Financial services technology company Fiserv Inc. says Carleton Inc.'s SmartCalcs financial compliance software is now available within the Fiserv Common Origination Platform, which handles enterprise-wide lending activity.
SmartCalcs is a suite of lending calculation software components designed to provide computational compliance. By integrating this functionality into Common Origination Platfo, lenders across all verticals – mortgage, business and consumer – can access consistent, compliant calculations at an enterprise level.
Carleton will provide SmartCalcs calculation files configured to support federal and state regulations, as well as lending products and underwriting guidelines related to the Truth in Lending Act. Additionally, when regulatory changes occur, Carleton will maintain the calculation changes and deploy them regularly, helping to maintain calculations compliance in all 50 states.