AI EMPLOYEES
Automate loan application processing with agentic AI
Speed up approvals, reduce errors, and handle higher volume—without hiring—by giving your loan operations team an AI employee.
Loan application processing
Finance
622
Running
5–6x
Faster loan file prep
Your team wasn’t hired to copy-paste W-2s all day…
Manual reviews
Teams spend hours extracting data from loan applications, verifying documents, and toggling between systems.
30–90 minutes just to prep one application for underwriting
Errors and omissions
Missing or miskeyed data delays approvals, frustrates borrowers, and increases drop-off.
Loan abandonment rates spike when turnaround takes more than 1–2 days
Volume spikes
Every product launch, promo, or rate drop floods your queue—burning out staff and bottlenecking decisions.
Teams can’t scale fast enough to meet demand
Let agentic AI handle your loan intake and prep—start to finish
Verify application data automatically
Magical reads loan applications, tax forms, pay stubs, bank statements, and IDs—validating them in seconds.
No more dual entry. Magical pushes clean, verified data into your LOS, CRM, or internal databases—error-free.
Catch missing fields, unsupported income, credit issues, or document mismatches before underwriting sees the file.
Your team stays focused on judgment calls and complex deals—not routine validation or data entry.
Step 1: Book a demo
See Magical in action and scope out your current loan application processes for automation.
Measurable results for underwriting and operations teams
5–6x
Faster loan file prep
Applications that took 30 minutes now take 5.
80%
Fewer data entry errors
Accurate, consistent files go straight into underwriting.
300+
Hours per month reclaimed
Free up your team to focus on judgment, compliance, and customer experience.
90%+
Reliability on end-to-end workflows
With complete audit logs of every single automation.
What lending teams are saying
“Before Magical, we needed 3x more processors during busy seasons. Now we just scale up our AI employee—and close more loans without the chaos.”
“Our loan officers used to lose hours each day chasing missing docs and rekeying data. With Magical, that’s all done by AI—and our team finally has time for borrowers.”
Security & compliance
HIPAA compliant
Magical processes all data locally with zero PHI storage
SOC 2 Type II certified
Enterprise-grade security with regular third-party audits
Secure Authentication
Single Sign-On (SSO) and multi-factor authentication options
Ready to process more loans—faster and with fewer errors?
What types of loans does Magical support?
Personal, auto, mortgage, business, HELOCs, and more. Any loan with a document-heavy or form-heavy intake process.
Does Magical replace our LOS or CRM?
No. Magical runs on top of your existing systems—no integration or system changes needed.
What documents can Magical read and verify?
W-2s, 1099s, pay stubs, bank statements, IDs, tax returns, PDFs, online forms, and more.
What happens if data is missing or unclear?
Magical flags exceptions for human review so you stay compliant and in control.
Can Magical scale with us?
Yes. Whether you process 50 or 50,000 applications per month, Magical scales instantly to meet demand.
