Vergent LMS Announces Partnership with Carleton for Compliant Lending Calculations

FOR IMMEDIATE RELEASE

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

 

SOUTH BEND, INDIANA (Jan 28, 2019): Vergent Loan Management Software, formerly eSoftware Solutions, offers a web-based loan management software solution that encompasses loan origination, loan servicing, marketing, reporting, accounting exports, along with ancillary services to enhance and streamline the lending process. In a continued effort to provide the most compliant lending solution, today, Vergent announces a partnership with Carleton, Inc. for consumer loan calculation support. Vergent has been providing financial management software since 2006. Their latest web-based lending solution interfaces with CarletonCalcs® to ensure payments and disclosures are accurate and compliant.   

According to Terry Freeze, Vergent COO, “Our company has experienced tremendous customer growth and we recognized a need to ensure our lending calculations are compliant with all federal and state regulations. Strong compliance is so important in today’s litigious lending environment which is why partnering with a very experienced company like Carleton for additional compliance support made a lot of sense.”

“Vergent recognized the importance of having compliance alignment between the contract language and their loan origination and loan servicing computations,” stated Matt Ruszkowski, President and COO of Carleton. “Our 50 years of lending calculation experience and demonstrated lender and dealer support is why Vergent partnered with Carleton.  We are excited to be part of the Vergent team as we are both committed to providing the highest quality level of service in each of our areas of expertise.”

About Vergent Loan Management Software

Vergent Loan Management Software was founded as eSoftware in 2006 by Scott Putnam (CEO) and Terry Freeze (COO) with the launch of its first product, eCash Software, a complete financial management software solution designed to meet the needs of lending institutions. A five-time Inc. 5000 Honoree, Vergent provides web-based loan management software for more than 3,000 storefront financial services organizations in North and Central America. To learn more about Vergent LMS, go to www.VergentLMS.com or contact Jennifer Tabb, VP of Lender Relations at 601-414-0076 or jtabb@vergentlms.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 fulfil 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 Expands Its Industry-Leading Compliance Research & Legal Team

FOR IMMEDIATE RELEASE

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

 

Perpetual Federal & State Regulatory Changes Inspire Lending Compliance Leader to Grow Its Legal Resources

 

South Bend, IN (September 11, 2018): Carleton, Inc., a leading provider of compliant loan calculation and digital document software solutions, today announced the addition of Brian Kelly to its Compliance & Research team.

With the expansion of State-driven regulatory changes, along with the uncertainty of the Bureau of Consumer Finance Compliance (BCFP) positions on a wide range of Federal rules, Carleton is bolstering its Compliance & Research Department to continue to meet and exceed partner expectations.

The comprehensive solution suite of CarletonCalcs®, CarletonDocs®, CarletonAudit®, and Carleton Access® help lenders mitigate legal and regulatory compliance risk in consumer loan calculations. These technologies include federal and state-specific loan/lease calculations, digital document generation, electronic-audit reporting, and other compliance tools to support various lending compliance mandates.

Carleton’s software solutions are differentiated in the compliance industry by its highly-regarded Compliance & Research department.

Attorney Brian Kelly has joined the Carleton team, bringing with him a diverse legal background and expertise which includes business law, regulatory & compliance review, contract review, business documentation, and other litigation disciplines.

Headshot of Brian KellyBrian graduated from Colorado College in 2001.  He graduated thereafter from the St. Louis University School of Law in 2013.

“The opportunity to join Carleton, Inc. has been exciting and professionally satisfying because of Carleton’s unique niche in the lending industry and their positive workplace culture,” says Kelly.  “Once I came aboard, I discovered an innovative, fresh, and dynamic team that is developing next-generation software to tackle market inefficiencies and to ensure Carleton remains a leader in the financial lending sector.”

“Brian’s addition further strengthens the Carleton Compliance & Research team which already features an unsurpassed level of expertise not found within any other organization in our industry,” stated Pat Ruszkowski, President and CEO of Carleton. “The addition of Brian Kelly demonstrates Carleton’s strong commitment to provide lenders with expert solutions and support to successfully adapt to the constant changes in the compliance landscape”.

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

SWBC & Carleton Team up to Provide Ritchie Bros. Financial Services Payment Protection Offering

FOR IMMEDIATE RELEASE

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

 

Vancouver, BC (July 12, 2018): Three industry-leading organizations have aligned to deliver a comprehensive new automated lending solution to a non-traditional major lending market.

