Open Lending announces the promotions of Matt Roe to Chief Revenue Officer and Tom Rice to Senior Vice President of Sales in the western region.
AUSTIN, TEXAS OCTOBER 07, 2019
Open Lending, leading provider of loan analytics, risk-based pricing, risk modeling and automated decision technology for credit unions and other lenders, is pleased to announce the promotion of two of our sales executives, Matt Roe and Tom Rice.
Roe was promoted to Chief Revenue Officer. He has been with Open Lending for 12 years, most recently as Senior Vice President of Sales. In his new role, Roe will oversee sales, account management and marketing to ensure alignment across all departments.
Roe works cross-functionally with marketing, implementation, operations, finance, and IT systems within the organization to collaborate with sales leaders and meet target growth. His extensive experience as both a national account manager and marketing manager within the company provides him with the skills and leadership abilities to succeed in his new role.
Rice, a consistent leader on the Open Lending sales team since 2013, will assume the Senior Vice President of Sales position and lead the sales team in the western region. He previously served as Regional Vice President, in which he provided business development and strategy support for clients and prospects.
Prior to joining Open Lending, Rice worked for CUNA Mutual Group for more than 15 years in various capacities and as regional vice president and marketing manager for Bankamerica Housing Service.
“Matt and Tom are both excellent leaders and human beings,” Open Lending CEO John Flynn said. “I’m very proud of the entire team we’re building here, and these two exemplify the excellence for which Open Lending strives.”
Open Lending’s flag ship product is Lenders Protection, which provides default insurance so lenders can feel greater confidence and security – for the institution, its consumers and its regulators – in making loans to members with lower credit scores. Lenders Protection allows credit unions to reach more members with the goal of helping them rehabilitate their credit while generating higher yields on loans and lifelong loyalty from the consumers they help.
ABOUT OPEN LENDING, LLC Open Lending, LLC works exclusively with automotive lenders by providing loan analytics, risk-based pricing, risk modeling and automated decision technology. Based in Austin, Texas, the company serves more than 400 financial institutions nationwide. Through its proprietary technology, the Lenders Protection Program, financial institutions leverage powerful tools and customized analytics to underwrite direct and indirect loan approval decisions in seconds. Lenders are empowered to increase near and non-prime automotive loan volumes and yields with the protection of A-rated insurance carriers, preventing additional risk to their loan portfolio. Founded in 2000, Lenders Protection, LLC, is a wholly owned subsidiary of Open Lending, LLC.