Loan processing supervisor vs closer

The differences between loan processing supervisors 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 loan processing supervisor and a closer. Additionally, a loan processing supervisor has an average salary of $35,560, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a loan processing supervisor include customer service, loan applications and FHA. The most important skills for a closer are customer service, cleanliness, and punctuality.

Loan processing supervisor vs closer overview

	Loan Processing Supervisor	Closer
Yearly salary	$35,560	$29,291
Hourly rate	$17.10	$14.08
Growth rate	4%	4%
Number of jobs	18,892	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Loan processing supervisor vs closer salary

Loan processing supervisors and closers have different pay scales, as shown below.

	Loan Processing Supervisor	Closer
Average salary	$35,560	$29,291
Salary range	Between $21,000 And $57,000	Between $20,000 And $40,000
Highest paying City	-	Greece, NY
Highest paying state	-	Hawaii
Best paying company	-	GPAC
Best paying industry	-	-

Differences between loan processing supervisor and closer education

There are a few differences between a loan processing supervisor and a closer in terms of educational background:

	Loan Processing Supervisor	Closer
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan processing supervisor vs closer demographics

Here are the differences between loan processing supervisors' and closers' demographics:

	Loan Processing Supervisor	Closer
Average age	45	45
Gender ratio	Male, 22.9% Female, 77.1%	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, 63.9% 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 loan processing supervisor and closer duties and responsibilities

Loan processing supervisor example responsibilities.

Manage a $21MM portfolio of criticize assets to resolve delinquent obligations as determined by the FDIC.
Manage the organization's HMDA data and accurately complete the government reporting annually.
Submit files to FHA and VA for government insuring.
Experience processing FHA, Conv.
Ensure timely and consistent communication occur with borrowers and agents from origination to close.
Supervise loan personnel at times and interact with various lenders within a local private-own loan origination company.

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.

Loan processing supervisor vs closer skills

Common loan processing supervisor skills

Customer Service, 15%
Loan Applications, 15%
FHA, 7%
Va, 7%
Origination, 7%
Loan Packages, 6%

Common closer skills

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