BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that Carleton,
Inc.'s SmartCalcs financial compliance software is now available
within its Common
Origination Platform™. SmartCalcs is a suite of lending calculation
software components designed to provide enterprise-wide computational
compliance. By integrating this functionality into Common Origination
Platform from Fiserv, lenders across all verticals — mortgage, business
and consumer — can access consistent, compliant calculations at an
enterprise level, to support its clients' ability to better manage
business risk.
Fiserv has teamed with Carleton since 2007 when it integrated the
SmartCalcs functionality into its Automotive Loan Origination System. By
extending this relationship, the SmartCalcs functionality will also be
integrated into the Common Origination Platform. 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 and contract computations.
Additionally, when regulatory changes occur, Carleton will maintain the
calculation changes and deploy them regularly, helping to maintain
calculations compliance in all 50 states.
"We are excited to be part of this new origination solution from Fiserv,
which will take advantage of our 40 plus years of compliance support
experience," said Pat Ruszkowski, President, Carleton, Inc.
"Having consistent, compliant calculations at an enterprise level is
critical to managing business risk. By extending our relationship with
Carleton we are able to give our clients access to one of the best
calculation tools through our Common Origination Platform," said Kevin
Collins, president, Lending Solutions, Fiserv.
Common Origination Platform from Fiserv is a single-platform solution
that can provide lenders a view of its borrowers across all lending
channels and products, with data in one place regardless of the point of
origination or loan type. By incorporating SmartCalcs functionality
within Common Origination Platform, Fiserv will further enhance the
value of its flagship origination solution.
Additional Resources:
About Carleton
Carleton is the leading provider of compliant lending and leasing
calculation software and document preparation software serving the
financial and auto industry. Founded on compliance expertise at a
federal and state level, their client list has grown to include most of
the major lenders, credit insurance companies and loan origination
software providers in the United States. For more information, visit at www.carletoninc.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
(FISV-G)
Media Relations:
Amanda McCracken
Public Relations
Manager
Fiserv, Inc.
678-375-3399
amanda.mccracken@fiserv.com
or
Additional
Contact:
Julie Nixon
Senior Public Relations Manager
Fiserv,
Inc.
678-375-3744
julie.nixon@fiserv.com
Source: Fiserv, Inc.
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