1st Community FCU has participated in credit challenged automobile
lending since September 2002. We currently have $23 million in the
loan program.
George Sweet
Executive Vice President Lending

• By providing financial institutions a way to confidently approve
  borderline loans, lenders now have a powerful way to expand
  their loan portfolios while minimizing exposure.
  Steve Martin
  Former Director Of LP for CUNA Mutual

Open Lending, Inc. Adds Two Industry Veterans to Expand Lending and Insurance Expertise for the Lenders Protection Product

AUSTIN, Texas July 27^th, 2010 Open Lending, Inc., the parent company of Lenders Protection, announced today the addition of two industry veterans to the company:

Steve Martin has been named Vice President of Insurance Services.  Steve is a former Vice President and product manager for CUNA Mutual Group.  While at CUNA Mutual, Steve spent many years as a senior actuarial officer and 20 years as the product manager for some of their major businesses, including Credit Insurance and Employee Benefits.  In 2003, he became product manager for Lenders Protection where he remained in that role until his retirement in 2008.  "Steve has over 35 years of experience in insurance and financial services," said Ross Jessup, CFO of Open Lending.  "It's an honor to have Steve come out of retirement to join our Company.  His expertise and background are invaluable as we take Lenders Protection to the next level in the financial services market."

Jack Jordan has been named Vice President of Lending Services.  Jack recently served as Vice President of Product Development for Teres Solutions, Inc. and as Chief Operating Officer and Vice President of Lending at Velocity Credit Union in Austin, Texas. During his time at Teres Solutions, Jack directed product management, development and quality assurance functions for a loan origination platform used by over 200 financial institutions in the United States.  Jack spearheaded major improvements in products that contributed to substantial revenue and customer growth in the company.  While Chief Operating Officer and Vice President of Lending at Velocity Credit Union, he managed all operational areas of a $500 million financial institution, including an automotive lending subsidiary that generated over $5 million in new revenues in a 3 year period.  "Jack has exceptional and proven leadership abilities that result from strong combinations of communication and professional experience," said John Flynn, CEO of Open Lending.  "We are extremely excited to have Jack join the team.  Jack brings years of experience in financial lending services in addition to operation management skills that will benefit our company significantly."