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Jeff Buysse - Director of Research
Carleton’s SmartNet 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 penetration.

Internet Connectivity 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)
  • Involuntary Unemployment
  • AD&D
  • Property
  • GAP

  • Custom Setup
    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

  • Administrative Features
    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.

  • Custom Development
    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.
    Calculation Compliance
    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.
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