AI EMPLOYEES
Automate loan underwriting with agentic AI
Boost decision speed, reduce manual analysis, and underwrite more loans with an AI employee that never misses a red flag.
Loan underwriting
Finance
190
Running
3–6x
Faster underwriting
Human employees shouldn't be underwriting by hand…
Manual work
Most underwriting time goes into gathering income docs, verifying assets, and calculating ratios—not actual credit decisions.
60–80% of time is spent on document review, not analysis
Delays kill conversions
Slow underwriting frustrates borrowers and brokers—and drives them to faster competitors.
67% of potential customers abandon applications
High risk exposure
Underwriters working from incomplete or unstructured data can miss key risk signals.
Manual errors drive 23% higher loss ratios
Use agentic AI to automate your underwriting—24/7
Extract key data from borrower documents instantly
Magical pulls income, employment, identity, and asset data from W-2s, 1099s, tax returns, pay stubs, bank statements, and more—with zero manual effort.
Let AI pre-compute the ratios, spot discrepancies, and prep the file—so your underwriter can make fast, confident decisions.
Catch gaps in employment, unexplained deposits, incomplete forms, or income mismatches before the file hits the underwriter’s desk.
Magical enters data directly into your underwriting system—no APIs, no integrations, no disruptions.
Step 1: Book a demo
We’ll walk you through how Magical can speed up your underwriting process with zero disruption.
Measurable results for underwriting and operations teams
3–6x
Faster underwriting
Files that used to take 2 hours now take 20 minutes—without cutting corners.
80%
Reduction in prep time
Let AI do the document crawling, income analysis, and policy matching.
5X
Fewer exceptions and repulls
Cleaner files = fewer resubmits and less friction with brokers and borrowers.
90%+
Reliability on end-to-end workflows
With complete audit logs of every single automation.
What lending teams are saying
“Loan volume doubled in six months. Magical let us keep SLAs with no extra hiring.”
“We’re catching more risk signals up front and getting to ‘yes’ or ‘no’ faster. Magical made us faster and more consistent.”
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 underwrite faster, smarter, and more consistently?
What kinds of underwriting does Magical support?
Consumer loans, personal loans, auto, mortgage, small business, and more—anywhere documents and financial analysis are involved.
Does Magical replace our LOS or decision engine?
No. Magical works on top of your existing systems—feeding in accurate, structured, and pre-analyzed data.
Can Magical calculate custom ratios or apply unique credit rules?
Yes. You define the logic, and Magical applies it consistently across every file.
What if data is unclear or missing?
Magical flags it for human review, so underwriters only deal with the files that actually need their judgment.
Can Magical help reduce exceptions and repulls?
Absolutely. Clean, complete, and policy-matched files mean fewer back-and-forth cycles and faster decisions.
