Mortgage

The real estate industry spans residential, commercial, and industrial markets, with mortgages being the primary financial tool for property transactions. Financial institutions such as banks, credit unions, and mortgage lenders play an important role in facilitating these transactions. Through a loan origination system (LOS), these platforms help lenders simplify and streamline the payment calculation process for the consumer. Carleton's Mortgage API and HOEPA/State Predatory Lending HPML/Qualified Mortgage API calculate and validate those mortgage transactions ensuring they are accurate and compliant with industry requirements.

The CarletonCalcs Mortgage API supports all mortgage loan types including fixed rate, adjustable rate, graduated payment adjustable rate, buy-downs, equal principal reduction, construction, and construction with permanent financing (monthly payments and other frequency payments). Through these payment computations, Carleton also supports private mortgage insurance (PMI) and federal housing administration (FHA) insurance.