DocMagic has launched DocMagic One, a new platform for mortgage lenders that brings every critical loan manufacturing step into a single, intuitive platform.
Document preparation, compliance checks, collaboration between borrowers, title agents and settlement agents, and closing coordination all happen in one place, the company says in a release.
Role-based permissions and organizational hierarchies keep tasks moving without bottlenecks.
“Lenders have been forced to piece together loan production from too many disconnected systems,” says Pat Theodora, co-founder and CEO for DocMagic. “DocMagic One changes that, giving every role-from loan officer to closer-a single, efficient platform that saves time, reduces risk, lowers costs and delivers a better experience for third-party collaborators and, ultimately, borrowers.”
Intelligence is woven throughout DocMagic One’s design, with built-in business intelligence and pipeline analytics giving managers instant visibility into performance. Loan health scoring makes it easy to surface files that require urgent attention, while AI-powered search and chat functions put information at users’ fingertips. Compliance is continuous and automated, with tools for reviewing and dismissing audits built directly into the platform, and auto-save ensures no work is lost during a session.
“As we expand our intelligent agentic network, we are excited by how we can leverage AI and our patented machine learning capabilities to create an interconnected environment where multi-agent orchestration happens behind the scenes,” adds Michael Morford, DocMagic’s chief technology officer. “This will make complex mortgage processes feel effortless and save lenders time and money.”