Algebrik AI, a Delaware-incorporated company headquartered in New York City, pioneering the world’s 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), announced a strategic partnership with Carleton, Inc., a leader in financial calculation and compliance solutions. This collaboration integrates Carleton’s robust payment calculation APIs into Algebrik’s cutting edge LOS platform, setting a new standard for accuracy, compliance, and operational efficiency in consumer lending.
“Partnering with Carleton strengthens our ability to deliver a precise, compliant, and seamless experience for lenders”
Empowering Fluid Lending Experience
Through this partnership, Algebrik AI will leverage the CarletonCalcs® Loan Origination and Compliance APIs to deliver:
- Accurate Loan Calculations: Precise disclosure values, payment calculations, and credit insurance support tailored to diverse lending products.
- Compliance at Scale: Real-time validation of loans against state and federal regulations, a critical feature for indirect and direct consumer lending.
- Expanded Product Support: Seamless handling of loans across credit cards, home equity lines, auto loans, and more.
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Pioneering Innovation in Lending
This partnership reflects Algebrik’s commitment to delivering a cloud-native, AI-powered, digital-era consumer lending platform that seamlessly supports direct and indirect lending. The collaboration ensures compliance across 1,000+ calculation methods, including credit insurance, disability, and GAP coverage, while adapting to lender-specific rules.
Leadership Perspectives
“Partnering with Carleton strengthens our ability to deliver a precise, compliant, and seamless experience for lenders,” said Pankaj Jain, Founder & CEO of Algebrik AI. “With Carleton’s advanced calculation and compliance capabilities embedded in Algebrik AI’s LOS, it is already fulfilling on its mission to deliver a unified lending platform to streamline processes across all stages of loan origination.”
Matt Ruszkowski, President & COO of Carleton, Inc. added, “Our partnership with Algebrik highlights the importance of accurate and compliant payment calculations in today’s financial landscape. Together, we’re empowering lenders with tools to increase efficiency and build trust from borrowers, thereby enhancing the lending journey.”
Algebrik AI and Carleton’s collaboration signals a shared commitment to innovation in financial services. By combining Carleton’s state-of-the-art APIs with Algebrik’s cloud & AI-native architecture, the platform provides lenders with dynamic tools for product configuration, seamless borrower experiences, and automated compliance. This integration is designed to scale efficiently, allowing lenders to introduce new products with minimal effort while ensuring accuracy and compliance at every step of the lending journey.
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