First came the Dodd-Frank Act and the prohibition of UDAAPs. Then the Consumer Financial Protection Bureau (CFPB) was created providing broad powers to mandate adherence to consumer lending regulations.
At Carleton, we believe service providers to the financial industry must be more than vendors. They need to be actively-engaged partners. Partners don't just collaborate. They stand behind their clients. That's why we established an important professional service solution called CarletonAudit®. CarletonAudit® provide a credible independent validation and audit review of consumer loan calculations as recommended by CFPB
Carleton's experienced research department provides confidential audit services that include loan transaction analysis and validation against specific federal and state regulations.
CarletonAudit® service provides a credible independent validation and audit review of consumer loan calculations as recommended by CFPB. CarletonAudit® Loan Suite of Software and compliance solutions used by lenders nationwide. CareltonAudit provides the proper auditing controls necessary to make sure your loan origination and servicing software, provided by third-party vendors or developed internally, are fully compliant with all applicable federal and state regulations. This service can also be used to verify calculation compliance when purchasing loan portfolios.
The loan calculation compliance review includes the following audits:
To order, please call 574-243-6040 to speak with a Sales Representative.