Mortgage Tech Talks

E69: How a $100M+ Broker Jumped into Commercial and Built His Own Tech with David Mayrand


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In this episode of Mortgage Tech Talks, I sit down with David Mayrand, a former residential broker who transitioned into the multifamily commercial space—and then took it a step further by building a tech solution designed to streamline complex multifamily deals.

We talk about:

  • Why residential brokers struggle to break into commercial

  • The tech void in the multifamily space (and how David is solving it)

  • What makes commercial underwriting so much more complex

  • His decision to spin off a standalone multifamily tech platform launching June 1st

  • How he’s democratizing commercial real estate for new investors and brokers alike

    This episode is a must-watch if you’re: ✅ A residential broker curious about the commercial space

    ✅ Frustrated by the inefficiencies of spreadsheets and emails
    ✅ Interested in the future of AI + automation in mortgage workflows
    ✅ Looking to scale your investor business with better tools

    ⏱️ Timestamps:

    00:00 – Why multifamily listings aren’t investor-friendly

    00:20 – Building tools that simplify commercial analysis
    00:47 – Giving access to tools most brokers don’t have
    01:12 – Intro: Meet David Maé Rand, ex-residential broker turned tech founder
    02:07 – The origin story: from 2-minute convo to this podcast
    02:43 – Why David left residential for multifamily
    04:24 – Phasing out residential and leaning into investor clients
    06:21 – Why switching to commercial is scary for brokers
    07:17 – What makes some brokers fail when switching
    08:59 – Why commercial lending has so much paperwork
    09:34 – How David's team built processes from scratch
    10:09 – There was literally no tech in commercial
    11:18 – How they organize massive amounts of documents
    12:13 – Why residential tech has boomed—but not commercial
    13:20 – Why most developers can’t build good mortgage tech
    14:32 – Building tech internally that actually works
    16:25 – When David realized he needed a dedicated tech stack
    17:50 – The hidden value of structured data
    19:17 – Why existing CRMs don’t support corporations as borrowers
    20:20 – The complexity of org charts and ownership
    21:24 – Why solving hard problems = massive opportunity
    22:07 – Where AI fits into all this
    23:31 – Using AI to build org charts, automate file handling
    25:20 – The future: AI doing all the grunt work for brokers
    26:55 – Why David isn’t competing with generic AI tools
    27:19 – Launching a dedicated multifamily tech company (June 1!)
    28:16 – How this tech can change the entire Canadian multifamily market
    30:12 – Will this ever expand beyond multifamily?
    31:24 – Why tech gives David’s brokerage a massive edge
    32:23 – His vision: a portal for agents and investors to model cash flow
    33:43 – Making commercial less intimidating
    35:08 – Tech as a bridge for new brokers entering the space
    36:23 – Why servicing sophisticated borrowers requires next-level systems
    37:07 – How brokers can actually provide value to investors
    39:19 – Want to try the portal? How to get early access

    🔥 Enjoyed this episode?

    Like, comment, and subscribe for more conversations at the intersection of mortgage, tech, and real estate investing.

    #mortgagetech #multifamilyrealestate #commercialmortgage #canadianmortgage #mortgagebroker #fintech #realestatetech #aiinmortgage #mortgageautomation #mortgagetalkshow

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    Mortgage Tech TalksBy Tom Hall


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