Credit products officer vs closer

The differences between credit products officers and closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a credit products officer and a closer. Additionally, a credit products officer has an average salary of $99,608, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a credit products officer include credit analysis, financial statements and credit quality. The most important skills for a closer are customer service, cleanliness, and punctuality.

Credit products officer vs closer overview

	Credit Products Officer	Closer
Yearly salary	$99,608	$29,291
Hourly rate	$47.89	$14.08
Growth rate	4%	4%
Number of jobs	62,628	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Credit products officer vs closer salary

Credit products officers and closers have different pay scales, as shown below.

	Credit Products Officer	Closer
Average salary	$99,608	$29,291
Salary range	Between $58,000 And $170,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between credit products officer and closer education

There are a few differences between a credit products officer and a closer in terms of educational background:

	Credit Products Officer	Closer
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit products officer vs closer demographics

Here are the differences between credit products officers' and closers' demographics:

	Credit Products Officer	Closer
Average age	45	45
Gender ratio	Male, 48.8% Female, 51.2%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	Black 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%
LGBT Percentage	8%	8%

Differences between credit products officer and closer duties and responsibilities

Credit products officer example responsibilities.

Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Implement SOX compliance for all AR audit functions.
Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

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.

Credit products officer vs closer skills

Common credit products officer skills

Credit Analysis, 29%
Financial Statements, 20%
Credit Quality, 20%
Portfolio Management, 15%
Credit Approval, 4%
Financial Analysis, 4%

Common closer skills

Customer Service, 42%
Cleanliness, 31%
Punctuality, 8%
Dependability, 4%
Food Orders, 4%
Work Ethic, 1%