SALT LAKE CITY -

Integrated Lending Technologies (ILT) recently announced that it has completed the development integrating CarletonCalcs from Carleton.

Finance companies and lenders using ILT’s Allegro Lending Suite now will have access to the CarletonCalcs loan, lease and compliance modules, providing computational accuracy and compliance with all relevant governmental regulations.

The companies said in a news release that the CarletonCalcs software will enable Allegro’s users to offer a wide variety of creative contract structures to their customers and to their dealer and merchant partners.

All Allegro clients, regardless of size, will be able to offer leasing, delayed payment starts, payment holidays, varied payment frequencies, annual payments and more with confidence in the accuracy of the calculations and required disclosures.

“In today’s high-speed digital lending environments, it is a significant burden to ensure your loan and lease disclosures are accurate and compliant especially when it comes to offering non-conventional, yet in-demand features for your lenders and their borrowers,” said Matt Ruszkowski, president and chief operating officer of Carleton.

“Carleton’s partnership with ILT is a natural fit and we are excited to be able to provide our computational-compliance software and expert support to ILT through the Allegro Lending suite,” Ruszkowski continued.

Integrated Lending Technologies chief operating officer Will McGregor added, “We’re very happy to have this integration finished to keep Allegro current with the very latest and best technologies available.

“This addition will significantly increase the versatility and value of our product. Carleton is a great partner, and it’s been a pleasure working with them over the last several months to bring this project over the finish line,” McGregor went on to say.