Broker Comparison Platform for Mortgage Rates

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Broker Comparison Platform for Mortgage Rates

Inspired by a conversation on:

The David Greene Show

The David Greene Show

Mortgage Monday | When to Lock and When Not To | Episode 85

Host: David Greene

Timestamp: 00:11:51 - 00:12:14

Listen to Episode • View Podcast • All Ideas from The David Greene Show

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Direct Quote

"Brokers on average last year, what the NMLS puts out these numbers... broker wise, any loan that went through a broker was $4,200 cheaper across the entire country per loan last year."

Market Gap

Consumers struggle to find competitive mortgage rates efficiently.

Many consumers are unaware of the significant cost differences between mortgage options provided by brokers versus direct lenders. The majority of mortgages in the U.S. are sourced through direct lenders, which often leads to higher costs due to a lack of competition. Brokers can secure lower rates for consumers, but most people do not know how to access these services or the financial benefits associated with them. Current solutions are fragmented, and potential borrowers often don't understand the value brokers can provide. This can cost them thousands of dollars over the life of their mortgage.

Summary

The idea is to create a platform that allows users to compare mortgage rates from various brokers seamlessly. This platform would aggregate data from numerous brokers and provide users with a transparent view of available rates and fees, making it easier for them to understand their options. By demonstrating the cost savings associated with using a broker compared to direct lenders, the platform can help educate consumers and ultimately lead to better financial decisions. The target audience would be homebuyers and real estate investors looking for competitive financing options. The platform could also include features such as user reviews of brokers, educational content about the mortgage process, and tools for calculating potential savings.

Categorization

Business Model
Platform
Target Founder
Generalist
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $5,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$40,000 - $80,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on September 30, 2025 • Analyzed on September 30, 2025 1:13 AM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform 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 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • 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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