BLS OEWS May 2025
Mortgage Closer (and Funder) salary, Chicago-Naperville-Elgin, IL-IN
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For a Mortgage Closer (and Funder) pay comparison in Chicago-Naperville-Elgin, IL-IN, BLS reports a median annual wage of $53,870 for Loan Interviewers and Clerks (SOC 43-4131, May 2025). This is the mapped occupation's benchmark, not a separate title-specific survey. That is $3,850 (7.7%) above the U.S. median of $50,020.
Broader occupation
BLS reports Mortgage Closer (and Funder) 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.
| Percentile | Wage | What it means |
|---|---|---|
| 10th | $41,190 | 10% of workers in this occupation and area earned less than this. |
| 25th | $47,480 | 25% earned less than this. |
| Median | $53,870 | Half earned less and half earned more. |
| 75th | $62,220 | 75% earned less than this. |
| 90th | $74,580 | 90% earned less than this. |
| Mean | $55,810 | Average wage across all workers. |
| 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. |
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, area
- 4,560
- Location quotient
- 0.95
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, Chicago-Naperville-Elgin, IL-IN, IL. 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.
What changed since May 2024
| Release | Median |
|---|---|
| BLS OEWS May 2024 | $55,510 |
| BLS OEWS May 2025 | $53,870 |
The published medians differ by $1,640. 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.
Recruiter's read
Qualitative view from our desk. Not BLS data.
For Mortgage Closer (and Funder), discuss the work behind these requirements: TRID timing and the Closing Disclosure; closing package prep and settlement agent coordination; Encompass and doc prep systems (DocMagic, IDS). 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 Mortgage Closer (and Funder)?
$53,870 is the annual median for Loan Interviewers and Clerks (SOC 43-4131) in Chicago-Naperville-Elgin, IL-IN, IL, 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 $47,480 and the 75th percentile is $62,220 in Chicago-Naperville-Elgin, IL-IN, IL. That is where the middle half of workers in this occupation fall.
How many people work in this occupation?
BLS estimates 4,560 workers in Loan Interviewers and Clerks in Chicago-Naperville-Elgin, IL-IN, IL.
What does the upper percentile show?
The 90th percentile for Loan Interviewers and Clerks is $74,580. 10% of workers in this occupation and area earned more.
Does BLS publish this exact title?
BLS reports Mortgage Closer (and Funder) 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.
Related areas and roles
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Mortgage Closer (and Funder) in Chicago-Naperville-Elgin, IL-IN, from BLS data.
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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.