Carleton, Inc.
Consumer Lending Software

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Compliance Review

The Need

First it was 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. The CFPB has the authority to impose significant penalties for violations of federal and state lending laws.

CFPB recommends periodic independent calculation validation to assure regulatory compliance and alignment between the contract language, the loan origination system, and the servicing system to avoid potential UDAAP violations.

The Solution

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:

The Guarantee

For more information and pricing, contact Matt Ruszkowski at 800-433-0090 Ext. 235, or