Disbursing officer vs closer

The differences between disbursing 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 disbursing officer and a closer. Additionally, a disbursing officer has an average salary of $33,641, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a disbursing officer include financial management, payroll services and treasury. The most important skills for a closer are customer service, cleanliness, and punctuality.

Disbursing officer vs closer overview

	Disbursing Officer	Closer
Yearly salary	$33,641	$29,291
Hourly rate	$16.17	$14.08
Growth rate	4%	4%
Number of jobs	56,773	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Disbursing officer vs closer salary

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

	Disbursing Officer	Closer
Average salary	$33,641	$29,291
Salary range	Between $23,000 And $48,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between disbursing officer and closer education

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

	Disbursing Officer	Closer
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Disbursing officer vs closer demographics

Here are the differences between disbursing officers' and closers' demographics:

	Disbursing Officer	Closer
Average age	45	45
Gender ratio	Male, 59.8% Female, 40.2%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% 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 disbursing officer and closer duties and responsibilities

Disbursing officer example responsibilities.

Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
Research and input EFT (electronic funds transfer) information.
Collect loan proceeds and deposit funds into escrow accounts.
Resolve pay/leave problems in coordination with DFAS payroll offices.
Prepare & endorse U.S. Treasury checks for witness fees and death gratuity payments.
Execute electronic funds transfers for civilian payroll and issue reports to U.S. Treasury.

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.

Disbursing officer vs closer skills

Common disbursing officer skills

Financial Management, 25%
Payroll Services, 14%
Treasury, 12%
Internal Controls, 6%
Financial Aid Funds, 5%
Travel Claims, 3%

Common closer skills

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