Mortgage technology firm DocMagic announced the launch of DocMagic One, an AI-powered platform that aims to make the loan manufacturing process more efficient. DocMagic One is designed to improve coordination between various parties in the mortgage process by allowing document preparation, compliance checks and other tasks to occur in a single location. “Lenders have been forced to piece together loan production from too many disconnected systems,” Pat Theodora, co-founder and CEO of DocMagic, said. “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.” The platform includes business intelligence and lead pipeline analytics to give managers “instant visibility into performance.” the company explained. It also features a “loan health scoring” system to identify loan files that needed immediate attention, as well as automated compliance functions and AI-powered search and chat. Mortgage lenders can use the platform to scale over time without additional expenses or complexities. Features such as predictive analytics and advanced eSignature tracking aim to move loans from the application to closing stage with “minimal human intervention.”