Jacksonville, FL, August 31, 2021: Jacksonville-based technology provider specializing in loan originations, LAUNCHER.SOLUTIONS (“Launcher”), announces the integration of their appTRAKER^SM Loan Origination System with CarletonCalcs® from Carleton, Inc. CarletonCalcs® is a suite of compliant loan calculation components that provides assurances to Launcher Solutions’ clients that their loan products are calculated accurately and in compliance with state and federal consumer lending laws.

Carleton, Inc., the U.S. leader in compliant lending calculation software, supports Launcher’s ability to generate contract-ready disclosures and compute the full array of finance options for both direct and indirect finance operations. Launcher’s appTRAKER^SM LOS supports all asset-type financing, ranging from mattresses to automobiles, as well as uncollateralized loans. The CarletonCalcs® Loan Origination, Compliance, and Amortization components help maximize workflow efficiency within Launcher’s products.

Launcher uses its extensive lending industry expertise to arrive with the best technology solution for their clients’ individual lending needs. The CarletonCalcs® Suite of compliant consumer lending APIs is a great example of an integrated solution which gives clients of LAUNCHER.SOLUTIONS the knowledge that their quotes, contracts, and underwriting are all accurate and compliant.

It is an increasingly challenging task to ensure that payments, fees, and ancillary products are all precisely computed and in alignment with state and federal regulations, the lender’s contract language, and the lender’s loan servicing system. The CarletonCalcs® solution combines cutting-edge, cloud-based APIs with critical expert support services to ensure that Launcher’s clients have the tools they need to maintain compliance requirements with their individual underwriting rules and frequently changing state and federal laws.

“After a longstanding relationship with Carleton, it was only natural to rely on their expertise as we continue to expand our relationships with credit unions, banks, finance companies and other direct lending operations,” said Nikh Nath, President of Launcher. “They have a history of excellence with their calculation engine and loan origination compliance expertise and their experience is immediately apparent when working through their seamless integration process. In the lending space, a customer relies on the credibility of the loan calculations and Carleton provides that validity.” Nikh continued on to say, “Integrating with our partners shouldn’t be difficult. We are able to quickly and easily adapt the Carleton integration to the customer’s use case, ensuring that compliant loan and payment disclosure data is returned wherever they need it in their workflow.”

Launcher’s core methodology is to provide access to technology tools that align their platform to each lender, rather than the other way around. Matt Ruszkowski, President and COO of Carleton said, “Launcher provides their clients the solutions needed to improve their efficiencies throughout the lending lifecycle as well as the flexibility to adapt quickly. It’s an approach that most digital platforms are striving for these days, and we believe their product capabilities put them ahead of the curve.”

 

About LAUNCHER.SOLUTIONS:

LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding, innovation, and speed. It specializes in loan origination for subprime/nearprime automotive lending institutions, regional banks, and credit unions. Its product offerings include appTRAKER^SM LOS for indirect automotive lending as well as consumer direct lending and leasing, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony, and custom web development. Learn more at www.launcher.solutions or call 877.5LNCHER. Follow LAUNCHER.SOLUTIONS on LinkedIn.

 

About Carleton, Inc.:

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures, enabling their partners to fulfill compliance requirements today and well into the future. To learn more about Carleton lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Jeff Buysse, VP of Compliance Services, recently joined the Consumer Credit Insurance Association’s periodic podcast series to discuss the evolution of the consumer credit industry and how regulatory compliance and the creation of the CFPB have shifted the way lending operations must operate. The discussion details many intricacies that compliance professionals may never consider, how Carleton collaborates with clients, and the services Carleton provides to help their clients ensure their calculations are accurate, compliant, and in alignment with their specific consumer credit market. Listen to the full podcast here

About Inovatec:

At Inovatec, we’re obsessed with your success. Our mission is to deliver leading-edge products that create profitable outcomes for Lenders in the USA and Canada. Since 2011, we’ve been leading the way with technology designed to ensure our clients have the foresight and flexibility to compete and win in today’s evolving markets. Our success is a direct result of a diverse and passionate team who bring their best every day in offices in the USA, Canada and Europe. Learn more about JAVELIN at Inovatec.com.

About Carleton, Inc.:

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures enabling their partners to fulfill compliance requirements today and well into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

FOR IMMEDIATE RELEASE

For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com

 

SALT LAKE CITY, UT (February 1, 2021): Integrated Lending Technologies (ILT) is very pleased to announce that it has completed the development integrating CarletonCalcs®, a powerful and proven calculation software from Carleton, Inc. Lenders using ILT’s Allegro™ Lending Suite will now have access to the CarletonCalcs® Loan, Lease, and Compliance modules, providing computational accuracy and compliance with all relevant governmental regulations. The CarletonCalcs® software will enable Allegro’s lender-users to offer a wide variety of creative loan structures to their borrowers and to their dealer and merchant partners. All Allegro™ clients, regardless of size, will be able to offer leasing, delayed payment starts, payment holidays, varied payment frequencies, annual payments and more with confidence in the accuracy of the calculations and required disclosures.

“In today’s high-speed digital lending environments it is a significant burden to ensure your loan and lease disclosure’s are accurate and compliant especially when it comes to offering non-conventional, yet in-demand features for your lenders and their borrowers,” said Matt Ruszkowski President and COO of Carleton. “Carleton’s partnership with ILT is a natural fit and we are excited to be able to provide our computational-compliance software and expert support to ILT through the Allegro™ Lending suite.”

Will McGregor, CEO of Integrated Lending Technologies, said, “We’re very happy to have this integration finished to keep Allegro™ current with the very latest and best technologies available. This addition will significantly increase the versatility and value of our product. Carleton is a great partner, and it’s been a pleasure working with them over the last several months to bring this project over the finish line.”

About Integrated Lending Technologies

ILT has been providing innovative technology solutions for the lending industry since 2001 when it released the first version of DILLS™ which was replaced in 2017 with the Allegro™ Lending Suite, a cloud-based loan origination system comprised of three modules, one for indirect lending (Dealer), another for direct lending (Branch) and a third for lifestyle lending (Provider). Allegro™ includes an extraordinarily versatile automated decisioning system, regulatory compliance tools, limitless reporting capability and integration with any core management system. And, like its predecessor, Allegro™ includes options to make it the ultimate management tool for CUSOs and other managers of multiple lenders. To learn more about Integrated Lending Technologies and Allegro™, visit www.allegroloan.com.

About Carleton, Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Carleton possesses over 50 years of leadership in this rapidly-changing regulatory industry. Carleton guarantees accuracy in all its calculations and disclosures enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

FOR IMMEDIATE RELEASE

For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com

 

SOUTH BEND, INDIANA (September 29, 2020): Building upon the core value to provide lenders outstanding flexibility, 3530 Technologies has announced an expanded partnership with Carleton Inc., integrating CarletonCalcs® and CarletonDocs® API components into their lending platform.

This new partnership expands CreditCore®—3530 Technologies already feature-packed Loan Origination Solution(“LOS”)—to support direct lenders with comprehensive electronic documents and accurate and compliant disclosure computations. Utilizing both components in tandem ensures not only that the correct electronic document sets are dynamically compiled in application and closing packages, but that each computed value is produced featuring Carleton’s 50 years of expertise in providing precisely configured lending calculations.

“Carleton’s computational compliance expertise adds credibility and confidence in our client’s lending configurations, providing critical value and quality to the CreditCore® user experience,” said Troy Anderson, CEO of 3530 Technologies. “Meeting our client’s needs is always a top priority, and adding both CarletonCalcs® and CarletonDocs® API components ensures the CreditCore® LOS has complete flexibility to accommodate all types of consumer and business lending products and their corresponding disclosure compliance requirements.”