Ritchie Bros. Financial Services (RBFS), a subsidiary of Ritchie Bros. Auctioneers Incorporated that offers financing and leasing solutions for equipment owners and dealers in Australia, Canada, Mexico and the United States, has teamed up with Carleton, Inc. (Carleton) and SWBC to deliver an efficient manner to quote and distribute life and disability protection on loans to its customers in the United States.

SWBC is an international financial services company headquartered in San Antonio, TX, that provides a variety of financial products in all 50 states. The company’s diverse portfolio of proprietary and non-proprietary credit insurance products are offered through a broad distribution network, aligning perfectly with RBFS’ requirements. Ritchie Bros. Financial Services was already familiar with credit insurance as the company is a significant seller of the product in Canada. While auctions for heavy commercial equipment are conducted worldwide by its affiliated companies, previously RBFS had only protected Canadian loans with credit insurance.

Unlike traditional auto consumer loans, which are closed at the dealer’s location, RBFS commercial loans are closed at the auction house where the used commercial equipment is purchased.    RBFS needed an easy and streamlined process for providing a payment quoting and closing tool that supported the multitude of finance companies and the sale of credit insurance production products.   This support also required the generation of all the required credit-related documents.

SWBC turned to Carleton, an industry leader in providing internet-based loan closing technology, to deliver an integrated system that would allow buyers at Ritchie Bros. auction in the United States to uniquely obtain financing with credit insurance protection ahead of time or on-site at the auction.

Using CarletonAccess® interfaced with SWBC’s internet-based platform, RBFS account managers are now able to accurately calculate the cost of single premium credit life and credit disability insurance, generate the required credit-related documents, while also calculating accurate refunds in the event of early termination of the loans.

Pat Ruszkowski, president of Carleton, stated, “SWBC’s expertise in understanding the needs of RBFS and its auction business enabled Carleton to provide a first-class and compliant credit insurance sales system in a very short time-frame.  We leveraged SWBC’s and Carleton’s combined 80+ years of experience to develop a unique, efficient, and cost-effective loan quoting and closing solution to sell credit protection insurance for the benefit of Ritchie Bros. Auctioneers and its customers.”

This comprehensive, partnered solution allows buyers at Richie Bros. auctions in the United States to uniquely obtain financing ahead of time on-site, much like a consumer can do today when purchasing an automobile. Working together with an auction house, rather than a traditional automotive dealer, was a first for both SWBC and Carleton.

 

About SWBC

As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals a wide range of insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and manages business around the world. No matter how wide its reach, SWBC always listens to our customers’ needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC’s website at www.swbc.com.

About Carleton Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document delivery software. Based in South Bend, IN, Carleton has more than 40 years of leadership in the rapidly-changing regulatory industry with guaranteed accuracy in all their calculations and disclosures to fulfill compliance requirements today and in the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

About Ritchie Bros.

Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance(R) equipment condition certification; Marketplace-E, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanetTruckPlanetKruse Energy Auctioneers, and Cat(R) auctions, plus equipment financing and leasing through RBFS. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.

Carleton Named 2018 SubPrime Auto Finance News Top 175 Honoree

South Bend, IN (Feb 12, 2018):   In the most recent issue of SubPrime Auto Finance News, Carleton has been recognized by the publication for its industry-leading compliant lending calculations and document generation services.

According to senior editor Nick Zulovich of SubPrime Auto Finance News, this honor list reflects “finance companies, service and technology providers and other organizations that take the most risk and still flourish in vehicle financing that’s grown to be a $1 trillion economic pillar”.

Carleton is the “only” company on the list that specializes in compliant lending computations and document generation among the 175 honorees selected.  In addition to Carleton, several large lending organizations using their solutions and more than a dozen of Carleton’s technology partners are also cited with SubPrime Auto Finance News recognition.

“We appreciate the recognition for our contributions towards making both technology partners and auto lenders successful in meeting their compliance and growth challenges”, said Carleton President Pat Ruszkowski.

Carleton has long been viewed as the industry leader in computational compliance, as well as complementary technology that helps lenders flourish and grow in a highly-regulated industry.

About Carleton Inc.

Carleton is the country’s leading provider of financial calculation software, loan origination compliance support, and document delivery software. Based in South Bend, IN, Carleton has more than 45 years of leadership in the rapidly-changing regulatory industry with guaranteed accuracy in all their calculations and disclosures to fulfill compliance requirements today and in the future. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

LAUNCHER.SOLUTIONS and Carleton Announce Integration Partnership

FOR IMMEDIATE RELEASE

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

Featuring Auto Lender Enhanced Compliance Solutions

Jacksonville, FL and South Bend, IN (October 3, 2017): LAUNCHER.SOLUTIONS, a technology provider specializing in subprime automotive loan originations, announced today a strategic integration partnership with Carleton, Inc., giving auto lenders enhanced compliance solutions. The integration with Carleton and LAUNCHER.SOLUTION’s appTRAKER Loan Origination System is seamless and beneficial for lenders as it ensures compliance requirements are met.

appTRAKER Loan Origination System was designed by experts in the automotive lending industry, specifically geared towards sub/near-prime lenders. Because of stringent compliance regulations on the state and federal levels, the integration partnership with Carleton adds superior value to appTRAKER LOS. Carleton ensures all loans are compliant with Federal Truth In Lending disclosure requirements, state statutory and regulatory computational requirements, as well as the lender’s own rules and policies.

“Carleton is an expert in the compliance arena,” said Nikh Nath, President of LAUNCHER.SOLUTIONS. “They bring value to appTRAKER and give our clients added peace of mind, knowing their compliance is properly handled.” LAUNCHER.SOLUTIONS has successfully integrated Carleton for computational compliance within its loan origination system using CarletonCalcs® technology.

“With Federal and State regulatory oversight not going away, Carleton continues to enhance and provide our partners with best-in-class solutions that take the computational compliance burden off of them and their lenders,” says Matt Ruszkowski, Carleton’s Vice President of Business Development. “By integrating our CarletonCalcs® components, LAUNCHER.SOLUTIONS enables current and future clients to have federal and state-compliant calculations.”

Lenders utilizing appTRAKER LOS will automatically be operating with Carleton’s compliance software during the origination process. Using Carleton’s industry-leading loan computation calculations, appTRAKER LOS will be able to efficiently meet Federal and State-specific regulations while also reducing laborious programming changes via simplified configuration settings.

 

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 the subprime/nearprime automotive lending industry. Its innovative products include appTRAKER LOS, 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 about LAUNCHER.SOLUTIONS at www.launcher.solutions or call at 877.5LNCHER. Follow us on LinkedIn.

 

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Carleton, Inc. Achieves Microsoft Silver Certification

FOR IMMEDIATE RELEASE

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

 

Industry Leader Demonstrates Commitment to Technology & Security Excellence

South Bend, IN (July 10, 2017): Carleton, Inc., a leading provider of compliant loan calculation and document generation solutions, today announced that it has successfully completed the requirements to achieve its Microsoft Silver Certification.

“The Carleton development team has been aggressively completing training/coursework to sustain a continued foundation of evolving technology on behalf of our clients,” stated Carleton, Inc. President Pat Ruszkowski.

Microsoft Partner“We recognize that continued investments in the advanced skills and tools for our technology team are critical to our success in operations and integrations – for both our strategic business partners and lenders. As we offer solutions in a secure hosted ecosystem, this important knowledge base demonstrates our commitment to supporting both current and future lending compliance solutions”.

The most recent Carleton development team’s successful coursework includes developing ASP.NET MVC Web Applications.

Microsoft Certification is cited as a best-practice standard in the financial services industry, and seen as a “proof point” when value-added integrated solutions are offered by lending technology partners. Lending organizations routinely seek technology certifications from their strategic business partners as part of their own vendor management programs.

“We’ve invested in our development resources to acquire a higher and sustainable level of competency in both the .Net and MVC skillsets,” indicated Deb Grounds, Vice President of Software Services.”Systems infrastructure and security are both extremely important competencies in the ever-changing technology world, and especially critical towards hosted solutions. Our objective is to continue to advance our certifications overall.”

Grounds indicated that Carleton will be pursuing its Microsoft Silver Certification in the Datacenter competency, with the intent to complete this additional milestone by the end of 2017.

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Carleton Looks to Transition SmartPC Clients to Newer Technology

FOR IMMEDIATE RELEASE

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

Transitions mandated by software advances and legacy platform modernization

South Bend, IN (April 28, 2017): Carleton, Inc., a leading provider of compliant loan calculation and document generation solutions, today announced that it has begun offering customers of its legacy software, SmartPC, the opportunity to transition to a much newer offering.

As is the common practice in the software/solutions industry, Carleton, Inc. regularly evaluates its products & services to ensure that clients achieve both value and success in their lending operations.

Based upon the accelerating advancement in technology in recent years, Carleton determined that the SmartPC product cannot be properly sustained under its existing Microsoft Visual Basic (VB) platform structure (Microsoft itself no longer supports the VB legacy underlying framework).

In anticipation of various and ongoing technology advancements, Carleton developed its next-generation origination solution, CarletonAccess® (as a replacement candidate to SmartPC).

Carleton recently informed its SmartPC clients that it will no longer support this product as of September 1, 2017 via a direct communication. SmartPC will be officially “sunset” on that date.

