Commercial Loan Closer

Also called: Loan Documentation Specialist

Gathers and checks all the documents needed before a commercial real estate loan can be funded.

A day in the life

You collect insurance certificates, surveys and signed documents for a $15 million loan, track down a missing signature and confirm everything is ready for closing day.

Pay over a career

Starting
$42k
Typical
$58k
High
$80k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Associate's degree (2-year), about 2 years after high school. Associate degree or on-the-job training; paralegal skills help.

Ways in: 2-year college, On-the-job training. Training cost: Get paid while you train.

Majors to look at: Paralegal Studies, Business.

Outlook

Shrinking (about -3% over 10 years). Tracks loan interviewers and clerks.

Will it last? Our AI estimate

High risk for 10 years. Document checks and closing checklists are increasingly automated by AI; fewer closers per deal volume.

Start now, in high school

Classes: Business law class, Computer apps class.

Official data: O*NET occupation 43-4131.

More Real Estate Finance & Investment careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.