Carleton Inc
Carleton Inc provides API-based compliance calculation, document generation, and audit software for the U.S. consumer lending industry, embedded into major loan origination systems and serving banks, credit unions, auto lenders, and credit insurance providers across all 50 states since 1969.
- Company typePrivate
- Founded1969
- HeadquartersSouth Bend, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Carleton Inc does
Carleton Inc is a privately held, Indiana-domiciled (South Bend) software company founded in 1969, in conjunction with the enactment of the Truth in Lending Act, that builds compliance calculation, document generation, scenario modeling, and audit validation software for the U.S. consumer lending industry. The company's platform comprises four core product lines: CarletonCalcs® (a payment calculation and compliance validation API engine with vertical modules for automotive, loan origination, lease origination, student lending, and mortgage), CarletonDocs® (compliant document generation and distribution), CarletonAccess® (a web-based what-if loan scenario tool), and CarletonAudit® (independent validation of consumer loan calculations). The underlying technology is a rule-based, deterministic calculation engine that handles complex regulatory scenarios including daily vs. periodic interest accrual, leap year handling, U.S. Rule vs. Actuarial Method APR, and state-specific maximum charge provisions, with a documented 16-page Appendix J to Regulation Z methodology and continuous in-house legal monitoring across all 50 states.
Carleton operates an API-first, embedded distribution model, licensing its calculation engine directly into major loan origination systems (LOS) including Fiserv (since 2007), TCI DecisionLender (since 2005), Wilson Technologies Deal Operator (since 2010), and most recently LAUNCHER.SOLUTIONS appTRAKER (2026), reaching thousands of downstream lenders through these technology partnerships. Customer segments span direct and indirect lending, automotive, RV/powersports/marine, student lending, mortgage, and credit insurance, with named customers including Lendisoft, defi SOLUTIONS, Fortegra, and Ritchie Bros. Financial Services. The company reports a 98% client retention rate, AICPA SOC 2 compliance, and revenue from a mix of recurring API/software licensing, subscription access, and specialized TILA reimbursement professional services. Carleton employs 11-50 staff, has no external funding rounds or institutional investors, and is led by President/CEO Pat Ruszkowski with General Counsel Sarah Milovich overseeing the in-house compliance function.
Carleton Inc firmographics
Firmographics- Name
- Carleton Inc
- Legal name
- Carleton, Inc.
- Website
- https://carletoninc.com
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Carleton Inc provides API-based compliance calculation, document generation, and audit software for the U.S. consumer lending industry, embedded into major loan origination systems and serving banks, credit unions, auto lenders, and credit insurance providers across all 50 states since 1969.
- Ownership category
- akta.pro rank
Carleton Inc industry classification
Industry- Product category
- Consumer Lending Compliance Software
- NAICS
- Activities Related to Credit Intermediation (5223)
- akta.pro primary industry
- Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)
Keywords
Where Carleton Inc is headquartered
LocationHeadquarters
- HQ city
- South Bend
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Carleton Inc business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- API and Software Licensing: CarletonCalcs® and CarletonDocs® are integrated into partner loan origination systems through API licensing arrangements. Partners such as Fiserv, TCI, Wilson Technologies, and others embed Carleton's calculation engine and document generation capabilities into their platforms.
- SaaS/Subscription Access: CarletonAccess® provides web-based interface access for what-if loan scenarios. The company also operates hosted calculation services with availability monitoring, suggesting subscription-based access to cloud-hosted solutions.
- Professional Services - TILA Reimbursement Review: Specialized compliance consulting services for Truth in Lending Act adjustment and reimbursement calculations. Carleton assists creditors in recasting thousands of transactions to compute accurate adjusted APR and cure sums within regulatory timeframes.
- Customer Support and Maintenance: Ongoing customer support services including compliance parameter updates, system configuration reviews, and maintenance of calculation accuracy against evolving state and federal regulations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise B2B licensing - custom pricing based on partnership scope and transaction volume |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels4 records
Carleton Inc product offering
Product offeringCore offering
Carleton provides consumer lending compliance software consisting of payment calculation APIs, compliant document generation, web-based loan scenario modeling, and independent calculation validation services. The products integrate directly into loan origination systems (LOS) of partner platforms such as Fiserv, TCI, and Wilson Technologies, enabling lenders and credit insurance providers to compute payments and disclosures compliant with federal and state regulations across all 50 states. Revenue is generated through enterprise licensing, recurring subscription access, and specialized compliance consulting engagements.
