Open Lending Named Finalist for 2023 CU Times LUMINARIES Awards
18 Outubro 2023 - 9:15AM
Business Wire
Open Lending is acknowledged for using advanced
risk analysis and alternative credit data to enhance vehicle
accessibility for underserved near- and non-prime 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 its nomination as a finalist for the 2023 Credit Union
Times LUMINARIES awards in the Product Innovation category.
“We are proud of the dedicated partnerships we’ve developed with
credit unions throughout the country to enhance vehicle
accessibility, particularly among deserving, yet often overlooked,
near- and non-prime consumers,” said Keith Jezek, Chief Executive
Officer, at Open Lending.
“Open Lending has written and insured over $20.2 billion in auto
loans since our founding and we are nearing the certification of
insurance on our one millionth auto loan in the coming year,” added
Kevin Filan, Senior Vice President of Marketing at Open Lending.
“As we approach this milestone, we are mindful of the nearly one
million stories that each of these auto loans and car ownership
represents. The fulfillment of the dream of owning a car, the
ability to take a better job, the improved quality of life that
comes with personal mobility - all made possible with the hundreds
of committed credit union partnerships Open Lending has cultivated.
Our Lenders Protection™ product has made it possible for credit
unions to automate the decisioning process to include scoring,
structuring and pricing auto loans coupled with default insurance.
The near- or non-prime applicant of today often represents the
prime member of tomorrow when we can work together to ensure that
that member has a loan he or she can afford, and the credit union
has a solution that works for its institution.”
The LUMINARIES program highlights individuals and organizations
in the credit union industry who are achieving meaningful change by
improving the lives of members, and the Product Innovation category
acknowledges service and technology organizations of all sizes
around the United States.
The winners will be announced at a ceremony on November 9, 2023,
in Orlando, Florida, after the finalists have been reviewed by a
diverse panel of judges across the credit union industry.
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/20231018836142/en/
Alison Smith for Open Lending openlending@ink-co.com
Investor Relations Inquiries openlending@icrinc.com
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