BLS OEWS May 2025

Loan Documentation and Closing Specialist (commercial loan closer) salary, United States

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For a Loan Documentation and Closing Specialist (commercial loan closer) pay comparison, the mapped occupation is Loan Interviewers and Clerks (SOC 43-4131). Its U.S. median annual wage is $50,020 (BLS, May 2025). This is an occupation benchmark, not a separate title-specific compensation survey.

Broader occupation

BLS reports Loan Documentation and Closing Specialist (commercial loan closer) within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.

United States: the middle half of workers earned $45,120 to $60,600, with a median of $50,020. The thin line runs from the 10th to the 90th percentile.Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025.

Annual wage percentiles, United States, BLS May 2025
Percentile	Wage	What it means
10th	$37,330	10% of workers in this occupation and area earned less than this.
25th	$45,120	25% earned less than this.
Median	$50,020	Half earned less and half earned more.
75th	$60,600	75% earned less than this.
90th	$69,770	90% earned less than this.
Mean	$52,520	Average wage across all workers.

United States: the middle half of workers earned $21.69 to $29.14, with a median of $24.05. The thin line runs from the 10th to the 90th percentile.Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025.

Hourly wage percentiles, United States, BLS May 2025
Percentile	Wage	What it means
10th	$17.95	10% of workers in this occupation and area earned less than this.
25th	$21.69	25% earned less than this.
Median	$24.05	Half earned less and half earned more.
75th	$29.14	75% earned less than this.
90th	$33.55	90% earned less than this.
Mean	$25.25	Average wage across all workers.

What BLS wages include and exclude

Wages for the OEWS survey are straight-time, gross pay, exclusive of premium pay. Base rate; cost-of-living allowances; guaranteed pay; hazardous-duty pay; incentive pay, including commissions and production bonuses; and tips are included. Excluded are overtime pay, severance pay, shift differentials, nonproduction bonuses, employer cost for supplementary benefits, and tuition reimbursements.

Employment, U.S.: 164,790
Mean annual wage: $52,520
Reference period: May 2025

Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, released 2026-05-15. SOC 43-4131 Loan Interviewers and Clerks, United States. BLS source tables and downloads; release notes. Select this SOC and area in the source files; the tables index is not an exact-row link.

Target metros

Loan Documentation and Closing Specialist (commercial loan closer) by metro, annual wages, BLS May 2025
Metro	Median	P25 to P75	Employment	Location quotient
Miami	$49,410	$39,950 to $63,400	2,400	0.80
Tampa	$50,510	$46,550 to $61,260	1,980	1.29
Orlando	$50,160	$44,780 to $60,700	1,500	1.00
Raleigh	$51,600	$47,260 to $61,410	850	1.07
New York City	$60,190	$52,870 to $71,270	4,710	0.47
Northern New Jersey	$60,190	$52,870 to $71,270	4,710	0.47
Dallas	$51,470	$47,920 to $61,220	6,300	1.47
Chicago	$53,870	$47,480 to $62,220	4,560	0.95

A location quotient above 1 means the occupation is more concentrated in that metro than in the nation. Northern New Jersey figures come from the broader New York metro.

Every published area

Choose a state, metropolitan area or nonmetropolitan area. We create an area page only when BLS released a median. The other areas remain available in the tools with labeled state or national fallbacks.

Metro rankings and pay relative to local wages

Browse 515 areas with a published median

By industry

These are national industry estimates for SOC 43-4131 Loan Interviewers and Clerks, not a separate estimate for this title. Industry names below are exactly as BLS publishes them. Private-sector rows are labeled when an all-ownership estimate is not available.

