Jul 20, 2023
Lending enablement expert to give talk on $270 billion opportunity for credit unions.
AUSTIN, Texas–(BUSINESS WIRE)–Jul. 20, 2023– Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced Chief Revenue Officer Matt Roe will give a presentation entitled Less Risk, More Reward: The Untapped Opportunity for Auto Lenders at the CU Leadership Convention in Las Vegas. The presentation will take place Thursday, July 27, at 10:15 a.m. PT.
Roe’s presentation will focus on the opportunity for credit unions to offer auto loans to underserved near-prime and non-prime borrowers, a market sector estimated at $270 billion annually. Amid increased liquidity constraints, heightened regulations, and shrinking profit margins, Roe will provide actionable insights for credit union leaders to securely expand their borrower base and drive ROA attainment using advanced risk analytics and pricing tools. Additionally, the session will feature new data from Open Lending’s recently released Loans Within Reach: Lending Enablement Benchmark 2023, including tactics to improve auto loan decisioning while mitigating risk.
Following the presentation, Roe will participate in the marketing and branding summit Tech Demo: 4 Solutions Providers Unveil their Newest Innovations. Joined by representatives from Interface.ai, Digital Onboarding and Abrigo, Roe will reveal how credit unions can earn up to 3-5 times higher ROA on near-prime and non-prime auto loan opportunities compared to prime loans. The summit will be held Thursday, July 27, 11:45 a.m. PT.
Register here to attend the CU Leadership Convention.
To learn more about Open Lending, visit booth 410 at the CU Leadership Convention or visit www.openlending.com.
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For over 20 years we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com.
Alison Smith for Open Lending
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