Average Transaction Coordinator Salary
$34,000 yearly
$12.14 hourly
Updated July 8, 2021
$24,000
10 %
$34,000
Median
$49,000
90 %
Transaction coordinators in the United States make an average salary of $34,480 per year or $16.58 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $49,000. As most things go, location can be critical. Alaska, California, Washington, New Jersey, and North Dakota provide the highest transaction coordinator salaries.

Average Transaction Coordinator Salary By State

The darker areas on the map show where transaction coordinators earn the highest salaries across all 50 states.

Average Salary

Transaction Coordinator average salary by State

StateascdescAvg. salaryascdescHourly rateascdesc
Alabama
Alabama
$30,700
$30,700
$14.76
$14.76
Alaska
Alaska
$45,513
$45,513
$21.88
$21.88
Arizona
Arizona
$35,020
$35,020
$16.84
$16.84
Arkansas
Arkansas
$34,378
$34,378
$16.53
$16.53
California
California
$45,272
$45,272
$21.77
$21.77
Colorado
Colorado
$35,445
$35,445
$17.04
$17.04
Connecticut
Connecticut
$40,680
$40,680
$19.56
$19.56
Delaware
Delaware
$33,571
$33,571
$16.14
$16.14
District of Columbia
District of Columbia
$43,305
$43,305
$20.82
$20.82
Florida
Florida
$38,681
$38,681
$18.60
$18.60
Georgia
Georgia
$33,673
$33,673
$16.19
$16.19
Hawaii
Hawaii
$33,693
$33,693
$16.20
$16.20
Idaho
Idaho
$26,025
$26,025
$12.51
$12.51
Illinois
Illinois
$37,748
$37,748
$18.15
$18.15
Indiana
Indiana
$34,431
$34,431
$16.55
$16.55
Iowa
Iowa
$30,390
$30,390
$14.61
$14.61
Kansas
Kansas
$36,879
$36,879
$17.73
$17.73
Kentucky
Kentucky
$31,077
$31,077
$14.94
$14.94
Louisiana
Louisiana
$31,501
$31,501
$15.14
$15.14
Maine
Maine
$33,446
$33,446
$16.08
$16.08
Maryland
Maryland
$36,483
$36,483
$17.54
$17.54
Massachusetts
Massachusetts
$39,690
$39,690
$19.08
$19.08
Michigan
Michigan
$32,065
$32,065
$15.42
$15.42
Minnesota
Minnesota
$37,921
$37,921
$18.23
$18.23
Mississippi
Mississippi
$30,802
$30,802
$14.81
$14.81
Missouri
Missouri
$32,484
$32,484
$15.62
$15.62
Montana
Montana
$31,404
$31,404
$15.10
$15.10
Nebraska
Nebraska
$32,066
$32,066
$15.42
$15.42
Nevada
Nevada
$32,301
$32,301
$15.53
$15.53
New Hampshire
New Hampshire
$39,046
$39,046
$18.77
$18.77
New Jersey
New Jersey
$42,233
$42,233
$20.30
$20.30
New Mexico
New Mexico
$33,588
$33,588
$16.15
$16.15
New York
New York
$38,455
$38,455
$18.49
$18.49
North Carolina
North Carolina
$33,091
$33,091
$15.91
$15.91
North Dakota
North Dakota
$42,113
$42,113
$20.25
$20.25
Ohio
Ohio
$32,072
$32,072
$15.42
$15.42
Oklahoma
Oklahoma
$35,066
$35,066
$16.86
$16.86
Oregon
Oregon
$36,007
$36,007
$17.31
$17.31
Pennsylvania
Pennsylvania
$31,921
$31,921
$15.35
$15.35
Rhode Island
Rhode Island
$34,596
$34,596
$16.63
$16.63
South Carolina
South Carolina
$29,525
$29,525
$14.19
$14.19
South Dakota
South Dakota
$32,489
$32,489
$15.62
$15.62
Tennessee
Tennessee
$33,970
$33,970
$16.33
$16.33
Texas
Texas
$38,273
$38,273
$18.40
$18.40
Utah
Utah
$32,837
$32,837
$15.79
$15.79
Vermont
Vermont
$37,460
$37,460
$18.01
$18.01
Virginia
Virginia
$40,068
$40,068
$19.26
$19.26
Washington
Washington
$43,314
$43,314
$20.82
$20.82
West Virginia
West Virginia
$41,212
$41,212
$19.81
$19.81
Wisconsin
Wisconsin
$37,317
$37,317
$17.94
$17.94
Wyoming
Wyoming
$31,510
$31,510
$15.15
$15.15

