Open Lending was awarded with one of the Best Places to Work by Austin Business Journal for the second year in a row. Companies were ranked amongst three categories relating to employee size. Open Lending fell within the small company category (25-49 employees) and received an award as the fifth best small company.
Austin Business Journal’s yearly competition consists of employee surveys where at least 95 percent of the company’s employees must participate in order to be qualified for ranking. Feedback from employees are measured through the following categories: communication and resources, individual needs, manager effectiveness, personal engagement, team dynamics, and trust in leadership.
Open Lending is proud of its culture that features not only a collaborative and open workspace, but a number of different perks. Those perks include: 401K contributions regardless of employee participation, weekly company-paid lunches, a break room stocked with snacks, and company paid-spa outings and team building activities when goals are met. Also, as an extra added benefit the company distributes monthly commissions to employees, regardless of their department, if goals were met.
“We are elated to have made a significant jump in our ranking. We know that our most significant resource is our people and we truly believe the success of our organization can be attributed to our employees’ dedication, pride, and outstanding work ethic. The commitment and loyalty of our employees facilitates the success of our organization!” said John Flynn, CEO of Open Lending.
About Your Company: Open Lending provides automated lending services to financial institutions. The company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States. Its flagship product, Lenders Protection, is a risk management program featuring default insurance coverage for near/non-prime automobile loans. Lenders Protection allows financial institutions and other automobile lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio.