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Open Lending Announces Early Extension of AmTrust Producer Agreement
Globenewswire· 2025-08-04 20:05
Core Viewpoint - Open Lending Corporation has announced an early extension of its producer agreement with AmTrust North America, extending the partnership through 2033, which reflects the strength and value of their long-standing collaboration [1][2]. Company Overview - Open Lending Corporation specializes in automotive 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 [1][3]. - The company has been empowering financial institutions for over 20 years to create profitable auto loan portfolios with reduced risk and increased rewards [3]. Partnership Details - The agreement with AmTrust, which was originally set to expire in 2028, is significant as AmTrust is Open Lending's largest and longest-standing partner, providing insurance coverage to credit unions [1][2]. - The extension of the agreement is seen as a testament to the value AmTrust places on Open Lending's Lender's Protection™ Program and the overall partnership [2]. Leadership Statements - Barry Zyskind, Chairman and CEO of AmTrust, expressed enthusiasm about the extension, highlighting the innovative and technology-driven nature of Open Lending's business [2]. - Jessica Buss, Chairman and CEO of Open Lending, emphasized the importance of the partnership in securing credit capacity and generating profitable business [2].