About Us
CalcWorks powers the behind-the-scenes software that delivers compliant loan payment and insurance premium calculations. We are the #1 provider of these critical calculations to platform system providers serving the credit union and bank markets. Our software is licensed and embedded into loan origination and core servicing systems, enabling seamless, accurate calculations directly within their platforms.
The combination of decades of industry leading experience from the original software developer and provider (TruStage) combined with the technology expertise of CalcWorks, creates a unique and unmatched partnership. With the support of TruStage, CalcWorks is building on this legacy — continuously evolving and adapting our solutions to meet the ever-changing needs of the lending industry for decades to come.
Product Info
The CalcWorks calculation engine delivers accurate, compliant, and reliable interest rate and APR calculations for lending and monthly payment needs.
Key Capabilities:
• Loan Origination – Accurately calculate and forecast payments, interest, and fees for borrowers at the time of origination, ensuring full compliance with disclosure requirements.
• Monthly Processing – Precisely calculate month-end insurance premiums and post them correctly to the borrower’s loan balance.
Designed for Compliance and Flexibility: Originally built to handle complex APR calculations when insurance products like payment protection, credit life/disability, and other plans are included in consumer loans, the CalcWorks engine has evolved into the industry’s premier solution. Today, it supports a wide variety of loan transaction types — with or without insurance products added — and ensures full compliance with Regulation Z.
Integration and Support: We provide detailed programming specifications and the full calculation system software to integrate seamlessly with your platform.
Get in Touch: For questions or to learn more about how CalcWorks can enhance your lending processes, email us at support@calcworks.com.