Practical Founders Podcast

#45 – Bootstrapped founder still creating big industry impact 30 years in – Dave Savage


Listen Later

Dave Savage was a top-producing mortgage loan officer in the early 1990s who used computers and software to help him sell more. He became a software entrepreneur by creating a new software solution for loan officers to help them educate their clients and sell more. He sold $120,000 of Mortgage Coach on stage at a conference on their first day, which started their 25-year growth journey in the software business. 

Mortgage Coach helps loan officers transparently present loan options and educate their clients about the financial impact, which differentiates the loan officer and helps them increase sales and referrals. It started as Windows software then eventually transitioned to the web and mobile devices.. The company grew steadily until the mortgage meltdown in the Great Financial Crisis of 2008-2010 caused its sales to plummet, but it didn’t kill the company. After 2012, they started selling to large lending companies, not just individual loan officers. 

Mortgage Coach was a growing and profitable software company with no outside investors when a majority of the company was acquired by private equity investor LLR Partners in 2021. Dave is no longer the CEO of the new company called Trust Engine but he is still is part-owner and an active executive leader helping to grow the impact of the new company. 

...more
View all episodesView all episodes
Download on the App Store

Practical Founders PodcastBy Greg Head

  • 5
  • 5
  • 5
  • 5
  • 5

5

26 ratings


More shows like Practical Founders Podcast

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,269 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

691 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,005 Listeners

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship by Omer Khan

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship

181 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

507 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

209 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

Founders by David Senra

Founders

1,848 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,290 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

207 Listeners

REWORK by 37signals

REWORK

208 Listeners

My First Million by Hubspot Media

My First Million

2,613 Listeners

The Logan Bartlett Show by by Redpoint Ventures

The Logan Bartlett Show

191 Listeners

Moneywise by Hampton

Moneywise

645 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

31 Listeners