Fortegra Partners with Carleton to Streamline Credit Insurance Product Calculations

Fortegra can easily and accurately calculate loan payments for the company’s credit protection products through a seamless lending platform interface with CarletonCalcs.

(Image source: Carleton homepage.)

Fortegra Financial Corporation (Jacksonville, Fla.), an international specialty insurer and subsidiary of Tiptree Inc. (New York), has announced a new partnership with Carleton Inc., a South Bend, Ind.-based provider of financial calculation software. The partnership will allow Fortegra clients to easily and accurately calculate loan payments for the company’s credit protection products via a seamless lending platform interface with CarletonCalcs, according to a Fortegra statement.

“Automation is becoming a must-have rather than a nice-to-have in our industry,” comments Mike Ferris, Fortegra Senior VP, Credit Protection. “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 faster and more efficient, once again helping Fortegra clients Experience More.”

Matt Ruszkowski, President, Carleton.

Credit insurance calculations remain a burden for lending platforms, inhibiting product promotion for many lenders, Fortegra’s statement on the partnership notes. With more than 150 integrated partnerships, the CarletonCalcs application programming interface has eliminated the calculation burden that lending platforms encounter by providing a proven solution designed for easy integration as a central software feature, the statement says

Ease and Satisfaction

Through this integrated delivery, Fortegra says its dealers and lenders will be able to quickly calculate interest, fees, taxes, insurance rates, and data compliant with business decisions and governmental regulations.

“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,” comments Matt Ruszkowski, President, Carleton. “As the insurance industry continues to adapt to an ever-changing technical landscape and provide automation for its customers, Fortegra is taking important steps to remain an industry leader with their customers’ ease and satisfaction as the keys to that continued success.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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