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Do you need to be good at math to become a mortgage broker?


Redrock cuts its own list of required skills to five and does allude to the need for math – yet in the most casual way. The top skill listed is “working with numbers,” which doesn’t exactly sound like a grasp of abstract algebra or advanced calculus is needed.

“While there’s lots more to being a broker than being able to do some calculations, you do need solid number skills to ensure you’re getting the customer the best deal,” the Redrock website reads. “You need to confidently calculate a borrower’s financial situation, what repayments they can afford and what the loan interest equates to.”

Simple enough, not exactly number theory. Incidentally, the four other skills Redrock finds essential are good communication skills; detail-oriented and organized; an understanding of sales and marketing; and confidence in making decisions.

ZipRecruiter has a top 10 list: Customer service; mortgage sales; consulting experience: flexibility; scheduling; administrative support; compliance; relationship management communication skills; database.

Again, no mention of math. Score two for the math-challenged!



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