Mortgage Automator buys US rival Lendr to build one private-lending platform for North America
What's the deal? Mortgage AutomatorDealroom has a profile for this one. Try Dealroom →, a Toronto-based loan origination and servicing software provider, has acquired LendrDealroom has a profile for this one. Try Dealroom →, a US-based platform serving private and hard-money lenders. The companies said the combination creates the most comprehensive private lending software ecosystem in North America. Terms were not disclosed.
What does each side bring? Mortgage Automator, backed by BVP ForgeDealroom has a profile for this one. Try Dealroom →, serves more than 400 private lenders across the US and Canada and is known for its configurability. Lendr, founded four years ago, brings US market knowledge, ease of use, and depth in fix-and-flip and construction lending.
Why now? Private lending in Canada and the US shares a common spirit but runs under different rules, loan types, and market dynamics. For years, lenders on both sides used software built for other industries or only part of the job. Both companies were founded by people who ran private lending businesses and built tools to close that gap.
What's the endgame? The two firms are working toward a single platform that serves both markets. Both platforms remain fully operational and will continue to be developed independently in the meantime.
What changes for customers? "Joining Mortgage Automator means our customers keep that same product, now backed by a bigger team and roadmap, so we can go further than we could have on our own," said Bryce Matheson, chief executive officer of Lendr.
Both teams have been investing in areas that reflect how private lending is evolving: improved borrower and investor portals, construction draw management, and artificial intelligence embedded directly in the lending workflow.
The signal: The deal reflects consolidation in a fragmented market where private lenders have long lacked purpose-built tools. By combining a Canadian and a US platform, Mortgage Automator is betting that scale and shared roots — both founded by lenders — will win a market that generic software has underserved.
Read more: AP News
Image credit: Alex Pepperhill
