Fortegra Financial Corp., a leading international specialty insurer and subsidiary of Tiptree, recently announced a new partnership with Carleton, which offers financial calculation software.
The partnership is designed to provide a seamless interface for lending platforms to easily and accurately calculate payments with Fortegra’s credit protection product.
This new partnered solution can allow Fortegra clients to accurately quote and present Fortegra’s credit protection products directly within their lending platform through CarletonCalcs API interface. Officials acknowledged credit insurance calculations remain a burden for many lending platforms, and this difficulty inhibits product promotion for many lenders.
With more than 150 integrated partnerships, the CarletonCalcs API has tried to eliminate the calculation burden that lending platforms encounter by providing an interface designed with easy integration as a central software feature.
“Automation has become a must-have rather than a nice-to-have requirement in our industry,” Fortegra senior vice president of credit protection Mike Ferris said. “At Fortegra, we’re always looking for new solutions to meet the ever-changing needs of our clients. Thanks to our new relationship with Carleton, we’re making loan submission and accessibility much faster and more efficient, once again helping Fortegra clients ‘Experience More.’
Through this integrated delivery, it can provide dealers and finance companies with the ability to quickly calculate loan information — including interest, fees, taxes and credit insurance rates—as well as assure that data is compliant within a dealer’s business decisions and governmental regulations.
Carleton president Matt Ruszkowski highlighted the Fortegra/Carleton partnered solution has been successfully adopted by multiple clients.
“We’re proud to partner with Fortegra to streamline the loan process for their clients and allow them to accurately compute and present their credit protection products within their client’s lending platforms,” Ruszkowski said.
“As the credit insurance industry continues to adapt to an ever-changing technological landscape and provide automation for its customers, Fortegra is taking the important steps to remain an industry leader with their customers’ ease-of-use and satisfaction as key to that continued success,” he went on to say.