The CarletonCalcs® lending APIs provide the most accurate computations for all types of consumer loans in the industry, with or without credit insurance/debt protection. These APIs support equal installment, balloon, single payment, interest only, constant principal reduction, irregular payments, combination payment frequency, and many other options. The computed output data (i.e. payment, APR, etc.) through Carleton's APIs also includes the necessary components for complete Truth in Lending Act (TILA) and TILA-RESPA (TRID) disclosures. CarletonDocs® works seamlessly with our lending APIs by generating and distributing all the compliant documents required to close a loan while maintaining accuracy and validating the data mapped into those documents.
With all the compliant documents needed to close a loan, CarletonConnect™ provides a versatile document delivery platform that integrates with various lending technology systems, either hosted or licensed, to fit existing infrastructures. It simplifies the complex interfacing and data formatting tasks required by different lending software solutions. By leveraging Carleton's solutions, platforms can help lenders create a more reliable and efficient financial ecosystem.
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