OPEN LENDING CORP (LPRO)

Company Profile

Open Lending Corp. provides lending enablement and risk analytics to credit unions, regional banks and the captive finance companies of original equipment manufacturers (OEM Captives). The company is headquartered in Austin, Texas and currently employs 210 full-time employees. The company went IPO on 2018-03-02. The firm provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. The company targets the financing needs of near-prime and non-prime borrowers, or borrowers with a credit bureau score generally between 560 and 699. Lenders Protection platform (LPP), the Company's flagship product, is a cloud-based automotive lending platform. LPP supports the full transaction lifecycle, including credit application, underwriting, real-time insurance approval, settlement, servicing, invoicing of insurance premiums and fees and advanced data analytics of the automotive lender's portfolio under the program. Its risk models project loan performance, including expected losses and prepayments, in arriving at the optimal rate. The company serves around 454 active lenders.

Company Info

OPEN LENDING CORP

1501 S. Mopac Expressway, Suite #450

Austin TEXAS 78746

P: 15128920400

CEO: John J. Flynn

Employees: 210

Website: https://www.openlending.com/