Product overview
Carleton Inc provides a unified platform of financial compliance solutions for the consumer lending industry, consisting of four core product lines: CarletonCalcs® (payment calculation APIs), CarletonDocs® (compliant document generation), CarletonAccess® (loan scenario modeling), and CarletonAudit® (independent validation). CarletonCalcs® serves as the foundational calculation engine supporting multiple origination modules (CarCalcs™ Suite, Loan Origination, Lease Origination, OriginationPlus, Student Lending, Mortgage) that integrate with software partners' lending and leasing applications. The products work together to support the full lending lifecycle from quoting and origination through closing and servicing, with embedded compliance across all 50 states.
Differentiator
Problem solved
Functional benefit
Brands
- CarletonCalcs®: Calculation solutions designed to integrate with software partner's lending and leasing applications, supporting product calculation requirements while meeting compliance requirements at lender, state and federal levels.
- CarletonDocs®
- CarletonAccess®
- CarletonAudit®
Products and services
- CarletonCalcs® API-based payment calculation and compliance validation software that integrates with software partners' lending and leasing applications, supporting product calculation requirements while meeting compliance requirements at lender, state, and federal levels. For banks, credit unions, auto lenders, credit insurance providers, and LOS vendors.
- CarletonDocs® Compliant document generation and distribution platform that produces all compliant documents and forms utilized throughout the consumer lending purchasing journey, integrating with loan origination systems. For lenders, credit unions, and LOS providers.
- CarletonAccess® Web-based interface that performs what-if loan scenarios with multiple insurance protection combinations on a single display, making selling credit insurance and add-on protection products easy. For lenders, dealers, and credit insurance providers.
- CarletonAudit® Independent validation service for consumer loan calculations, ensuring compliance with federal and state regulations. Provided by in-house compliance attorneys and policy analysts. For creditors needing independent compliance assurance and TILA reimbursement review.
Quantifiable outcome
- 98% Client Retention Rate
- +2 more outcomes
Companies that use Carleton Inc
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles3 records
Carleton Inc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Carleton Inc partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- LAUNCHER.SOLUTIONScoreStrategic product integration between Launcher.appTRAKER Loan Origination System and CarletonDocs® compliant document generation platform. The integration enables lenders using appTRAKER to generate dynamic deal jackets with accurate disclosures while maintaining compliance with evolving state and federal regulations.
- FortegracorePartnership to provide seamless interface for lending platforms to calculate loan payments with Fortegra's credit protection products. The solution allows Fortegra clients to accurately quote and present credit protection products directly within their lending platform through CarletonCalcs® API interface. Fortegra is a leading international specialty insurer and subsidiary of Tiptree Inc.
- SWBCcoreThree-party partnership with SWBC and Ritchie Bros. Financial Services to deliver comprehensive automated lending solution for equipment financing. Using CarletonAccess® interfaced with SWBC's platform, RBFS account managers can calculate credit insurance costs and generate required credit-related documents. Combined 80+ years of experience leveraged between SWBC and Carleton.
- Ritchie Bros. Financial ServicescoreRBFS, a subsidiary of Ritchie Bros. Auctioneers Incorporated offering financing and leasing solutions for equipment owners and dealers in Australia, Canada, Mexico and the United States. RBFS partnered with Carleton and SWBC to deliver efficient payment quoting and closing tools supporting credit insurance protection for auction-based equipment loans.
- Wilson TechnologiescorePartnership to incorporate Carleton's SmartCalcs loan origination software as part of Wilson Technologies' Deal Operator CRM/Desking Tool servicing automotive dealers nationwide. Wilson Technologies provides complete solution for security/red flag compliance, desking, sales/finance controls and customer relationship management.
- FiservcoreCarletonCalcs® financial compliance software embedded into Fiserv Automotive Solution's Loan Origination System. Integration automates rate calculations, validates state usury law compliance, and keeps clients up-to-date with regulatory requirements. Fiserv is a Fortune 500 company and leading provider of core processing solutions for U.S. banks, credit unions and thrifts.
- TCI (Teledata Communications, Inc.)coreIntegration of CarletonCalcs® loan origination and compliance calculation software into TCI's DecisionLender web-based loan origination and automated processing solution for credit unions, banks, finance companies and other lenders. The combination enables customers to consistently achieve compliance requirements while enhancing customer service and streamlining workflow.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Carleton Inc competitors and assessment
Company assessmentDirect peers
- ComplianceEase: ComplianceEase (now part of ICE Mortgage Technology) provides regulatory compliance and calculation solutions for mortgage lenders. It is directly comparable to Carleton in serving consumer lenders with embedded compliance calculation and audit services across multiple states.
