Indirect lending is one of the fastest ways to grow loan portfolios — but it can also be one of the most labor-intensive and margin-draining channels for community financial institutions (CFIs).
That’s where Shastic’s MAGO automation platform comes in.
We help CFIs automate the high-friction, high-cost parts of indirect lending — without replacing your current LOS.
Most credit unions and community banks face three main bottlenecks:
High manual processing time
Average indirect loan packet review takes 1–2 hours of staff time per funded loan.
Error and rework rates
Up to 15–20% of applications require rework due to missing docs, incorrect stipulations, or compliance errors.
Loan pull-through losses
Delays mean losing 10–15% of approved loans before funding because members move on.
MAGO integrates directly with your LOS (MeridianLink, Mortgagebot, Loan Director, Temenos, and more) to:
Automate stipulation and document review
Eliminate hours of manual packet checking.
Flag exceptions instantly
Catch errors before they hit underwriting queues.
Accelerate funding times
Reduce time from app to funding from 48+ hours to under 4 hours.
Operate after-hours and weekends
Capture and process loans even when your branch is closed.
50–70% reduction in manual processing hours
55%+ drop in rework rates
6–10 percentage point lift in loan pull-through
Annual savings often exceeding $100,000 for institutions processing 500+ indirect loans per month
Want to see exactly how MAGO can impact your lending program?
Use our Indirect Lending ROI Calculator to plug in your real numbers and see potential savings and revenue gains — all without a core or LOS conversion.
Shastic helps CFIs do more with less by adding an always-on digital teammate to your lending team.
If you’re ready to grow indirect lending without growing headcount, let’s talk.