Mortgage clerk vs closing coordinator

The differences between mortgage clerks and closing coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a mortgage clerk and a closing coordinator. Additionally, a closing coordinator has an average salary of $39,066, which is higher than the $31,722 average annual salary of a mortgage clerk.

The top three skills for a mortgage clerk include data entry, outbound calls and real estate. The most important skills for a closing coordinator are customer service, escrow, and HOA.

Mortgage clerk vs closing coordinator overview

	Mortgage Clerk	Closing Coordinator
Yearly salary	$31,722	$39,066
Hourly rate	$15.25	$18.78
Growth rate	-3%	-3%
Number of jobs	69,111	19,203
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 50%
Average age	42	42
Years of experience	4	4

Mortgage clerk vs closing coordinator salary

Mortgage clerks and closing coordinators have different pay scales, as shown below.

	Mortgage Clerk	Closing Coordinator
Average salary	$31,722	$39,066
Salary range	Between $25,000 And $40,000	Between $29,000 And $52,000
Highest paying City	Highlands Ranch, CO	Kirkland, WA
Highest paying state	Maryland	Washington
Best paying company	Kelly Services	HarbourVest
Best paying industry	Finance	Finance

Differences between mortgage clerk and closing coordinator education

There are a few differences between a mortgage clerk and a closing coordinator in terms of educational background:

	Mortgage Clerk	Closing Coordinator
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 50%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Mortgage clerk vs closing coordinator demographics

Here are the differences between mortgage clerks' and closing coordinators' demographics:

	Mortgage Clerk	Closing Coordinator
Average age	42	42
Gender ratio	Male, 25.5% Female, 74.5%	Male, 20.8% Female, 79.2%
Race ratio	Black or African American, 12.9% Unknown, 4.6% Hispanic or Latino, 13.9% Asian, 7.3% White, 60.8% American Indian and Alaska Native, 0.5%	Black or African American, 12.7% Unknown, 4.7% Hispanic or Latino, 15.8% Asian, 6.3% White, 59.9% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between mortgage clerk and closing coordinator duties and responsibilities

Mortgage clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Insure government loans utilizing VA and FHA website.
Team player with imaging area and completing deliver FNMA, PNC.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Process and underwrite conventional purchase and refinance mortgage transactions primarily under FHLMC guidelines in a centralize regional operations center.

Closing coordinator example responsibilities.

Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
Endorse VA and HUD mortgage insurance, paid premiums and send documents to proper personnel.
Audit loans purchase for GNMA, FNMA & FHLMC to ensure they meet their guidelines.
Facilitate processors in getting FHA close loan packages out to FHA to meet the insurance deadlines.
Review of foreclosure deeds for correctness including vesting, recording information, and notary acknowledgment.
Organize date into TSS and compose title binder for mortgage processing.

Mortgage clerk vs closing coordinator skills

Common mortgage clerk skills

Data Entry, 68%
Outbound Calls, 9%
Real Estate, 4%
Telephone Calls, 4%
Tax Payments, 2%
Computer System, 2%

Common closing coordinator skills

Customer Service, 23%
Escrow, 8%
HOA, 5%
HUD-1, 5%
Lender Approval, 5%
Settlement Statements, 5%