- QuestSoft: QuestSoft offers compliance software for mortgage and consumer lenders, including HMDA, CRA, and fair lending compliance. It competes with Carleton's CarletonAudit® and CarletonCalcs® offerings in the lender compliance calculation space.
- TCI (Teledata Communications): TCI provides the DecisionLender loan origination system for credit unions, banks, and finance companies, and embeds CarletonCalcs® natively. It is comparable to Carleton as a calculation-enabled LOS serving consumer lenders, with overlapping compliance capabilities.
- defi SOLUTIONS: defi SOLUTIONS provides a loan origination and servicing platform for lenders and integrates with Carleton's product suite. It is a comparable technology partner serving the same consumer lending ecosystem, with overlapping compliance and calculation dependencies.
Broad incumbents
- MeridianLink: MeridianLink is a broader loan origination and digital lending platform for banks, credit unions, and mortgage lenders. It overlaps with Carleton's served verticals and could integrate competing in-house compliance calculation capabilities.
- nCino: nCino provides a cloud-based bank operating system including loan origination and compliance workflows for financial institutions. It is comparable as a broader lending technology platform that competes for the same lender IT budget as Carleton's embedded offerings.
- Fiserv: Fiserv is a Fortune 500 financial technology provider whose Automotive LOS embeds CarletonCalcs®. It is comparable as both a partner and a potential competitor, given its scale and ability to develop in-house compliance capabilities.
- ICE Mortgage Technology (formerly Ellie Mae): ICE Mortgage Technology is a major mortgage technology platform encompassing Encompass and ComplianceEase. It directly competes with Carleton in mortgage compliance calculation and document generation, and owns ComplianceEase.
- Black Knight: Black Knight provides mortgage and consumer lending technology, including loan origination and servicing platforms. It is comparable as a broader incumbent whose loan origination ecosystem could substitute for or integrate Carleton's calculation APIs.
Regional players
- SWBC: SWBC is a financial services technology provider with deep experience in credit insurance and lending workflows; Carleton and SWBC jointly power Ritchie Bros. Financial Services. SWBC is comparable as an adjacent partner/competitor in credit-insurance-enabled lending technology.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Carleton Inc social profiles
Digital presenceCarleton Inc compliance and trust
Trust signalCompliance1 record
Carleton Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Carleton Inc leadership team
Management profileNumber of profiles
Profiles6 records
Carleton Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Carleton Inc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Carleton Inc
What does Carleton Inc do?
Carleton provides consumer lending compliance software consisting of payment calculation APIs, compliant document generation, web-based loan scenario modeling, and independent calculation validation services. The products integrate directly into loan origination systems (LOS) of partner platforms such as Fiserv, TCI, and Wilson Technologies, enabling lenders and credit insurance providers to compute payments and disclosures compliant with federal and state regulations across all 50 states. Revenue is generated through enterprise licensing, recurring subscription access, and specialized compliance consulting engagements.
Is Carleton Inc a public or private company?
Carleton Inc is a private company. It is classified as unknown and is currently operating.
When was Carleton Inc founded?
Carleton Inc was founded in 1969. It employs 11 to 50 people.
Where is Carleton Inc based?
Carleton Inc is headquartered in South Bend, United States, in the North America region.
How does Carleton Inc make money?
Four revenue lines are on record. API and Software Licensing is the primary driver. The others are saaS/Subscription Access, professional Services - TILA Reimbursement Review and customer Support and Maintenance.
Who are Carleton Inc's main competitors?
Direct peers on record are ComplianceEase, QuestSoft, TCI (Teledata Communications) and defi SOLUTIONS. Broad incumbents are MeridianLink, nCino, Fiserv, ICE Mortgage Technology (formerly Ellie Mae) and Black Knight. SWBC is listed as a regional player.
Does Carleton Inc have an API?
Yes. Carleton provides API-based calculation solutions that integrate with software partners' lending and leasing applications. The company offers CarletonCalcs® API for payment calculation, compliance validation, and loan origination. API documentation is available through the customer portal at portal.carletoninc.com/knowledgebase/. The customer portal also references 'API Guides' as a resource category.
What industry is Carleton Inc in?
Carleton Inc's product category is Consumer Lending Compliance Software. Its primary akta.pro industry code is FSAKAKAA, Credit Bureaus & Consumer Credit Reporting Agencies. Its NAICS code is 5223.