How Do I Become a Loan Closer?

N. Madison
N. Madison

The requirements for new loan closers may differ from jurisdiction to jurisdiction as well as between employers. In general, however, you will need a high school diploma or an equivalent credential to qualify for this job. Employers may not require a college degree, but earning one may help boost your chances of getting hired, especially if other job candidates do not hold degrees. In some cases, employers may also require you to complete a loan closer certificate program, and many require successful candidates to secure notary licensing as well. Additionally, you will likely need good communication, customer service, and computer skills to succeed in this job.

Many loan officers are also notaries public.
Many loan officers are also notaries public.

The first step you will usually have to take to become a loan closer is to obtain a minimum level of education. In most cases, employers will expect you to have at least a high school education to qualify for this position. Most employers will accept a General Educational Development® (GED®) diploma, however, as an alternative to a high school diploma. You generally won't need a college degree to become a loan closer, but earning one may give you a competitive edge over other job candidates who only hold high school diplomas. Likewise, earning a college degree may qualify you for more opportunities, the chance for faster advancement, and maybe even higher pay.

Depending on the employer with whom you seek a job, you may also need to complete a loan closer certificate program. You can likely find such courses through community colleges or from online sources. Some vocational schools may offer them as well. Additionally, you often can find financial institutions that offer these courses.

You may also need to be licensed as a notary public to become a loan closer. The requirements for this license will usually vary from jurisdiction to jurisdiction, but they typically include testing and a clear criminal history. Some jurisdictions also require references for a person who wants to become a loan closer.

While the right preparation may help you to land this job, your chances of becoming a loan closer may be much improved if you have certain skills to offer. Experience and skill with customer service and sales is often helpful for landing this job, for instance. Typically, employers will also expect you to have good computer and organizational skills. Solid math skills are usually a must as well.

N. Madison
N. Madison

Nicole’s thirst for knowledge inspired her to become a wiseGEEK writer, and she focuses primarily on topics such as homeschooling, parenting, health, science, and business. When not writing or spending time with her four children, Nicole enjoys reading, camping, and going to the beach.

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