Automotive Lenders Are Overlooking the Value of Alternative Data and Instant Decisioning, Open Lending Research Finds
Open Lending Corporation - Class A (LPRO)
Company Research
Source: Business Wire
Three in five automotive lenders are seeing rising delinquencies as prime-focused lending standards prevail AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released its second annual Lending Enablement Benchmark Report. Report findings reveal that traditional methods of assessing borrower creditworthiness are exposing automotive lenders to risk and volatility as delinquencies rise.Open Lending surveyed senior leaders across banks, credit unions, insurance companies, and more to understand how macroeconomic factors shape automotive lending challenges and identify opportunities for success through lending enablement solutions (“LES”). Despite more financial institutions using LES, many lenders still rely primarily on traditional credit scores to measure creditworthiness. This report reveals why quick, compre
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LPRO
News
- Open Lending Corp. (LPRO) Tumbles on Consumer Sentiments [Yahoo! Finance]Yahoo! Finance
- Open Lending Co. (NASDAQ: LPRO) is now covered by analysts at BTIG Research. They set a "neutral" rating on the stock.MarketBeat
- Open Lending Announces Dan Berger, Former President and CEO of NAFCU, as a Strategic Advisor [Yahoo! Finance]Yahoo! Finance
- Open Lending Announces Dan Berger, Former President and CEO of NAFCU, as a Strategic AdvisorBusiness Wire
- Automotive Lenders Are Overlooking the Value of Alternative Data and Instant Decisioning, Open Lending Research Finds [Yahoo! Finance]Yahoo! Finance
LPRO
Earnings
- 5/7/24 - Miss
LPRO
Sec Filings
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- LPRO's page on the SEC website