There is more than meets the eye when it comes to being a loan closer. For example, did you know that they make an average of $18.67 an hour? That's $38,837 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 loan closers 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 dexterity, math skills and mechanical skills.
When it comes to the most important skills required to be a loan closer, we found that a lot of resumes listed 21.1% of loan closers included loan applications, while 11.3% of resumes included title companies, and 9.6% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the loan closer job title. But what industry to start with? Most loan closers actually find jobs in the finance and professional industries.
If you're interested in becoming a loan closer, one of the first things to consider is how much education you need. We've determined that 39.7% of loan closers have a bachelor's degree. In terms of higher education levels, we found that 7.9% of loan closers have master's degrees. Even though some loan closers 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 loan closer. When we researched the most common majors for a loan closer, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on loan closer resumes include associate degree degrees or master's degree degrees.
You may find that experience in other jobs will help you become a loan closer. In fact, many loan closer jobs require experience in a role such as loan processor. Meanwhile, many loan closers also have previous career experience in roles such as customer service representative or mortgage loan processor.