Kasasa enhanced its service offerings this week through its new partnership with Carleton, integrating configurable and accurate insurance and debt protection calculations within its latest product — the Kasasa Loan.
The company highlighted the Kasasa Loan is an auto and personal loan platform that can allow consumers to reduce debt by paying ahead, while maintaining access to those funds if needed. Using CarletonCalcs, Kasasa’s community bank and credit union clients can add debt protection or credit insurance products to the Kasasa Loan accurately and in compliance with their insurance company’s underwriting requirements.
CarletonCalcs also can enable Kasasa to apply client-specific limits and methods that meet their client’s institutional, state and federal compliance requirements.
“We wanted to ensure the Kasasa Loan added a high level of configurability and compliance support to meet our client’s needs, in addition to providing consumers the greatest flexibility when choosing their loans,” said Chris Cohen, executive vice president of product management for Kasasa.
“Carleton’s expertise in consumer loan calculation compliance provides our clients that extra level of comfort knowing the Kasasa Loan is supported by 50 years of experience and accuracy, while providing unique consumer benefits unavailable through other loan products,” Cohen continued in a news release.
Carleton president and chief operating office Matt Ruszkowski added, “Kasasa recognized the importance of having a versatile loan structure to deliver a flexible and compliant loan product. By integrating CarletonCalcs throughout the Kasasa service platform, Carleton will ensure compliant loan computations and precise amortization schedules through Kasasa’s dashboard and mobile app.
“Our proven track record of providing nationwide support to the lending industry is why Kasasa partnered with Carleton,” Ruszkowski went on to say. “We are excited to be part of the Kasasa team, as we are both committed to providing the highest quality level of innovative consumer lending technology products and service to drive our clients’ success.”