Open Lending is an Austin-based company that leverages big data to help lenders, credit unions, banks, captives, and automotive retailers manage risk and increase their return on auto lending portfolios. With over 20 years of proprietary data and fully automated decisioning, Open Lending offers solutions that allow institutions to expand loan offerings, earn higher yields, and avoid volatility in the market.
Their Lenders Protection program provides customizable and sophisticated analytics, risk-based pricing models, and default protection insurance from AM Best A-rated insurers. Open Lending's technology integrates seamlessly with existing systems and processes, allowing institutions to serve a wider range of borrowers, increase financial inclusion, and make transportation more affordable for individuals. With a focus on efficiency, profitability, and meeting custom requirements, Open Lending is transforming the auto lending industry and helping institutions strike a better balance between risk and reward.
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