Today, Mortgage Automator acquired Lendr — the next step in giving every private lender in North America software built for how they actually work. I've spent my career watching software companies scale, and it's rare to find another team solving the exact same problem, for the exact same customer, with the same conviction we have. That's what made this decision an easy one.
Private lending moves faster than retail mortgage, and it's more complex than commercial banking. Private lenders simply can't rely on generic loan management software built for those markets and stretched to fit. But that's exactly what they've been asked to do for decades. Spreadsheets cobbled together with CRMs, servicing platforms that don't understand draw schedules, origination software that assumes a 30-year fixed product and breaks the moment your business doesn't look like that.
Private capital has gone from a niche alternative to a structural part of how North American businesses and real estate get financed. Regional private capital assets under management passed $8.4 trillion by mid-2025, according to Preqin. Mortgage Automator saw this shift coming nearly a decade ago, building purpose-built software for private lenders before much of the industry recognized how large this market would become. Lendr saw the same shift from a different vantage point and built to close the same gap. Two teams, two starting points, same instinct: private lenders needed software built by people who understood the business from the inside, not adapted from something else.
Why Lendr
I came to Mortgage Automator because I saw a company with the right foundation and the right values, ready for real investment in its next stage. Since joining, I've spent a lot of time listening to lenders across the US and Canada — what's working, what's missing, where the ceiling is.
Bryce Matheson and his team came out of the lending industry themselves, saw the same gap we did, and built Lendr to close it, with a platform lenders genuinely enjoy using. That's rare. Mortgage Automator has built deep configurability for lenders running complex, high-volume operations, and Lendr has built an intuitive experience that gets lenders up and running from day one. Both matter, and lenders shouldn't have to choose one over the other. When I sat down with Bryce, it was clear we were looking at a team building with the same care, for the same customer, that we've always tried to build for.
What this means for lenders
Practically: both platforms keep running, keep getting supported, and keep getting better, with a larger combined team behind them. Over the next couple of years, we're working toward a single, unified platform that brings together what both teams have built — one platform built for every stage of a private lending business, from the first loan to a mature, multi-fund operation, across the US and Canada.
Both companies have also been running active betas of AI tools embedded directly in the lending workflow. Mortgage Automator now offers connections to Claude and OpenAI, letting lenders put their own loan data to work in AI-powered analysis and reporting. Lendr has built an AI underwriting engine directly into its platform — one that reads actual loan documents, flags issues by severity, and gets a deal roughly 75% of the way through underwriting before a person ever sits down to review it, cutting underwriting time from hours to minutes. The result is faster funding decisions, without removing the judgment private lending requires.
Private lending has historically been slow to adopt new technology. Purpose-built software combined with practical, embedded AI, built by people who came from this industry themselves, is a different proposition than what's come before.
What holds this together
Build for the lender in front of you, not the market you wish you had. That's the standard both teams have used to get here, and it's the same standard that will guide what we build next, together, for more lenders than either company could reach alone.
Where this is headed
Private lending has grown up over the past several years, and the software supporting it needs to grow up with it. That's the opportunity in front of us: not just serving lenders where they are today, but building the platform this industry will run on for the next decade, across every market and every stage of growth.
You can read the full announcement here: Press Release.
Frequently Asked Questions
1. Why did Mortgage Automator acquire Lendr?
Mortgage Automator and Lendr were both built by people who came from the private lending industry, and both set out to solve the same problem: giving private lenders software built specifically for how they work. Bringing the two companies together combines that shared foundation with more resources and a bigger roadmap. Read the full story above for more on how this came together.
2. I'm a Lendr or Mortgage Automator customer — what happens now?
Your account remains as is for now. Our team will reach out soon to make sure you know your options and can move forward with the platform that best suits your business.
3. What is the best loan origination and servicing software for private lenders in the US and Canada?
Private lenders need loan origination and servicing software built specifically for private lending — not retail mortgage or commercial banking platforms adapted to fit. Mortgage Automator and Lendr are purpose-built for private lenders across the US and Canada, covering everything from origination and underwriting to servicing, investor reporting, and construction draw management, for lenders at every stage of growth.
4. What makes software "purpose-built" for private lenders different from generic loan management systems?
Private lending involves loan structures and workflows that generic platforms weren't built to handle — construction draw schedules, investor reporting, fix-and-flip timelines, and configurable underwriting criteria, among others. Purpose-built software is designed around these realities from the ground up, rather than adapting retail mortgage or commercial banking tools to approximate them.
5. Does Mortgage Automator support fix-and-flip and construction lending?
Yes. Mortgage Automator supports fix-and-flip and construction lending, including construction draw management, and this capability continues to grow with Lendr's platform, which has strong native support for real estate, fix-and-flip, and construction lending.
6. How is AI being used in loan origination and underwriting for private lenders today?
Both Mortgage Automator and Lendr have been running active betas of AI tools embedded directly in the lending workflow. Mortgage Automator offers connections to Claude and OpenAI, allowing lenders to apply AI-powered analysis to their own loan data. Lendr has built an AI underwriting engine that reads loan documents, flags issues by severity, and gets a deal roughly 75% of the way through underwriting before human review, cutting underwriting time from hours to minutes.
