Open Lending Corp Logo

Open Lending Corp

AI-powered risk analytics and insured lending for the near/non-prime auto finance industry.

LPRO | NDAQ

Overview

Corporate Details

ISIN(s):
US68373J1043
LEI:
Country:
United States of America
Address:
1501 S. MOPAC EXPRESSWAY, 78746 AUSTIN
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

Open Lending Corp. is a financial technology provider offering an automated lending platform and risk analytics solutions to the automotive finance industry. The company's core product, Lenders Protection™, enables financial institutions—including credit unions, banks, and captive finance companies—to safely increase their origination of near- and non-prime auto loans. The platform utilizes AI and over two decades of proprietary data to provide sophisticated loan analytics, risk-based pricing, and automated decisioning in seconds. A key component of the service is integrated default insurance from highly-rated carriers, which mitigates risk for lenders and allows them to expand their portfolios and serve a wider range of borrowers.

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