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Open Lending Corporation  (LPRO)
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Price: $7.9500 $-0.16 -1.973%
Day's High: $8.14 Week Perf: 0.00
Day's Low: $ 7.91 30 Day Perf: 4.47 %
Volume (M): 372 52 Wk High: $ 11.99
Volume (M$): $ 2,958 52 Wk Avg: $8.02
Open: $8.03 52 Wk Low: $4.89



 Market Capitalization (Millions $) 964
 Shares Outstanding (Millions) 121
 Employees 200
 Revenues (TTM) (Millions $) 96
 Net Income (TTM) (Millions $) 23
 Cash Flow (TTM) (Millions $) 33
 Capital Exp. (TTM) (Millions $) 2

Open Lending Corporation
Open Lending Corporation is a financial technology company that specializes in providing loan analytics, risk modeling, and lending automation platforms to financial institutions. The company was founded in 2000 and is based in Austin, Texas.

Open Lending's flagship platform is Lenders Protection, which is designed to enhance the credit portfolio of financial institutions by reducing risk exposure and improving the credit decisioning process. Lenders Protection enables financial institutions to approve and fund loans for borrowers who do not meet traditional underwriting standards, while still maintaining an acceptable level of risk.

The platform consists of several modules, including:

1. Loan analytics e This module provides insight into loan performance, risk, and profitability. It helps financial institutions identify trends and areas of concern, and optimize loan pricing and underwriting guidelines.

2. Risk modeling e This module is based on machine learning and statistical modeling techniques, and is used to predict borrower behavior and potential losses. Financial institutions can use this information to make more informed lending decisions.

3. Lending automation e This module streamlines the loan origination process, reducing costs and time-to-fund. It integrates with the financial institution's existing systems and can be used for various loan types, including auto, personal, and small business loans.

Open Lending works with a wide range of financial institutions, including banks, credit unions, and other lenders. The company has over 800 customer relationships and has facilitated the funding of over 5 million loans since its founding.

In addition to Lenders Protection, Open Lending offers other products and services, including training and support, compliance services, and custom analytics. The company is committed to delivering innovative solutions that help financial institutions grow their loan portfolios, while also managing risk and complying with regulatory requirements.


   Company Address: 1501 S. MoPac Expressway Austin 78746 TX
   Company Phone Number: 892-0400   Stock Exchange / Ticker: NASDAQ LPRO
   


   

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Product Service News

Increasing Access to Auto Ownership for ITIN Holders: Open Lending's Innovative Solutions

Published Thu, Feb 22 2024 10:30 PM UTC

Open Lending Corporation (NASDAQ: LPRO) is a pioneering company in automotive lending enablement and risk analytics solutions for financial institutions. The company's recent data release showcases how their offerings are creating new avenues for individuals with Individual Taxpayer Identification Numbers (ITIN) to access automotive financing and ultimately achieve auto owne...

Product Service News

Open Lending Corporation Collaborates with Akur8 to Strengthen Predictive Lending Model and Drive Revenue Growth

Published Tue, Feb 20 2024 1:15 PM UTC

Open Lending Corporation, a pioneer in automotive lending enablement and risk analytics solutions for financial institutions, has recently entered into a partnership with Akur8, an innovative insurance pricing solution provider. This collaboration aims to enhance Open Lending's proprietary Lenders Protection platform by incorporating Akur8's fast and accurate predictive insu...

Product Service News

Open Lending and Automatic Combine Forces to Revolutionize Indirect Lending Opportunities in the Automotive Industry

Published Mon, Jan 29 2024 1:15 PM UTC

Open Lending Corporation (NASDAQ: LPRO) has recently announced its partnership with Automatic, a platform that connects automotive lenders with independent, used vehicle dealerships. This collaboration aims to expand indirect lending opportunities for Lenders Protection users, by providing them with instant and accurate decisions. Open Lending, known for its expertise in aut...

Product Service News

Advancing Automotive Lending: Open Lending Partners with CreditSnap

Published Thu, Jan 25 2024 10:30 PM UTC

Open Lending Corporation, an esteemed trailblazer in the automotive lending sector, recently entered a strategic partnership with CreditSnap with the prime of assisting lenders in making informed decisions and effectively meeting refinance needs. This partnership is set to revolutionize the lending landscape, delivering state-of-the-art risk analytic solutions for financial...

Product Service News

Headlines:1. Open Lending Corporation Sheds Light on Car Ownership Among Lower-Credit Consumers Despite Revenue Downturn2. Lower-Credit Consumers' Approach to Car Ownership: An In-depth Study by Open Lending Corporation Amid 21.98% Revenue Slump3.?Open Lending Corporation?s Revenue Drops, But Push for Understanding Lower-Credit Consumers Continues Undeterred?

Published Tue, Jan 23 2024 1:15 PM UTC

Open Lending Corporation, a trailblazer in automotive lending enablement and risk analytics solutions, recently concluded a comprehensive study focusing on vehicle accessibility and automotive financing perceptions. The comprehensive research aimed to reveal the mindset of near-prime and non-prime consumers as they navigate the automotive world. This study presents both uniq...






 

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