Data Scrubbing Service for Mortgage Applications

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Data Scrubbing Service for Mortgage Applications

Inspired by a conversation on:

BiggerPockets Daily

BiggerPockets Daily

Mortgage Fraud Gains New Scrutiny With Several High Profile Cases

Host: Matt Muir

Timestamp: 00:06:00 - 00:06:40

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Feather Flow

Direct Quote

"Companies like Delete Me, Canary, and OneRep promise to scrub personal data from search engines."

Market Gap

Investors need to protect their personal data from fraudulent exposure.

As mortgage fraud becomes more scrutinized, real estate investors face the risk of identity theft and unauthorized use of their personal data. Current data scrubbing services focus primarily on search engines but often overlook the intricate details that can be associated with mortgage applications, such as county records and occupancy data. Investors need a dedicated service that can comprehensively scrub their data from various sources, ensuring that their identities and financial information are protected. The rising trend of data privacy regulations also emphasizes the need for such services.

Summary

This business idea revolves around creating a specialized data scrubbing service tailored for real estate investors and mortgage applicants. Unlike traditional data scrubbing services, this service would focus on removing sensitive information related to mortgage applications from various online databases and public records. The target audience includes real estate investors, lenders, and individuals looking to safeguard their financial information. The service could operate on a subscription model, offering tiered pricing based on the level of data protection required. This would not only help in preventing identity theft but also assist investors in maintaining their privacy in an increasingly transparent market.

Categorization

Business Model
Service
Target Founder
Generalist
Difficulty
Medium
Time to Revenue
1-3 months
Initial Investment
< $100

Potential MRR (18-24 months)

Conservative
$1,000 - $3,000 MRR
Moderate (Most Likely)
$5,000 - $10,000 MRR
Optimistic
$15,000 - $25,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
6/10
Feasibility
7/10
Market Potential
7/10
Evidence
6/10
Overall
6.8/10
Found on September 15, 2025 • Analyzed on September 15, 2025 4:37 PM

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How should I validate this service idea before building it?

2:34 PM

Great question! For a service idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Generalist to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 1-3 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available < $100
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Mortgage Fraud Detection Software

The business idea involves creating a software solution that leverages advanced algorithms to analyze mortgage application data and identify potential fraud. By examining county records, loan amounts, borrower names, and property addresses, the software can detect patterns indicative of fraudulent activity. Target users would include mortgage lenders, banks, and financial institutions that need to uphold compliance and reduce risks associated with fraud. This software could be marketed as a SaaS solution with subscription pricing, offering real-time monitoring and alerts to financial institutions, significantly improving their fraud detection capabilities.