How much does a Mortgage Closer make in Memphis, TN? The average Mortgage Closer salary in Memphis, TN is $46,213 as of February 26, 2024, but the range typically falls between $40,990 and $52,736. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Mortgage Closer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Closer Salary $36,234 Memphis,TN February 26, 2024
25th Percentile Mortgage Closer Salary $40,990 Memphis,TN February 26, 2024
50th Percentile Mortgage Closer Salary $46,213 Memphis,TN February 26, 2024
75th Percentile Mortgage Closer Salary $52,736 Memphis,TN February 26, 2024
90th Percentile Mortgage Closer Salary $58,674 Memphis,TN February 26, 2024
25% $40,990 10% $36,234 90% $58,674 75% $52,736 $46,213 50%(Median) Didn’t find job title? Click
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Job Description for Mortgage Closer

Mortgage Closer reviews all submitted material and prepares closing documents for mortgage loans. Maintains loan files and verifies information is correct, accurate, and complete. Being a Mortgage Closer gathers missing information as needed and acquires necessary signatures. Performs final closing calculations and coordinates the closing of loans and disbursement of loan funds. Additionally, Mortgage Closer ensures all documents are sent to appropriate departments and are in compliance with all regulations. Requires a high school diploma. Typically reports to a supervisor. The Mortgage Closer works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Closer typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Closer in Memphis, TN

Career Path for Mortgage Closer

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Closer, the first career path typically progresses to Mortgage Loan Funding Manager.

Additionally, the second career path typically starts with a Mortgage Closer, Sr. position, and then progresses to Mortgage Closing Manager.

Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
Advanced Oxygen Technologies, Inc., through its subsidiaries, owns and leases a commercial real estate property in Vojens, Denmark. It also engages in the distribution and sale of security straps and tie downs. The company was formerly known as Aquanautic Corporation. The company was incorporated in 1981 and is headqua... More
Fiscal Year Ended in 2023
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Mortgage Closer salary varies from city to city. Compared with national average salary of Mortgage Closer, the highest Mortgage Closer salary is in San Francisco, CA, where the Mortgage Closer salary is 25.0% above. The lowest Mortgage Closer salary is in Miami, FL, where the Mortgage Closer salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Mortgage Closer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
40990
52736
46213

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
42440
55432
48363
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Closer in Memphis, TN. The base salary for Mortgage Closer ranges from $40,990 to $52,736 with the average base salary of $46,213. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $42,440 to $55,432 with the average total cash compensation of $48,363.
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For a real-time salary target, tell us more about your role in the four categories below.

40990
52736

 

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How much should you be paid?

About Memphis, Tennessee    Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, m....More

Memphis, Tennessee  area prices were up 1.3% from a year ago    View the Cost of Living in Memphis, Tennessee

Mortgage Closer Salary in popular cities: NashvilleKnoxvilleChattanooga

Skills associated with Mortgage Closer: Document Processing, Loan Software, Document Review, Quality Assurance Process ...More

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