Press Releases
FOR IMMEDIATE RELEASE
For more information contact: Carleton Sales Team 574.243.6040 option #3 sales@carletoninc.com
Carleton Partners with Algebrik AI to Elevate Lending Accuracy and Compliance
Carleton, Inc. is excited to announce our strategic partnership with Algebrik AI, a cloud-native, AI-powered Loan Origination Platform. This initiative merges the latest advancements in artificial intelligence with a Loan Origination System (LOS) and incorporates regulatory-compliant payment calculations, poised to transform the consumer lending industry!
Matt Ruszkowski, President & COO of Carleton, Inc. stated, “Our partnership with Algebrik highlights the importance of accurate and compliant payment calculations in today's financial landscape. Together, we're empowering lenders with tools to increase efficiency and build trust from borrowers, thereby enhancing the lending journey.”
This collaboration ensures compliance across 1,000+ calculation methods, including credit insurance, disability, and GAP coverage, while adapting to lender-specific rules. Integrating Carleton's APIs within Algebrik's cloud and AI-native architecture allows lenders to introduce new products with minimal effort and seamlessly scale their offerings regardless of size.
Key Benefits of the Partnership:
- Accurate Loan Calculations: Precise disclosure values, payment calculations, and credit insurance support tailored to diverse lending products.
- Compliance at Scale: Real-time validation of loans against state and federal regulations, a critical feature for indirect and direct consumer lending.
- Expanded Product Support: Seamless handling of loans across credit cards, home equity lines, auto loans, and more.