CreditCore®’s enhanced flexibility ensures 3530 Technologies can serve a more diverse spectrum of lending operations. These Carleton components enable clients to optimize their operational workflows. The CarletonCalcs® API ensures computed contract disclosure values are automatically reduced if they would otherwise exceed state and Federal Truth in Lending Act (“TILA”) compliance requirements, while CarletonDocs® empowers 3530’s clients to deploy “off the shelf” document sets, 3^rd-party document provider offerings or a combination with their own custom forms. Both Carleton solutions bring a distinct added value to the CreditCore® LOS, ensuring each of 3530’s clients are able to configure CreditCore® to the exact requirements of their lending operations.

“Through Carleton’s partnership with 3530 Technologies, we’re able to deliver cutting-edge compliance capabilities and allow lenders the ability to streamline and optimize their compliance processes,” stated Matt Ruszkowski, President and COO of Carleton. “3530 Technologies’ clients can have confidence that Carleton will deliver compliant disclosures in this unforgiving regulatory environment. Additionally, Carleton’s team will help ensure a successful and compliant CreditCore® integration, both within the initial implementation project and whenever computations and disclosures need to be updated.  Carleton was founded over 50 years ago with our sole focus on delivering accurate and compliant consumer lending calculations. Over these years, we’ve been successful in helping our partners maintain and adapt to an ever-changing compliance landscape, and our relationship with 3530 Technologies is a terrific example of that.”

About 3530 Technologies:

3530 Technologies provides software solutions and services for consumer and business lending that align exactly with the client’s existing software environments. These offerings are tailored to the needs of captive lenders, national banks, regional banks, finance companies, credit unions, and lending start-ups.

About Carleton, Inc.:

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly-changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

 

Carleton is celebrating its Golden Anniversary as an acknowledged industry leader in compliant consumer lending origination computations and complementary document generation solutions. Throughout the last half century, Carleton’s innovative products have enabled lenders to compliantly close loans in the highly regulated industry of consumer finance.

Carleton’s role in the industry began when its original founder, Joseph Carleton Pitts, served on the advisory board responsible for crafting Appendix J contained in the 1969 Truth in Lending Act. Appendix J defined the Annual Percentage Rate (“APR”) guidelines and disclosure requirements. This new regulation created an ideal platform for Carleton to produce payment charts that incorporated the APR for lenders nationwide. By 1975, Carleton was generating payment charts that included credit insurance products for virtually all the major finance companies and credit insurance companies in the United States. Since then, the lending industry has relied on Carleton to provide payment calculations in compliance with over 300 lending and credit insurance regulations at both the federal and state level.

One of Carleton’s primary points of differentiation has been its commitment to providing federal and state compliance support “in real time” within its consumer lending solutions and consulting services.   Carleton’s Compliance Group is led by Jeff Buysse who has over 30 years of compliance expertise and includes two full-time attorneys who monitor, evaluate, and leverage their in-depth knowledge of consumer finance regulations.

“We believe the many years of collective experience of Carleton’s management team in the consumer finance arena provides a high degree of ‘peace of mind’ for our clients,” said Matt Ruszkowski, Carleton President and COO. “Those clients can have absolute confidence that our compliance expertise and high-level support will assure their lending solutions will be accurate and remain in full compliance now and into the future. We take pride in our long tenure of service to the industry and we look forward to continuing to successfully meet and exceed our client’s lending needs for the next 50 years—and beyond.”

Carleton has continued to adapt its loan quoting and origination calculation solutions leveraging the latest in technology and the lending environment. Today, many national lenders and major lending platforms in the automotive, banking, and credit union industry utilize Carleton’s current suite of products, including CarletonCalcs®, CarletonDocs®, CarletonAccess®, and CarletonAudit® for all types of consumer loans and leases offered in the United States and Canada. In addition, Carleton is initiating the next half century of service with the introduction of its newest lending software solutions—Carleton CarCalcs® and CarletonConnect™.

