Open Lending Secures Third OEM Captive Finance Company Partnership

Core Insights - Open Lending Corporation has entered into a partnership with a captive finance company of a major automaker to utilize its Lenders Protection™ program, marking the third such partnership with an automotive captive finance company [1][2] - The partnership aims to expand lending to near- and non-prime consumers, leveraging Open Lending's automated decisioning and default insurance coverage [1][2] - The implementation of this partnership is nearing completion, with a targeted rollout scheduled for early 2025 [2] Company Overview - Open Lending specializes in lending enablement and risk analytics solutions for financial institutions, providing loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States [3] - The company has over 20 years of experience in empowering financial institutions to create profitable auto loan portfolios with reduced risk and increased rewards [3]