Highest Paying Cities For Transaction Coordinator

0 selections
CityascdescAvg. salaryascdescHourly rateascdesc
San Francisco, CA
San Francisco, CA
$46,976
$46,976
$22.58
$22.58
Washington, DC
Washington, DC
$43,343
$43,343
$20.84
$20.84
Newark, NJ
Newark, NJ
$42,332
$42,332
$20.35
$20.35
Farmington, CT
Farmington, CT
$40,546
$40,546
$19.49
$19.49
Virginia Beach, VA
Virginia Beach, VA
$40,067
$40,067
$19.26
$19.26
Austin, TX
Austin, TX
$38,747
$38,747
$18.63
$18.63

The largest raises come from changing jobs.

See what's out there.

Average Transaction Coordinator Salary Over Time

Compare salaries for individual cities or states with the national average.

Location

    Average JOB Salary by Field

    Loan Services Representative

    Avg. salary: $30,794

    A loan service representative is responsible for communicating and interacting with clients and serves as a back-up or reliever in a company. They are the first person that the client must go through if they want to apply for a loan. Loan representatives monitor and ensure that all data and information is properly documented using a loan processing system. Also, they are the ones who inspect and verify if a company is complying with the transaction rules as well as the loan procedures and regulations.
    37,972 Loan Services Representative Jobs
    Mortgage Processor

    Avg. salary: $40,193

    A mortgage processor is responsible for reviewing mortgage loan applications, evaluating applicants' documents, and verifying their eligibility for approval. Mortgage processors consider the applicant's financial statements, credit score, and other possible mortgage options. They also interview loan applicants to confirm the accuracy of submitted documents and keep them updated with the progress and final decisions. A mortgage processor works closely with the underwriting department for loan applications subject for further review. The mortgage processor needs to have a broad knowledge of the banking industry and loan procedures to guide the applicants with their application inquiries and concerns.
    6,815 Mortgage Processor Jobs
    Mortgage Loan Processor

    Avg. salary: $41,782

    A mortgage loan processor is a person who is responsible for the preparation of mortgage applications and any other paperwork. Mortgage loan processors interview the loan applicants, assist them in selecting the right mortgage, and approve or reject their applications. They are expected to have excellent communication, extraordinary interpersonal abilities, and strong attention to detail. Their job involves working with the loan officer and the underwriter. Also, they must be equipped with management skills and aptitude in math.
    10,672 Mortgage Loan Processor Jobs
    Loan Processor

    Avg. salary: $40,378

    A loan processor is responsible for assisting customers with their loan requests, ensuring their eligibility, and choosing the best loan options for their needs. Loan processors carefully review loan application documents and prepare loan proposals for underwriting, analyzing the applicant's financial status and credit scores, processing repayment plans, and adhering to banking and financial regulations. A loan processor must have excellent knowledge of the banking industry and processes to provide the best loan services for the customers efficiently and accurately.
    9,229 Loan Processor Jobs
    Loan Closer

    Avg. salary: $39,689

    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.
    6,178 Loan Closer Jobs
    Post Closer

    Avg. salary: $36,380

    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.
    2,193 Post Closer Jobs

    Transaction Coordinator Salaries By Years Of Experience

    The salary for a transaction coordinator can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Which Companies Pay Transaction Coordinators The Most?

