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

There's hope for the numerically challenged

Does one have to be good at math to be a successful mortgage broker? As with many things in life, it really depends on who you ask.

During a recent interview with Mortgage Professional America, Teena Broumand (pictured left), of EMortgage, acknowledged she was not especially proficient at mathematics – a skill she believed was crucial in becoming a mortgage broker as she switched careers. After a long career in medical devices, she zeroed in on the mortgage industry as her next career path.

“I’m not particularly strong in math,” she told MPA. “That’s not my strong suit.”

Mind over mathematics

She described a painstakingly protracted entry into the mortgage industry after 15 years dealing in medical devices. Three years into her new career, she was still studying the “nuts and bolts” of mortgages, limiting her work to helping friends and family members with their applications during the early period – a learning period made more accessible given her stay-at-home status at the time while raising her now-grown children.

And then there’s Rebecca Richardson (pictured right), of UMortgage, who credits a mathematical proficiency that began in her youth as a main reason for her mortgage migration. “By the way,” she says midway through one of her video primers as her “mortgage mentor” persona, “I don’t think that little girls dream of being mortgage brokers, but I do think the fact that middle school algebra made my brain happy and had ‘talks too much’ in my report card was serious foreshadowing.”

So which is it? Is math proficiency a requirement for becoming a mortgage broker? Or are other skills more important?

By Tony Cantu

28 August 2023 READ THE FULL ARTICLE HERE