Open Lending Launches Awards Program to Honor Vehicle Accessibility Pioneers
05 Outubro 2023 - 9:15AM
Business Wire
Open Lending’s Economic Vehicle Accessibility
Awards to recognize automotive lenders who make vehicle ownership
available to underserved, creditworthy borrowers
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 the launch of the Open Lending Economic Vehicle
Accessibility Awards (EVAAs). The new awards program recognizes
Open Lending partners who are paving the way for equitable vehicle
accessibility by extending loans to deserving, yet often
overlooked, near-prime and non-prime borrowers.
“Vehicle ownership is critical for many Americans’ quality of
life and can impact everything from finances and health to
education and social opportunities,” said Kevin Filan, senior vice
president of marketing at Open Lending. “According to our 2023
Vehicle Accessibility Index, 55% of non-car owners have had to turn
down a better job or promotion due to not owning a vehicle. Through
the Open Lending EVAAs, we want to celebrate our partners who are
transforming the automotive lending industry and positively
impacting society by offering these advantages to individuals who
are frequently excluded by traditional lending practices that just
focus on FICO scores.”
Open Lending’s Lenders Protection™ offering mitigates risk
through automated loan decisioning, advanced risk analysis using
the latest in AI and machine learning modeling that includes
alternative credit data beyond traditional FICO scores. This tool
empowers financial institutions to score, price, structure, and
instantly decision loans while including high-quality loan default
insurance from A-rated carriers.
The Open Lending EVAAs will recognize Lenders Protection™ bank
and credit union partners with the most certifications during the
2023 calendar year. To learn more about the Economic Vehicle
Accessibility Awards and the categories available for eligible
institutions transforming the automotive lending industry, read
Open Lending’s blog here. To sign up to be among the first to
receive Open Lending’s 2024 Vehicle Accessibility Index Report,
click here.
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based
pricing, risk modeling, and default insurance to auto lenders
throughout the United States. For over 20 years we have been
empowering financial institutions to create profitable auto loan
portfolios with less risk and more reward. For more information,
please visit www.openlending.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231005990689/en/
Alison Smith for Open Lending openlending@ink-co.com
Investor Relations Inquiries openlending@icrinc.com
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