    If you want to get paid the most as a transaction coordinator, being employed by a company such as Deutsche Bank or JPMorgan Chase & Co. would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Marcus & Millichap and Oregon also report highly competitive salaries for transaction coordinators.
    Company

    Recently Added Transaction Coordinator Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Transaction Coordinator
    Transaction Coordinator
    New Smyrna Beach, FL
    New Smyrna Beach, FL
    06/11/2021
    06/11/2021
    $39,653
    $39,653
    06/11/2021
    Transaction Coordinator
    Transaction Coordinator
    Greenwood Village, CO
    Greenwood Village, CO
    06/10/2021
    06/10/2021
    $50,000
    $50,000
    06/10/2021
    Transaction Coordinator
    Transaction Coordinator
    Greenwood Village, CO
    Greenwood Village, CO
    06/09/2021
    06/09/2021
    $50,000
    $50,000
    06/09/2021
    Real Estate Transaction Coordinator
    Real Estate Transaction Coordinator
    Maryland
    Maryland
    05/25/2021
    05/25/2021
    $45,000
    $45,000
    05/25/2021
    Real Estate Transaction Coordinator
    Real Estate Transaction Coordinator
    Phoenix, AZ
    Phoenix, AZ
    03/28/2021
    03/28/2021
    $41,740
    $41,740
    03/28/2021
    Guild Holdings Company
    Guild Holdings Company
    Transaction Coordinator (L2C)
    Transaction Coordinator (L2C)
    Transaction Coordinator (L2C)
    Denver, CO
    Denver, CO
    03/23/2021
    03/23/2021
    $29,730
    $29,730
    03/23/2021
    Renters Warehouse
    Renters Warehouse
    Transaction Coordinator (46112)
    Transaction Coordinator (46112)
    Transaction Coordinator (46112)
    Eden Prairie, MN
    Eden Prairie, MN
    03/04/2021
    03/04/2021
    $33,392
    $33,392
    03/04/2021
    Real Estate Transaction Coordinator
    Real Estate Transaction Coordinator
    Frederick, MD
    Frederick, MD
    09/12/2020
    09/12/2020
    $35,000
    $35,000
    09/12/2020
    Pace Staffing Network
    Pace Staffing Network
    Commission Transaction Coordinator
    Commission Transaction Coordinator
    Commission Transaction Coordinator
    Seattle, WA
    Seattle, WA
    07/06/2020
    07/06/2020
    $56,349
    $56,349
    07/06/2020
    Marketing & Transaction Coordinator
    Marketing & Transaction Coordinator
    Chicago, IL
    Chicago, IL
    06/19/2020
    06/19/2020
    $50,000
    $50,000
    06/19/2020

    Average Transaction Coordinator Salary by Demographic

    Transaction Coordinator Gender Pay Gap

    male-income
    Male Income
    $38,082
    female-income
    Female Income
    $36,838
    Median Transaction Coordinator Income by Race
    Asian transaction coordinators have the highest average salary compared to other ethnicities. Black or african american transaction coordinators have the lowest average salary at $36,694.
    $39,000
    $38,000
    $37,000
    $36,000
    White
    Black or African American
    Asian
    Unknown
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    White$37,272
    Black or African American$36,694
    Asian$38,300
    Unknown$37,369
    Hispanic or Latino$37,667
    Average Transaction Coordinator Salary by Education Level
    Transaction coordinators with a Masters degree earn more than those without, at $38,234 annually. With a Bachelors degree, transaction coordinators earn a median annual income of $36,848 compared to $36,838 for transaction coordinators with an High School Diploma degree.
    $39,000
    $38,000
    $37,000
    $36,000
    High School Diploma or Less
    Some College/ Associate Degree
    Bachelor's Degree
    Master's Degree
    Educationascdesc
    Salaryascdesc
    High School Diploma or Less$36,838
    Some College/ Associate Degree$36,538
    Bachelor's Degree$36,848
    Master's Degree$38,234