The new CarletonAccess® solution includes all the capabilities of SmartPC, along with an improved user experience.

CarletonAccess® is built upon a solid foundation of today’s technology, coupled with best practices for loan origination processing. Furthermore, CarletonAccess® can be easily deployed and integrated with some of the latest lending integrated offerings, including digital document delivery and eSign.

Carleton has begun to work directly with their clients to ensure their orderly and cost-effective migrations to CarletonAccess®. Carleton is also honoring their maintenance support already paid for SmartPC through the sunset date.

Any clients interested in proceeding with a transition from SmartPC to CarletonAccess® may contact Ken Solnoky at (574) 243 – 6040 Ext 241 to discuss their specific needs for this process to be completed.

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Carleton Completes Successful SOC2 Audit

FOR IMMEDIATE RELEASE

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

Operational Standard Demonstrates Commitment to Lending Compliance

South Bend, IN (April 21, 2017): Carleton, Inc., a leading provider of compliant loan calculation and document generation solutions, today announced that it has successfully completed its 2016 SOC 2 compliance audit, conducted by Crowe Horwath LLP.

SOC 2 compliance has quickly become a hot topic in today’s world of technology and cloud computing, as service organizations such as Carleton must demonstrate their adherence to this mission-critical mandate for security and data management control.

In a data-dependent world that is routinely exposed to potential security threats, SOC 2 compliance is a strategic standard for technology companies to ensure their integrity within the financial infrastructure.

AICPA SOCSOC 2 audits are intended to meet the needs of a broad range of information and assurances pertaining to controls within a service organization on security, availability, and processing integrity, including any systems used to process user data and the confidentiality and privacy of the information itself.

The principles upon which SOC 2 are based are modeled to address four basic areas: Policies, Communications, Procedures, and Monitoring. Each of these principles has defined criteria (controls) that must be met to demonstrate adherence to the principles and produce a successful independent SOC 2 audit.

“We recognize that SOC 2 certification on a yearly basis has become the standard by which strategic partners are measured. Over the last two years, Carleton made major investments in personnel, technology, and training to successfully complete its SOC 2 audit.  It has been a top priority that Carleton met and/or exceeded the compliance requirements of our lending partners and customers,” stated Carleton, Inc. President, Pat Ruszkowski.

As Carleton updated their operational practices to meet SOC 2, they recognized that implementing the newer standards was far more than a “connect-the-dots” exercise. Since SOC 2 applies to nearly every SaaS company, as well as any company that uses the cloud to store its customers’ information, overall standards were expanded to include more current elements of data controls.

The SOC 2 audit included Carleton’s industry-leading CarletonDocs®, CarletonCalcs®, and CarletonAccess® application infrastructures.

Carleton’s successful SOC 2 audit validates its commitment to excellence by adhering to the mandated industry standards for the delivery of secure products and services to its client partners.

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Carleton Expands Compliance Expertise

Rapidly-Changing Landscape in Regulatory & Rules Drives Lending Compliance Leader to Invest in Expanded Legal Resources

South Bend, IN (February 7, 2017): Carleton, Inc., a leading provider of compliant loan calculation and digital document software solutions, today announced the second of a series of initiatives to help promote compliance success for its clients.

With forecasted Federal Governance changes in 2017, the CFPB’s operational evolution, and the uncertainty surrounding the future of current Dodd-Frank and other regulatory legislation, Carleton is well-positioned to bolster its market leadership in this field.

headshot of Sarah Way MilovichThe comprehensive solution suite of CarletonCalcs®, CarletonDocs®, CarletonAudit®, and CarletonAccess® helps lenders mitigate legal and regulatory risk compliance of consumer loan calculations. These technologies include federal and state-specific loan/lease calculations, digital document generation, electronic-audit reporting, and other compliance tools to support various lending compliance mandates.

Carleton’s software solutions are supported by its highly regarded compliance research department, which is relied on by many of the major lenders nationwide.  Carleton expands its compliance support with the addition of an expert with proven legal experience.

Attorney Sarah Way has joined the Carleton team, bringing with her valuable legal background and expertise, which includes business law, contract development and documentation, intellectual property regulations, property insurance law, and other litigation disciplines.

Sarah graduated with honors from Loyola University School of Law in 2013.  Sarah graduated with a Bachelor of Arts in Political Science from the University of Notre Dame in 2009.

“I came to know of Carleton through its reputation in the local South Bend community,” Sarah commented. “But it quickly became clear that Carleton is a compliance leader in the area of consumer finance. I’m thrilled to be joining Carleton as they continue to grow and thrive in the industry.”

