Open Lending (LPRO) Corporation announced the certification of the one millionth auto loan through its Lenders Protection loan decisioning engine. This achievement underscores the Company’s ongoing efforts to empower financial institutions to grow their portfolios, create access to vehicle ownership, and drive innovation in the automotive lending industry. Launched in 2000, Lenders Protection uses loan analytics, risk-based pricing, automated decisioning technology, and default insurance to enable financial institutions to responsibly offer vehicle financing to applicants in the near- and non-prime credit spectrum. This milestone represents years of successful partnership with credit unions, banks, and captive finance companies.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio