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 180 full-time employees. The company went IPO on 2018-03-02. The company provides lending enablement and risk analytics to credit unions, regional banks, finance companies and the captive finance companies of automakers. The company also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on automotive loans. Its flagship product, Lenders Protection Platform (LPP), is a cloud-based automotive lending platform. LPP supports loans made to near prime and non-prime borrowers and is designed to underwrite default insurance by linking automotive lenders to insurance companies. The platform uses risk-based pricing models that enable automotive lenders to assess the credit risk of a potential borrower using data-driven analysis. LPP risk models use a score in assessing and pricing risk on automotive loan applications. The company serves over 438 lenders.

Company Info

OPEN LENDING CORP

1501 S. Mopac Expressway, Suite #450

Austin TEXAS 78746

P: 15128920400

CEO: John J. Flynn

Employees: 180

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