Loan supervisor vs closer

The differences between loan 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 supervisor and a closer. Additionally, a loan supervisor has an average salary of $67,504, which is higher than the $29,291 average annual salary of a closer.

The top three skills for a loan supervisor include customer service, real estate and financial statements. The most important skills for a closer are customer service, cleanliness, and punctuality.

Loan supervisor vs closer overview

	Loan Supervisor	Closer
Yearly salary	$67,504	$29,291
Hourly rate	$32.45	$14.08
Growth rate	4%	4%
Number of jobs	9,606	7,560
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 35%
Average age	45	45
Years of experience	6	6

Loan supervisor vs closer salary

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

	Loan Supervisor	Closer
Average salary	$67,504	$29,291
Salary range	Between $46,000 And $98,000	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 supervisor and closer education

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

	Loan Supervisor	Closer
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Loan supervisor vs closer demographics

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

	Loan Supervisor	Closer
Average age	45	45
Gender ratio	Male, 36.4% Female, 63.6%	Male, 45.0% Female, 55.0%
Race ratio	Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% 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 supervisor and closer duties and responsibilities

Loan supervisor example responsibilities.

Manage loan origination underwriting and funding teams for dealer and consumer financial products and services.
Receive loans originate by multiple loan officers, gather all necessary documentation and submit complete underwriting packages to lenders.
Analyze mortgagors for approval of HAMP or traditional modification.

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 supervisor vs closer skills

Common loan supervisor skills

Customer Service, 14%
Real Estate, 13%
Financial Statements, 9%
Escrow, 7%
Mortgage Loans, 6%
Direct Reports, 5%

Common closer skills

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