Mortgage brokers have no shortage of headaches when it comes to documents. Files often entail a thick stack of documents, including:
- Down payment trails spanning multiple accounts
- Pay stubs that look like they were faxed in 1998
- Large unexplained deposits
- Partial, expired or missing documents or pages
- Missing account numbers, dates, job titles, names or addresses
- Incorrect years (e.g., for NOAs)
- Questionable screenshots
- Redactions
- Missing signatures
Worse yet, documents come in a myriad of formats and lenders like them all in one.
Purelend.ai promises to make that mess go away—for a price. At $16 per file, brokers are asking: Is it worth it?
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