BLS OEWS May 2025, national annual wages by industry
BLS industry	NAICS	Ownership	P25	Median	P75	Employment
Construction	23	Private	$54,350	$60,510	$68,200	570
Construction of Buildings	236000	Private	$54,990	$60,760	$68,200	540
Residential Building Construction	236100	Private	$54,990	$60,760	$67,990	540
Manufacturing	31-33	Private	$48,490	$60,020	$63,610	Not published by BLS
Information	51	Private	$44,780	$46,580	$56,160	60
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services	518000	Private	$45,170	$46,610	$58,410	Not published by BLS
Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services	518200	Private	$45,170	$46,610	$58,410	Not published by BLS
Finance and Insurance	52	Private	$45,160	$49,900	$60,450	141,310
Credit Intermediation and Related Activities	522000	Private	$45,010	$49,860	$60,400	132,850
Credit Intermediation and Related Activities (5221 and 5223 only)	5220A1	Private	$46,040	$50,130	$60,300	83,760
Nondepository Credit Intermediation	522200	Private	$40,490	$49,150	$60,640	49,100
Other Nondepository Credit Intermediation	522290	Private	$39,980	$48,990	$60,770	45,480
Securities, Commodity Contracts, and Other Financial Investments and Related Activities	523000	Private	$50,140	$62,470	$77,260	470
Insurance Carriers and Related Activities	524000	Private	$46,650	$50,250	$60,770	7,870
Insurance Carriers	524100	Private	$46,600	$50,250	$61,220	7,140
Direct Insurance (except Life, Health, and Medical) Carriers	524120	Private	$46,590	$50,220	$61,250	7,060
Agencies, Brokerages, and Other Insurance Related Activities	524200	Private	$46,800	$50,040	$50,880	730
Insurance Agencies and Brokerages	524210	Private	$46,800	$50,360	$50,880	710
Funds, Trusts, and Other Financial Vehicles	525000	Private	$47,440	$48,690	$52,430	120
Other Investment Pools and Funds	525900	Private	$47,440	$48,690	$52,420	100
Real Estate and Rental and Leasing	53	Private	$44,420	$50,420	$60,380	3,080
Real Estate	531000	Private	$44,970	$51,170	$60,560	3,010
Rental and Leasing Services	532000	Private	$42,570	$44,650	$53,070	Not published by BLS
Rental and Leasing Services (5322, 5323, and 5324 only)	5320A1	Private	$42,240	$44,160	$44,660	Not published by BLS
Professional, Scientific, and Technical Services	54	Private	$44,910	$50,640	$60,520	6,560
Professional, Scientific, and Technical Services	541000	Private	$44,910	$50,640	$60,520	6,560
Legal Services	541100	Private	$44,980	$50,070	$59,430	5,260
Computer Systems Design and Related Services	541500	Private	$50,640	$60,480	$63,560	740
Management, Scientific, and Technical Consulting Services	541600	Private	$37,710	$47,440	$54,490	320
Other Professional, Scientific, and Technical Services	541900	Private	$41,120	$49,270	$63,750	210
Management of Companies and Enterprises	55	Private	$47,370	$51,900	$62,390	9,360
Management of Companies and Enterprises	551000	Private	$47,370	$51,900	$62,390	9,360
Management of Companies and Enterprises	551100	Private	$47,370	$51,900	$62,390	9,360
Social Assistance	624000	Private	$44,770	$48,310	$60,000	160
Individual and Family Services	624100	Private	$43,770	$46,740	$55,120	Not published by BLS
Community Food and Housing, and Emergency and Other Relief Services	624200	Private	$44,770	$52,070	$71,270	90

Source: U.S. Bureau of Labor Statistics, OEWS May 2025, national industry-specific rows. BLS tables.

What changed since May 2024

Loan Documentation and Closing Specialist (commercial loan closer) median annual wage, United States
Release	Median
BLS OEWS May 2024	$48,950
BLS OEWS May 2025	$50,020

The published medians differ by $1,070. Sources: U.S. Bureau of Labor Statistics, OEWS May 2024 and May 2025. This is not an annualized growth claim. Area definitions and the workers represented can change.

What belongs in the pay comparison

OEWS includes straight-time gross wages, guaranteed pay, commissions and production bonuses. It excludes overtime, shift differentials, nonproduction bonuses and employer-paid benefits. It is neither pure base salary nor total compensation. A discretionary annual, retention or sign-on bonus is not the same as a production bonus. Ask what earns each payment before comparing the offer with this table. Equity is separate from the cash wage shown here. State those terms alongside base pay; the BLS percentile does not price them for you.

Read the BLS wage definition and exclusions

Recruiter's read

Qualitative view from our desk. Not BLS data.

For Loan Documentation and Closing Specialist (commercial loan closer), discuss the work behind these requirements: Commercial loan documents built from approval terms; collateral perfection (UCC filings, title, flood determinations, insurance); doc prep systems (Laser Pro, Abrigo). Ask what the person completed themselves and what a manager or specialist reviewed. A system name on a resume does not establish depth in that workflow. The BLS figure describes the listed occupation, not a separately measured rate for this exact opening.

Common questions

Which median is used when comparing pay for Loan Documentation and Closing Specialist (commercial loan closer)?

$50,020 is the annual median for Loan Interviewers and Clerks (SOC 43-4131) in the United States, based on BLS May 2025. It is an occupation benchmark, not a separate compensation survey for this hiring title.

What does the middle half of workers earn?

The 25th percentile is $45,120 and the 75th percentile is $60,600 in the United States. That is where the middle half of workers in this occupation fall.

How many people work in this occupation?

BLS estimates 164,790 workers in Loan Interviewers and Clerks in the United States.

