Farm loan representative vs closer

The differences between farm loan representatives 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 farm loan representative and a closer. Additionally, a farm loan representative has an average salary of $44,638, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a farm loan representative include customer service, and . The most important skills for a closer are customer service, cleanliness, and punctuality.

Farm loan representative vs closer overview

	Farm Loan Representative	Closer
Yearly salary	$44,638	$29,291
Hourly rate	$21.46	$14.08
Growth rate	4%	4%
Number of jobs	23,791	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Farm loan representative vs closer salary

Farm loan representatives and closers have different pay scales, as shown below.

	Farm Loan Representative	Closer
Average salary	$44,638	$29,291
Salary range	Between $27,000 And $72,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between farm loan representative and closer education

There are a few differences between a farm loan representative and a closer in terms of educational background:

	Farm Loan Representative	Closer
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Farm loan representative vs closer demographics

Here are the differences between farm loan representatives' and closers' demographics:

	Farm Loan Representative	Closer
Average age	45	45
Gender ratio	Male, 34.4% Female, 65.6%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.4% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 4.8% White, 64.4% 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 farm loan representative and closer duties and responsibilities

Farm loan representative example responsibilities.

Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.

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.

Farm loan representative vs closer skills

Common farm loan representative skills

Customer Service, 100%

Common closer skills

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