Carleton CarCalcs® consists of APIs tailored for performing automotive retail or lease calculations for multiple interest rates, terms, down payments in a single call. Carleton CarCalcs® utilizes the popular CarletonCalcs® platform to perform all required calculations needed for computing payments related to purchasing, financing, or leasing a vehicle. In addition, Carleton CarCalcs® computes the following fees and taxes:

• State and local Sales Tax
• State Registration and Title fees
• State Dealer fees (Doc fees, tire fees, temporary plates, lemon law, electronic filing, acquisition, and many more)

CarletonConnect™ adds even greater versatility to CarletonDocs® by supporting multiple third-party document providers and eSignature technologies that have partnered with Carleton. As Fintech partners continue their ROI-driven quest for efficiencies and reduced integration operating costs, CarletonConnect™ provides an intriguing and cost-effective alternative to supporting a myriad of document and electronic signature integration points.

Pat Ruszkowski, Carleton’s CEO, stated, “Our proven compliant loan calculation and document generation expertise combined with our ability to change our lending solutions to adapt to the ever-changing technology space is why we are celebrating our 50^th Anniversary. It is very exciting for me to see the next generation of Carleton professionals continue to embody our core values in this exciting lending environment. We have never had stronger software solutions or experienced staff to serve our partners and clients.”

 

About Carleton, Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

FOR IMMEDIATE RELEASE

For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com

                

COVID-19 Drives A Digital Lending Revolution:  Is Your Auto Lending Business Ready?

SOUTH BEND, INDIANA (May 26, 2020): Since the COVID-19 pandemic began, consumers have been required to adapt to new social distancing and corresponding changes in their business activities.  This has certainly included the purchase of cars, trucks, and other vehicles.

Across the country, many car dealerships have been forced to close their showrooms, with some retaining personnel for only their service department. But others rapidly pivoted to adopt new ways to sell vehicles.

While in recent years the online-buying process has been growing, the impact of COVID-19 has significantly accelerated the need to adopt alternative solutions to traditional “on the lot” car purchasing practices. New demographics that are traditionally averse to online shopping are now forced to utilize whatever digital solution is available to them.

Furthermore, partnering vehicle delivery companies that work with dealerships to shop, select, finance, and deliver cars to consumer driveways without any personal contact have seen a surge in demand in recent months. The “dealer to driveway” concept is here to stay and forecasted for continued growth, even after COVID-19 stabilizes and departs from our normal everyday lives.

As the leading provider of accurate and compliant retail and lease payment computations and document delivery software in the auto finance industry, Carleton has seen firsthand the increased demand for “complete detail data” digital retailing solutions.

“COVID-19 has challenged the automotive industry in many ways, but none more than the new expectations consumers will have with the vehicle purchasing experience.  Consumers were already looking for more streamlined processes featuring transparent payment computations consistent through the lifecycle of the vehicle purchasing experience,” said Matt Ruszkowski President and Chief Operating Officer of Carleton.  “Auto lenders, OEM’s, and car dealerships have been looking to adopt and leverage Digital Retailing platforms, but requirements have expanded, demanding platforms to be much more than just lead generators.  The expectation is to complete the vehicle purchasing process by providing accurate and compliant disclosure values from the start.  Platforms need to include complete deal data that feeds the document delivery process and all necessary disclosures for the retail/lease package.”

When the vehicle purchase process begins and ends online, consumers expect the first payment quoted will match what they eSign at the end of their digital retailing experience.  Further evidence is demonstrated within mainstream dealer & lender expectations, featuring consistent state-specific title/registration fees, sales tax, and dealer fees throughout the entire financing process.

Marcus Alley, Vice President of Strategic Initiatives for Automotive Titling Corporation (ATC), a data partner and leading source for providing automotive sales tax and registration fees in all 50 states, provided this observation about the current state of the digital car buying landscape: ” Gone are the days when “close enough is good enough” for online payment quotes or interest information presented to consumers in the front portion of the traditional vehicle buying process.  Consumers expect accurate loan and lease information at the very start, down to the city-level sales tax, vehicle title and registration details.”

