Articles from Open Lending

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions recently partnered with Core Specialty Insurance Holdings, Inc. (“Core Specialty”), enabling Core Specialty to begin providing credit default insurance policies for Open Lending’s Lenders Protection™ platform.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, and TransUnion, a trusted global information and insights company, today released a new study on the borrowing habits and credit outlook for Millennials and Gen Zers. Using data from over 4 million U.S. consumers, the report illustrates new-to-credit borrowers’ upward credit trajectory with insights into lending patterns and preferences.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has released its 2024 Vehicle Accessibility Report. This report illustrates how traditional underwriting practices have alienated and excluded many creditworthy near- and non-prime consumers, providing insights to help automotive lenders offer reasonable loan opportunities to borrowers in this underserved but deserving credit segment.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released data on automotive financing access for consumers with an Individual Taxpayer Identification Number (“ITIN”), a federal tax identification number that can be used to access financial services. Nonresident and resident aliens, regardless of immigration status, are issued ITINs for the purposes of filing taxes with the IRS. Supported by findings from the Filene Research Institute, Open Lending’s data analysis highlights how Lending Enablement Solutions break down barriers for ITIN holders while bringing value to financial institutions.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced a partnership with innovative insurance pricing solution provider Akur8 to complement its proprietary Lenders Protection™ platform. Akur8’s ability to produce fast and accurate predictive insurance pricing models will build upon Open Lending’s existing risk model, which can analyze 2 million borrower risk profiles and deliver a decision within five seconds or less. Open Lending customers will be empowered to respond more quickly to increasingly dynamic market conditions and safely expand their automotive lending portfolios with competitive pricing and higher-yield opportunities.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released its first Near- and Non-Prime Consumer Update, a quarterly proprietary data report on automotive lending trends in the near- and non-prime credit segments.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ scorecard. The awards program recognizes companies making the most valuable and innovative contributions to credit union success, including groundbreaking advancements in technology and software.

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced Chief Revenue Officer Matt Roe will give a presentation entitled Less Risk, More Reward: The Untapped Opportunity for Auto Lenders at the CU Leadership Convention in Las Vegas. The presentation will take place Thursday, July 27, at 10:15 a.m. PT.