Press Releases
FOR IMMEDIATE RELEASE
For further information contact:
Pete Radike
574.243.6040
3530 Technologies Partners with Carleton, Inc. for
Enhanced Compliance Computations and Document Delivery Capabilities
SOUTH BEND, INDIANA, September 29, 2020
Building upon the core value to provide lenders outstanding flexibility, 3530 Technologies has announced an expanded partnership with Carleton Inc. integrating CarletonCalcs® and CarletonDocs® API components into their lending platform.
This new partnership expands CreditCore®—3530 Technologies already feature-packed Loan Origination Solution(“LOS”)—to support direct lenders with comprehensive electronic documents and accurate and compliant disclosure computations. Utilizing both components in tandem ensures not only that the correct electronic document sets are dynamically compiled in application and closing packages, but that each computed value is produced featuring Carleton's 50 years of expertise in providing precisely configured lending calculations.
“Carleton's computational compliance expertise adds credibility and confidence in our client's lending-configurations providing critical value and quality to the CreditCore® user experience,” said Troy Anderson, CEO of 3530 Technologies. “Meeting our client's needs is always a top priority and adding both CarletonCalcs® and CarletonDocs® API components ensures the CreditCore® LOS has complete flexibility to accommodate all types of consumer and business lending products and their corresponding disclosure compliance requirements.”
CreditCore®'s enhanced flexibility ensures 3530 Technologies can serve a more diverse spectrum of lending operations. These Carleton components enable clients to optimize their operational workflows. The CarletonCalcs® API ensures computed contract disclosure values are automatically reduced if they would otherwise exceed state and Federal Truth in Lending Act (“TILA”) compliance requirements, while CarletonDocs® empowers 3530's clients to deploy “off the shelf” document sets, 3rd-party document provider offerings or a combination with their own custom forms. Both Carleton solutions bring a distinct added value to the CreditCore® LOS, ensuring each of 3530's clients are able to configure CreditCore® to the exact requirements of their lending operations.
“Through Carleton's partnership with 3530 Technologies, we're able to deliver cutting-edge compliance capabilities and allow lenders the ability to streamline and optimize their compliance processes,” stated Matt Ruszkowski, President and COO of Carleton. “3530 Technologies' clients can have confidence that Carleton will deliver compliant disclosures in this unforgiving regulatory environment. Additionally, Carleton's team will help ensure a successful and compliant CreditCore® integration, both within the initial implementation project and whenever computations and disclosures need to be updated. Carleton was founded over 50 years ago with our sole focus on delivering accurate and compliant consumer lending calculations. Over these years, we've been successful helping our partners maintain and adapt to an ever-changing compliance landscape, and our relationship with 3530 Technologies is a terrific example of that.”
About 3530 Technologies:
3530 Technologies provides software solutions and services for consumer and business lending that align exactly with the client's existing software environments. These offerings are tailored to the needs of captive lenders, national banks, regional banks, finance companies, credit unions and lending start-ups.
About Carleton, Inc.:
Carleton is the country's leading provider of financial calculation software, loan origination compliance support, and document generation software. Based in South Bend, Indiana, Carleton possesses over 50 years of leadership in this rapidly-changing regulatory industry. Carleton guarantees accuracy in all their calculations and disclosures enabling their partners to fulfill compliance requirements today and into the future. To learn more about Carleton Lending Solutions, go to www.carletoninc.com or contact Pete Radike, Director of Client & Channel Engagement at 800-433-0090 Ext. 245 or PRadike@carletoninc.com.