The industry has lacked a complete, end-to-end customer experience featuring full and transparent disclosure data.  Consumers have embraced online car buying/financing services and there remains a critical void between consumer expectations and existing digital finance solutions.

Carleton has recently released CarCalcs™, a comprehensive solution to address this critical need.  CarCalcs™ is an add-on component to the tried and true CarletonCalcs® product.  CarCalcs™ bridges the gap between traditional Installment Contract disclosure calculations by returning complex and valuable additional deal data, including Sales Tax & Registration Fee data sourced by Automotive Titling Corporation.  The end result is complete and accurate calculations returned via a single API including all payment, Federal Truth in Lending information, credit insurance, sales tax, and state-specific registration & dealer fees at the very beginning of the borrower engagement.  Contact us today to integrate complete deal data into your digital lending platform.

 

About Automotive Titling Corporation (ATC)

50 states. Over 10,000 taxing jurisdictions. Nine million different combinations of vehicle ownership rules, laws, requirements and forms, all driven by the vehicle, location, type of transaction, etc.  ATC covers them all. Integrating the ATC API into your online application will allow you to instantly calculate taxes and registration more accurately for anywhere in the country. To learn more about ATC go to https://atc-api.com or contact Marcus Alley, Vice President of Strategic Initiatives at (720)200-8834 or marcus@autotitling.com.

About Carleton, Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures, enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

 

FOR IMMEDIATE RELEASE

For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com

 

SOUTH BEND, INDIANA, January 16, 2019 – Kasasa, LTD. adds value to their award-winning financial technology and marketing services platform through its new partnership with Carleton, Inc. by integrating configurable and accurate insurance and debt protection calculations within its latest award-winning product, the Kasasa Loan®.

The Kasasa Loan® is the only auto and personal loan that allows consumers to reduce debt by paying ahead, while maintaining access to those funds if needed. Using CarletonCalcs®, Kasasa’s community bank and credit union clients can easily add debt protection or credit insurance products to the Kasasa Loan® accurately and in compliance with their insurance company’s underwriting requirements. CarletonCalcs® enables Kasasa to apply client-specific limits and methods that meet their client’s institutional, state and federal compliance requirements.

“We wanted to ensure the Kasasa Loan® added a high level of configurability and compliance support to meet our client’s needs, in addition to providing consumers the greatest flexibility when choosing their loans,” said Chris Cohen, EVP, Product Management for Kasasa. “Carleton’s expertise in consumer loan calculation compliance provides our clients that extra level of comfort knowing the Kasasa Loan® is supported by 50 years of experience and accuracy, while providing unique consumer benefits unavailable through other loan products.”

“Kasasa recognized the importance of having a versatile loan structure to deliver a flexible and compliant loan product. By integrating CarletonCalcs® throughout the Kasasa service platform, Carleton will ensure compliant loan computations and precise amortization schedules through Kasasa’s dashboard and mobile app,” stated Matt Ruszkowski, President and COO of Carleton. “Our proven track record of providing nationwide support to the lending industry is why Kasasa partnered with Carleton. We are excited to be part of the Kasasa team, as we are both committed to providing the highest quality level of innovative consumer lending technology products and service to drive our clients’ success.”

About Kasasa, LTD:

Based in Austin, Texas with 450 employees, Kasasa is a financial technology and marketing provider committed to driving results for over 900 community financial institutions by attracting, engaging, and retaining consumers. With innovative products, a national consumer brand, and comprehensive solutions and support, Kasasa helps local banks and credit unions compete for their rightful share of the market against even the largest banks. Together we can Take Back Banking. For more information, please visit www.kasasa.com, or visit them on Twitter, Facebook, or LinkedIn.

About Carleton, Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures, enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.