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Open Lending Corporation (LPRO) to host a conference call to discuss Q4 and full year 2023 financial results on February 27, 2024. Webcast and dial-in details provided.
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Open Lending Corporation (NASDAQ: LPRO) has launched a partner integration with Automatic, a platform that connects automotive lenders with independent, used vehicle dealerships. This collaboration aims to bring added efficiency and flexibility to Lenders Protection™ customers via a user-friendly platform. The partnership will help Lenders Protection™ users to grow their indirect lending relationships by delivering instant, accurate decisions to dealers within a single platform.
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Open Lending Corporation (NASDAQ: LPRO) has partnered with CreditSnap to offer seamless pre-qualification and firm loan underwriting capabilities, providing a more seamless lending process for financial institutions and OEM captive finance companies. The integration allows Lenders Protection customers to access pre-qualification and firm loan underwriting capabilities, as well as an exchange for targeted marketing and other lead-driven sources.
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Open Lending Corporation (NASDAQ: LPRO) has completed a study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers, with 69% planning to pay off their loans early and one-quarter of 2023 used car buyers spending more than $600 on their monthly car payment. The findings highlight opportunities for lenders to engage creditworthy near- and non-prime consumers, with the full report set to be released in February. The report builds on Open Lending’s 2023 Vehicle Accessibility Index and delves deeper into the near- and non-prime segment, surveying 1,042 U.S.-based consumers. Initial findings show proactive debt management among near- and non-prime consumers.
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Open Lending Corporation (LPRO) published its inaugural Environmental, Social, and Governance Report, showcasing its commitment to making transportation more affordable and accessible. The report highlights the company's focus on financial access, business ethics, data privacy, diversity, equity, and human capital management. Open Lending's dedication to uplifting communities, fostering responsible business practices, and elevating its employees is evident in the report.
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Open Lending Corporation (NASDAQ: LPRO) released its first Near- and Non-Prime Consumer Update, a quarterly proprietary data report on automotive lending trends in the near- and non-prime credit segments. The report provides insights into how macroeconomic and automotive market trends affect vehicle accessibility for consumers with credit scores below 699. Key findings include a decrease in automotive financing access for near- and non-prime consumers, the impact of interest rate increases, and the preference for Chevrolet and Ford among this consumer segment.
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Open Lending Corporation (NASDAQ: LPRO) has been recognized with the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ program. The program aims to expand auto lending inclusivity and improve loan decisioning accuracy, enabling financial institutions to make more accurate risk assessments and offer competitive pricing backed by default insurance. Open Lending has facilitated over 900,000 automotive loans valued at over $21 billion since 2000, leveraging proprietary and third-party data to assess borrower risk and provide attainable loans to deserving borrowers often overlooked by traditional credit score models.
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Open Lending Corporation (Nasdaq: LPRO) Announces Participation in Investor Conferences, Including Stephens Annual Investment Conference and Raymond James 2023 TMT & Consumer Conference. The Company will engage in fireside chat discussions, webcast live, and accessible via the investor relations website.
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Open Lending Corporation (NASDAQ: LPRO) has joined the Credit Union National Association (CUNA) as an Associate Business Member to advocate for credit unions and their members. The company aims to provide strategic advisory on serving the near- and non-prime credit segments, offering competitive loan terms to qualified borrowers through their Lenders Protection™ solution. Open Lending will also participate in CUNA events, such as the CUNA Lending Council Conference in November.
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Open Lending Corporation (Nasdaq: LPRO) Reports Q3 2023 Financial Results, CEO Keith Jezek Optimistic about Future Growth
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Open Lending Corporation
Nasdaq:LPRO
LPRO Rankings
LPRO Stock Data
608.86M
89.94M
5.73%
80.02%
2.36%
All Other Nondepository Credit Intermediation
Finance and Insurance
United States of America
AUSTIN
About LPRO
open lending provides automated lending services to financial institutions. the company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the united states. the company was founded in austin, tx in 2000 and is privately owned. open lending had been recognised as one of austin's fast 50 growing companies for the past 4 years and has been voted to one of austin's best places to work for the last two years. its flagship product, the lenders protection program is a unique auto lending program for direct and/or indirect loans that provides a powerful and safe way for lenders to increase near and non-prime auto loan volumes and yields without adding risk to their loan portfolio. lenders protection combines sophisticated risk-based pricing models, configured to each lender’s individual cost factors and financial targets, with reliable loan default insurance provided by amtrust financial services, an “a” rated t