, MN
Highest Paying State
Alaska
Avg Experience Level
2.5 years
How much does a Closing Coordinator make at top companies?
The national average salary for a Closing Coordinator in the United States is $57,631 per year or $28 per hour. Those in the bottom 10 percent make under $29,000 a year, and the top 10 percent make over $113,000.

How Would You Rate The Salary Of a Closing Coordinator?

Have you worked as a Closing Coordinator? Help other job seekers by rating your experience as a Closing Coordinator.

Top Skills for A Closing Coordinator

  1. Loan Applications
  2. Title Companies
  3. Lenders
You can check out examples of real life uses of top skills on resumes here:
  • Reviewed and approved shareholder refinancing/equity loan applications including recognition agreements, stock certificates, and proprietary leases.
  • Maintain email correspondence/communications and schedule closing with closing agents/ title companies.
  • Assigned notaries nationally for major lenders and banking institutions for purchase or refinance of commercial and residential properties.
  • Prepared documents for real estate closings including processing files for the title examiner and verifying the review of documents.
  • Track all post-closing documents to ensure final HUD-1 statements, recorded mortgages and final title policies are received and properly documented.

Closing Coordinator Demographics

Gender

Female

70.0%

Male

19.4%

Unknown

10.6%
Ethnicity

White

62.5%

Hispanic or Latino

16.9%

Black or African American

11.3%

Asian

6.2%

Unknown

3.1%
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Foreign Languages Spoken

Spanish

59.7%

French

5.2%

Portuguese

5.2%

Chinese

5.2%

German

4.5%

Vietnamese

3.0%

Russian

3.0%

Greek

2.2%

Italian

2.2%

Mandarin

1.5%

Carrier

1.5%

Swedish

0.7%

Marshallese

0.7%

Gujarati

0.7%

Hindi

0.7%

Albanian

0.7%

Tagalog

0.7%

Irish

0.7%

Japanese

0.7%

Czech

0.7%
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Closing Coordinator Education

Schools

University of Phoenix

21.6%

Community College of Allegheny County

6.9%

Robert Morris University

6.6%

Community College of Beaver County

5.6%

Strayer University

5.6%

Kaplan University

5.6%

University of Pittsburgh -

4.9%

Miami Dade College

4.7%

Ohio State University

4.2%

Florida International University

3.7%

Indiana University of Pennsylvania

3.7%

The Academy

3.2%

Pennsylvania State University

3.2%

Oakland Community College

3.2%

Ashford University

2.9%

Florida State College at Jacksonville

2.9%

West Virginia University

2.9%

Florida State University

2.9%

University of Central Florida

2.9%

Arizona State University

2.7%
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Majors

Business

31.7%

Legal Support Services

8.0%

Accounting

7.6%

Real Estate

5.7%

Finance

4.7%

Communication

4.6%

Criminal Justice

4.4%

Psychology

4.0%

Health Care Administration

3.3%

Management

2.9%

Liberal Arts

2.8%

General Studies

2.7%

Education

2.6%

Marketing

2.3%

Law

2.3%

English

2.2%

Human Resources Management

2.2%

Political Science

2.1%

Medical Assisting Services

2.0%

Sociology

1.6%
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Degrees

Bachelors

36.7%

Other

28.2%

Associate

16.5%

Masters

7.1%

Certificate

6.6%

Diploma

2.0%

License

1.5%

Doctorate

1.4%
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Top Closing Coordinator Employers

Jobs From Top Closing Coordinator Employers

Closing Coordinator Videos

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