What does the upper percentile show?

The 90th percentile for Loan Interviewers and Clerks is $69,770. 10% of workers in this occupation and area earned more.

Does BLS publish this exact title?

Which metros have published figures?

BLS published a median for Miami, Tampa, Orlando, Raleigh, New York City, Northern New Jersey, Dallas, Chicago.

Download the BLS data for this role (CSV)

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BLS OEWS May 2025, released 2026-05-15. These are published occupation estimates, not a quote for an exact niche title. Tool calculations use BLS values or your inputs, not predictions.

Reading this page's BLS evidence

What do the released numbers measure?

For Loan Documentation and Closing Specialist (commercial loan closer) in the United States, use the May 2025 Loan Interviewers and Clerks occupation benchmark (SOC 43-4131): a annual median of $50,020. This is a broader occupation, not a separately measured wage for the hiring title. BLS reports 164,790 jobs for the occupation here. Employment is not a count of available candidates.

How much room is inside the published band?

The middle half of Loan Interviewers and Clerks wages in the United States runs from $45,120 at P25 to $60,600 at P75, a width of $15,480. The distance from P25 to the median is $4,900; from the median to P75 it is $10,580. The upper part is wider. Compare an offer against those published points, but do not assign an exact percentile between them or label them junior, senior and manager pay.

How does this estimate compare with the national figure?

This national Loan Interviewers and Clerks median pools places and employers; it is not a city-specific offer target. The mean is $52,520, $2,500 above the median. The average and midpoint describe different parts of the distribution. Check an actual area row before using the national figure in a local hiring budget.

Which other metro estimates can you compare?

For comparison with the United States, the two metropolitan estimates with the largest published employment for this occupation are Dallas-Fort Worth-Arlington, TX ($51,470 annual median for Loan Interviewers and Clerks); Los Angeles-Long Beach-Anaheim, CA ($54,430 annual median for Loan Interviewers and Clerks). Only metros with a published median for this SOC qualify, so suppression can change the comparison set. Geography uses Census Gazetteer internal points where available, not commuting time or a claim about recruiting reach.

What can the industry rows tell you?

Among the loaded national industry rows for Loan Interviewers and Clerks, the highest numeric annual medians are Securities, Commodity Contracts, and Other Financial Investments and Related Activities (NAICS 523000), $62,470; Construction of Buildings (NAICS 236000), $60,760. This ranking excludes suppressed and top-coded medians and covers only the industries loaded for this brand. These are national occupation estimates, not separate observations for this hiring title.

What changed in the published median?

For Loan Interviewers and Clerks in the United States, the median was $48,950 in 2024-05 and $50,020 in 2025-05. The difference is $1,070 upward. This subtracts two published estimates; it is not a growth forecast or a same-worker raise. The SOC and area codes match, but the surveyed employment mix can change.

What belongs outside the wage budget?

The Loan Interviewers and Clerks benchmark is neither pure base salary nor total compensation. Guaranteed pay, commissions and production bonuses are included in OEWS, so adding all commission again would double-count pay already covered. Overtime, shift differentials, nonproduction bonuses and employer benefits are excluded. Budget those separately where relevant; this the United States row provides no amounts for them, equity or relocation.

Questions about this estimate

Which occupation benchmark applies to Loan Documentation and Closing Specialist (commercial loan closer) in the United States?

$50,020 is the May 2025 annual median for Loan Interviewers and Clerks, SOC 43-4131, in the United States. A broader mapping does not establish a separate salary survey for this hiring title.

How wide is the published offer band for Loan Documentation and Closing Specialist (commercial loan closer) in the United States?

For Loan Documentation and Closing Specialist (commercial loan closer) in the United States, P75 minus P25 is $15,480. The Loan Documentation and Closing Specialist (commercial loan closer) in the United States endpoints are $45,120 and $60,600, not experience-level labels or an interpolated candidate percentile.

Can the industry figures be treated as Loan Documentation and Closing Specialist (commercial loan closer) in the United States's local rates?

The loaded Loan Documentation and Closing Specialist (commercial loan closer) in the United States industry rows describe national Loan Interviewers and Clerks wages. The Loan Documentation and Closing Specialist (commercial loan closer) in the United States national page does not turn an occupation-wide industry median into an exact-title offer.

What changed between releases for Loan Documentation and Closing Specialist (commercial loan closer) in the United States?

The Loan Documentation and Closing Specialist (commercial loan closer) in the United States annual medians were $48,950 in 2024-05 and $50,020 in 2025-05. The Loan Documentation and Closing Specialist (commercial loan closer) in the United States difference is $1,070; this is not a forecast or a same-worker raise.

Census internal points used for comparison geography