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Open Lending expands lending opportunities for institutions and vendors
by leveraging professional relationships with an automated infrastructure.
Through ‘The Open Lending Platform’ Open Lending provides an
integrated three-tier solution affecting lending an institution does do,
could do, and can’t do.
- First, Open
Lending automates loan decisioning for financial institutions and vendors
simplifying the lending process.
- Next, Open
Lending integrates a credit indemnity program to safely allow institutions
to extend loans they currently cannot.
- Finally,
Open Lending provides a back-end marketplace of alternate lenders who
create revenue for institutions and satisfaction for borrowers by either
providing lending products an institution does not have, or fulfilling
loans which do not meet an institution’s lending guidelines.
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