MAGICAL FOR LENDING
Fully automate your loan processing with AI
Your new Magical AI employee can swiftly and accurately process every loan that comes in, end-to-end. All you have to do is tell it where to get started.
Welcome to the AI era of lending processing
Traditional automations (RPA)
Rigid and fragile, like driving manually to a destination using printed directions. If you miss a turn or make an error, everything quickly breaks.
Agentic AI
Like self-driving cars that understand your goal and the nuance it takes to get there. They course-correct, identify shortcuts, and get smarter over time.
Fully autonomous AI
Set up an AI employee to handle your loan processing as each new request comes in. The AI makes human-like decisions, handles nuance just like your staff, and operates entirely autonomously.
Error-Free Data Transfer
Magical pulls borrower data directly from one system and accurately inserts it into another. No more delayed closings because of transposed digits or misspelled information that violates compliance rules.
Built for enterprise security
Our local and no-code approach to automation helps you maintain the highest levels of security and compliance. We never store any sensitive borrower information on our servers.
Automate every
lending workflow
Streamline loan applications & origination
Accelerate application processing by eliminating manual data entry across systems. Magical automatically transfers borrower information between application portals, CRM systems, and loan origination platforms with perfect accuracy.
Simplify document collection & verification
Extract and transfer key data points from borrower documents across your systems. Magical streamlines the movement of verification data between document repositories and loan processing platforms, reducing paperwork bottlenecks.
Enhance underwriting accuracy
Ensure consistent credit analysis with accurate data transfer. Magical moves financial information between credit bureaus, analysis tools, and loan systems, maintaining data integrity throughout the underwriting process.
Designed to automate
any workflow
Loan Application & Origination
Automate data transfer from application forms to loan processing software with cross-system movement of borrower information.
Document Collection & Verification
Extract key data points from submitted documents and transfer verification data between systems, flagging inconsistencies for review.
Underwriting & Risk Assessment
Streamline movement of financial data between credit bureaus, analysis tools, and loan systems for consistent evaluation.
Regulatory Compliance
Automate compliance documentation workflows and ensure consistent disclosure processes across all loan types.
Loan Closing & Funding
Coordinate data transfer between closing systems and funding platforms to reduce delays and errors in final stages.
Investor Reporting & Portfolio Management
Extract data from loan systems to reporting platforms and transfer performance metrics without manual re-entry.
Works with
your lending systems
Encompass
Calyx Point
LendingPad
Mortgage Cadence
MeridianLink
nCino
LoanPro
LendingQB
MortgageBot
Floify
DocuSign
FileInvite
PandaDoc
Docutech
eOriginal
SmartApp
Blend
FormFree
Ocrolus
CoreLogic
Equifax
TransUnion
Experian
LoanBeam
PointServ
The Work Number
Clear Capital
HouseCanary
Frequently asked questions
Is Magical secure for handling financial data?
Yes. Magical processes all borrower data locally in your browser with zero external storage. Data never leaves your computer, which ensures complete security for sensitive financial information. Our SOC2 Type II compliance and enterprise security features provide additional safeguards for lending operations.
How do you set up Magical for lending workflows?
Magical requires no complex implementation. Simply install our secure Chrome extension, and you can begin creating automations immediately. There's no need for IT support, APIs, or integrations. Users can create automations by recording their workflow once, and Magical learns how to replicate it.
What lending workflows can be automated with Magical?
Lenders use Magical to automate
numerous workflows:
Loan application data transfer
Document collection and verification
Credit analysis and underwriting
Regulatory compliance documentation
Disclosure management
Closing coordination
Funding processes
Investor reporting
Portfolio management
Does Magical work with my existing lending platforms?
Yes. Magical works with virtually any web-based system, including all major loan origination platforms, document management tools, credit analysis systems, and investor reporting platforms. Unlike traditional integration tools, Magical doesn't require API access or IT support to connect your systems.
How does Magical help with regulatory compliance?
By ensuring consistent data transfer and documentation across systems, Magical helps lenders maintain compliance with regulations like TILA, RESPA, and Dodd-Frank. The automation reduces human error while the human-in-the-loop verification ensures appropriate oversight. This combination helps maintain compliance while significantly accelerating processes.
Can Magical scale with our lending volume?
Absolutely. As your lending volume grows, Magical scales effortlessly. Each team member can automate their individual workflows, eliminating data entry bottlenecks during high-volume periods. Alternative lenders using Magical have been able to triple their loan volume without increasing staff by automating repetitive data movement tasks.
