Fiserv Inc. announced 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 compliant calculations at an enterprise level, to support their clients' ability to better manage business risk.

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.

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.

 

 

[This article was posted on April 4, 2012, on the website of ABA Banking Journal, www.ababj.com.]       

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