IMM & Carleton Integrate Technologies to Support TRID Compliance
IMM, a pioneer of integrated eSignature, workflow, and document solutions for the modern business enterprise, and Carleton, a provider of compliant consumer lending calculations and document generation services, have forged a partnership enabling loan documents generated through Carleton’s SmartDocs to be eSigned with IMM’s eSignature solution, TotaleAtlas.
This partnership allows banks and credit unions to deliver convenient, flexible eSignature options for consumers to complete loan documents. The integrated solutions also support the new TILA RESPA Integrated Disclosure (TRID) guidelines from the Consumer Financial Protection Bureau (CFPB), which is currently scheduled to become effective on October 3, 2015.
“By integrating our SmartDocs solution with IMM’s TotaleAtlas, a financial institution’s customers can eSign loan documents either in-person at a branch or remotely from any location or device,” said Pat Ruszkowski, president of Carleton. “We saw an ideal opportunity with IMM to unite our solutions and empower our financial institution customers to improve productivity and the customer experience through transaction automation. Partnering with IMM provides our customers with a proven and compliant eSignature solution.”
Carleton’s SmartDocs support the generation of all the lending documents related to each individual loan product offered by the lending institutions. Carleton supports the lender’s custom documents, the documents provided by all major third party document providers as well as the dynamic generation of disclosure documents based on the attributes for each loan, ensuring lenders meet prescribed TRID requirements. Now, prepared lending documents can be seamlessly delivered to IMM’s TotaleAtlas, creating an expedient eSignature process and further promoting compliance through an enhanced TotaleAtlas signing event audit file and rules-based eSignature management.
“Even with the TRID deadline extension, banks and credit unions are still under enormous pressure to implement the automation necessary to comply,” said John Levy, IMM executive vice president and ESRA (Electronic Signature & Records Association) board member. “Carleton and IMM have two products that complement one another, and it became a natural fit to help more financial institutions leverage eSignatures and automate their processes to meet the quickly approaching requirements and regulations. Now, Carleton’s financial institution customers can fully manage the signing event while providing consumers an intuitive, convenient experience.”
Based in Linden, N.J., IMM develops and delivers innovative technology solutions that enable financial institutions to electronically streamline their business operations and processing environments. With a strong and secure legacy of serving more than 650 banks and credit unions with solutions for eSignature capture, business process (workflow) automation, and document presentment, IMM continues to create advanced software applications that promote clients’ sustainability while dramatically increasing productivity and operational efficiencies. The company is a longtime advocate of eSignature adoption and education, active in ESRA to advance the public’s understanding of issues surrounding the use of electronic signatures and records.
About Carleton, Inc.
Carleton Inc., based in South Bend, IN, is the leading provider of financial lending and leasing calculation software, compliance support, and document generation software. Founded in conjunction with the Truth-In-Lending Act in the late 1960’s, their client list has grown to include many of the major automotive finance companies and lenders, automotive lending software providers, loan origination software providers, and credit insurance companies in the United States.