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The differences between loan closers and post closers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a loan closer and a post closer. Additionally, a loan closer has an average salary of $39,093, which is higher than the $38,045 average annual salary of a post closer.
The top three skills for a loan closer include customer service, excellent organizational and TRID. The most important skills for a post closer are loan packages, post-closer, and FHA.
| Loan Closer | Post Closer | |
| Yearly salary | $39,093 | $38,045 |
| Hourly rate | $18.79 | $18.29 |
| Growth rate | -3% | -3% |
| Number of jobs | 11,431 | 10,407 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 41% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
A loan closer is primarily in charge of handling and closing loan documentation, ensuring accuracy and smooth transactions. A loan closer's responsibilities revolve around liaising with clients to guarantee that they adhere to every term in the contract, preparing necessary reports and documents, monitoring payment progress, and ensuring that they have a deep understanding of the obligations under the contract. Furthermore, it is essential to maintain records of all transactions and assist clients, all while implementing the company's policies and regulations.
Post closers require an associate degree or certification in addition to 1-3 years of related experience. Skills in customer support, document review, loan processing, quality assurance processing, and loan software are also necessary for this career. Port closers assist with the mortgage loan closing process by reviewing loan documents for compliance, completeness, and accuracy. They also find missing information, prepare files and provide internal and external customer support.
Loan closers and post closers have different pay scales, as shown below.
| Loan Closer | Post Closer | |
| Average salary | $39,093 | $38,045 |
| Salary range | Between $30,000 And $50,000 | Between $29,000 And $48,000 |
| Highest paying City | Bellevue, WA | San Ramon, CA |
| Highest paying state | Washington | California |
| Best paying company | Tata Group | Amplify Credit Union |
| Best paying industry | Finance | Insurance |
There are a few differences between a loan closer and a post closer in terms of educational background:
| Loan Closer | Post Closer | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan closers' and post closers' demographics:
| Loan Closer | Post Closer | |
| Average age | 42 | 42 |
| Gender ratio | Male, 22.6% Female, 77.4% | Male, 21.6% Female, 78.4% |
| Race ratio | Black or African American, 12.9% Unknown, 4.3% Hispanic or Latino, 14.8% Asian, 7.0% White, 60.6% American Indian and Alaska Native, 0.4% | Black or African American, 13.4% Unknown, 4.2% Hispanic or Latino, 16.7% Asian, 6.6% White, 58.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 7% |