“Sarah will add tremendous legal expertise to our compliance research department,” stated Pat Ruszkowski, President and CEO of Carleton. “The addition of Sarah Way demonstrates Carleton’s long-term commitment to provide lenders with expert solutions and support that will meet the ever-changing compliance landscape.  We intend to enhance our compliance leadership position in 2017, so that we can continue to help drive the success of our customers and earn their satisfaction and trust.”

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

Carleton and eOriginal Introduce Joint Digital Solution for Loan Origination Systems

FOR IMMEDIATE RELEASE

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

 

Partnership offers Compliant Loan Calculations, Dynamic Generation of Loan Documents, Rate Monitoring, Secure eVaulting, and Accelerated Speed to Funding

Baltimore, MD and South Bend, IN (September 28, 2016): Carleton, Inc., a leading provider of compliant loan calculation and document generation software solutions, and eOriginal, Inc., the experts in digital transactions, today announced a partnership to deliver a streamlined joint solution for loan origination system (LOS) providers to support the increase in lenders who are adopting digital loan programs.

The technology solution will integrate CarletonCalcs®, CarletonDocs®, and eOriginal’s eAsset® Management Platform to create a robust digital solution that mitigates legal and regulatory risk related to compliant consumer loan calculations, document generation, and electronic audit trails. The strategic partnership will streamline the loan closing process and speed funding cycles through fully digital record transfers and securitizations.

“LOS providers utilizing the Carleton and eOriginal integration will empower lenders to better address regulatory compliance and optimize lenders’ flexibility to move assets onto the secondary market,” commented Stephen Bisbee, president and CEO of eOriginal. “Our platform’s powerful integration with loan origination systems gives lenders the opportunity to ‘start digital and stay digital’ from loan origination all the way through to securitization.”
Supporting all loan types, regardless of asset class, the Carleton and eOriginal joint solution provides:

  • Accurate computations for all types of consumer loans and leases, including all credit insurance and debt protection products;
  • Dynamic generation of the eSign-ready loan documents based on loan type and products sold;
  • Security controls to verify the integrity of digital authoritative copy to mitigate legal and regulatory risk for critical asset-backed documents; and,
  • Fully integrated digital audit trail during the entire lifecycle of the asset.

“The demonstrated technical knowledge and regulatory expertise of Carleton and eOriginal provides the lender with the needed support to meet the requirements of the ever-changing and highly regulated lending environment,” stated Pat Ruszkowski, president and CEO of Carleton. “LOS providers can easily and quickly make available to their lenders any of the individual components offered through this digital lending solution.”

Carleton and eOriginal will unveil the joint solution next week during the Auto Finance Summit, Oct. 5 to 7, in Las Vegas.

The Carleton, Inc. and eOriginal Joint Solution:

CarletonCalcs®

A suite of lending calculation software components designed for easy integration into loan origination and servicing systems, compliantly supporting consumer, mortgage, and commercial lending transactions on a nationwide basis. Carleton has partnered with most of the major loan origination, auto DMS, menu selling, and CRM software companies, providing nationwide compliant lending and leasing calculations and support services.

CarletonDocs®

A suite of document generation software components and support services designed for easy integration into lending systems, compliantly supporting the generation of all the documents associated with consumer, mortgage, and commercial transactions. Carleton has partnered with the major loan origination, auto dealer management, menu selling, and CRM software companies, providing nationwide compliant and dynamic document generation software and support services.

eOriginal’s eAsset® Management Platform

The eOriginal solution enables businesses to go beyond simple electronic signature functionality to manage the entire lifecycle of a digital transaction in a fully electronic environment. For needs ranging from secure storage to pledging or collateralizing in the secondary market, we treat each and every transaction within this platform as a financial asset that must be verifiably secure, legally compliant, and enforceable. These post-signature services can be classified into three categories: Vaulting, Transaction, and Transferable Records Services.

 

About Carleton Inc.

Carleton is the leading provider of compliant lending and leasing calculation software and dynamic document generation software serving the banking, credit union, and auto lending industry. Founded on compliance expertise at a federal and state level in 1969, the company’s client list has grown to include most of the major lenders, credit insurance companies, and loan origination software providers in the United States. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.

About eOriginal

Founded in 1996, eOriginal is the trusted expert in digital transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginal SmartSign® and eAsset® Management Services enable an end-to-end solution for fully electronic transactions that must be managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty®.  For more information, please visit www.eoriginal.com. eOriginal®, eAsset®, eOriginal SmartSign® and eCertainty® are trademarks of eOriginal, Inc. and are registered in the United States or in other jurisdictions.