Mortgage
Mortgage Payments Configured to Your Lending Products
CarletonCalcs® Mortgage API is similar to our Loan Origination API, but also includes additional inputs and computational features that accurately calculate each variation of a mortgage. The Mortgage API integrates with major Loan Origination System (LOS) software providers and direct lenders—allowing you to calculate precise and compliant consumer transactions that are configured to your institution’s specific lending products. This API also supports all credit insurance and debt protection products available throughout the credit insurance industry.
Supports All Mortgage Loan Types
Fixed rate, adjustable rate ("ARM loans"), buydowns, equal principal reduction, graduated payment ARMs, construction loans, and construction with permanent financing.
Supports Multiple Fee Types
Fixed, percent of principal, fees included in amount financed, fees included in finance charge (TIL fees).
Supports Multiple Loan Types
Installments, balloon payments, construction, hybrid interest only & installment.
Interest, Payment, and Disclosure Options
Payment frequency calendars, time counting and daily rates, and rounding.
PMI, FHA Insurance Premiums
Private Mortgage Insurance (PMI) and Federal Housing Administration (FHA) insurance premium calculations, as well as the complexities behind generating this data are available.
Markets CarletonCalcs® Mortgage Serves
Accurately Calculate Each Variation of a Mortgage
CarletonCalcs® Mortgage API seamlessly integrates with industry platforms for the following markets:
