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What Daniel Does:
- I deal with customers looking for a mortgage to purchase a house. As related to math, I do amortization schedules, interest rate forecasting, dollar comparison and cash flow analysis.
- I started in June of 2004 after I graduated
- Prerequisite jobs held before this job - none
On The Job:
- More details of the job my job revolves a lot around customer service and sales. I have to be able to suggest to customers the best loan program for them, that will allow them utilize their cash in the most positive way each and every month. Also, I have to be able to go to realtor meetings and inform them on the market and to persuade them to allow me to write their customers loans.
- I do amortization schedules or payments and cash flow analysis reports for borrowers.
- Specific examples of interesting projects would be cost analysis between a 30 year fixed rate mortgage and an adjustable rate mortgage, then explain in detail why each are beneifical. The describe which one is going to allow the most positive cash flow each month based on borrower’s income and other debts.
Background:
- I have an associates degree from Sandhills Community college in electrical and computer engineering, graduated in 1997. I have a bacheolor’s degree from NCSU in Mathematics, graduated in May of 2004.
- I use calculus, algebra, finite math, and the basics, adding, subtracting, multiplying and dividing.
- You have to be able to deal with the public on a day to day basis, plus communication skills are a MUST because of the relationships you have to build with realtors to obtain more and more business. In this business if you don’t close loans you don’t get paid!!
- It can be very lucrative but it is also very stressful dealing with people who want to purchase property.
Advice:
- For those who are considering choosing mathematics for a major or
minor, I would recommend that you continuously talk to your professors
and your advisor. Also, go to every office hour you can attend, they are
great ways to talk to other students about problems they are having. Also,
office hours are a great way to get the professor to answer more specific
questions about how to work problems or reasons why working them one way
will work and another way won’t. Another suggestion I would have
is to work in study groups for all homework and tests. Study groups are
a great way to get other students opinions on how they work problems or
the reasoning they have behind working problems. I found through my college
experience that other students are sometimes better teachers, this is for
some not all.