Purelend
Purelend provides mortgage brokers and lenders with an AI-powered platform that automates borrower document collection, income and down-payment verification, and loan package compilation. The platform saves users over three hours per file on average by enabling secure borrower upload portals, automated fraud detection, and lender-ready report generation. It integrates with existing point-of-sale systems like Finmo, Velocity, and Expert to streamline the mortgage origination workflow.
- Financial Technology
- Property Technology
- Artificial Intelligence
- Software Only
- Regulatory & Compliance Technology
Funding
Founders
Founder details are not available yet.
Product
Problem
Mortgage brokers and lenders rely on fragmented, manual workflows to collect borrower documents, verify income and down payments, and prepare submission packages. This process is time-consuming, error-prone, and scales poorly, forcing teams to spend hours on administrative tasks instead of closing deals.
Solution
Purelend provides an AI-powered platform that automates the document-heavy stages of mortgage origination. Brokers send borrowers a secure, branded link with a customizable document checklist; borrowers upload files directly and receive real-time feedback on missing or incomplete items. The platform automatically classifies, names, and organizes uploaded documents, then runs automated checks for fraud, income consistency, large deposits, and compliance issues. Purelend generates lender-ready reports—including income verification summaries, down-payment verification reports, and organized document packages—that brokers can submit directly to lenders. The platform works alongside existing point-of-sale tools like Finmo, Velocity, and Expert, handling the verification work those systems cannot.
Target Audience
Primary customers are mortgage brokers, brokerages, and lenders in Canada who need to process mortgage applications faster without expanding headcount. The platform is designed for teams using existing point-of-sale systems who want automated document verification and compliance checks.
Features
- Secure borrower upload portal with branded checklists and real-time feedback on missing pages or incomplete coverage
- AI-powered document classification, naming, and organization for files in any format
- Automated fraud detection flagging income inconsistencies, large unsourced deposits, and document alterations
- Down-payment verification including large deposit sourcing, gift letter reconciliation, property deposit validation, and proceeds of sale calculation
- Usable income calculation from multiple sources and employment types, plus 12-month bank statement income analysis for self-employed borrowers
- Liabilities reconciliation surfacing formal and informal obligations
- Lender-ready submission packages with automatically generated submission notes
- Role-based permissions, custom branding, and custom document naming rules for team workflows