is a quick and easy to use Loan Payment Quotation,
Loan Origination and Document Preparation software application that is
accessed via the Internet. This is the most fully featured Internet
loan quoting and document printing software available, allowing direct
and indirect lenders to close more loans and increase credit insurance
means lenders or credit insurance companies can
control and monitor the loan closing and credit insurance sales process.
Loan closing data can easily be transmitted to a client’s loan processing
and credit insurance administrative systems. This connectivity means
elimination of data re-entry and reduction in contract re-dos.
Carleton has forty years of experience in providing financial institutions
and credit insurance companies with accurate and compliant loan calculations
in all fifty states. This is why Carleton can offer our exclusive
$3,000,000.00 calculation compliance warranty to our SmartNet customers
that originate loans. Carleton can quickly customize SmartNet to meet our
client’s specifications, allowing lenders the ability to get a loan
origination solution to the market within days, not months.
SmartNet features include:
Easy to run “what if” quote scenarios for a prospective borrower
Easy to read display of multiple insurance combination payment options
Save Quotes option available to easily get back to a clients transaction without having to reenter all data
Ability to print a full disclosure page
Loan Amortization feature available for each transaction
Retail Sales prompts available including: Cash Down, Trade, Sales Tax
Ability to laser print Insurance Certificates or other documents
Single Premium, MOB, and Debt Protection packages available
Credit Insurance options include
Credit life (Gross, Net and MOB)
Accident & Health (Single Premium and MOB)
Setup files are administered by Carleton, ensuring that end users
have consistent loan parameter setups. Custom Setup features include:
Ability to have multiple loan classes with different setups and calculation requirements
10 different time counting/daily interest rate methods
Various fee types with client specific labels
Underwriting limits that include age banding that will help avoid insurance certificates from being rejected by carrier.
HOEPA Compliance checks
Actuarial or US Rule APR calculations
The administrative, browser based utility has the following features:
The ability to add and delete users.
User reporting capability enabling administrative monitoring of loan quoting, loan closing and credit insurance sales activity.
As with all Carleton products, our team of experienced software developers can customize
SmartNet to meet your unique loan quoting requirements and document printing needs.
Carleton has long been recognized as the leader in the industry for
providing payment quoting software that is accurate and in compliance.
Forty years of experience working with legislators and administrators
in all fifty states helps assure SmartNet is compliant for your lending
environment. In fact, Carleton guarantees its compliance by offering an
exclusive $3 Million Calculation Compliance Warranty.