Lenders Protection is a risk management program featuring default insurance coverage for near-prime and non-prime auto loans.

The Lenders Protection program is a unique auto lending enablement platform that allows financial institutions and other auto lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.

Earn higher yields with the assets you have

Take advantage of the existing application flows already being processed and increase return on assets and profitability.

Significantly increase your vehicle lending volumes

Provide more auto loans outside your normal prime lending guidelines and book more approved and conditioned loans.

Be up and running in weeks, not months

Lenders Protection is fast and easy to implement in 45 days or less, with no implementation fees or set-up costs.

Sophisticated analytics, customizable for your lending institution

As the lender, you control all credit decisions. Configure your own specific costs and desired ROA.

Fair lending compliant

The Lenders Protection program offers improved underwriting rules that identify qualified applicants in the near-prime and non-prime risk categories. It also includes an enhanced underwriting and pricing engine that allows the lender to approve and price individual loans to fit the portfolio design and profitability targets. 

Pre-packaged third-party auto loan default insurance offered by two "A" rated carriers

High-quality default protection insurance allows you to mitigate, manage, and share risk effectively while still offering attractive rates.

Better service for borrowers

Reduce down payment requirements to help borrowers avoid expensive “buy here, pay here” dealers.

Value-added benefits

Improve auto dealer loan volumes and stronger relationships while expanding sales of auto loan related products (GAP waiver, warranty, insurance).

1501 S. Mopac Expy., Suite 450

Austin, Texas 78746

support@openlending.com

512.892.0400