AUSTIN, TEXAS – Open Lending has been selected for the 2019 Best Businesses of Austin Award in the Technology and Data category by the Best Businesses of Austin Award Program. This is the second time that Open Lending has won in this category.
“We are honored to be granted this award for our efforts in creating and providing world class
lending technology across the U.S.,” said Ryan Collins, CIO and CTO of Open Lending.
Open Lending was originally established in 2001 as a data decisioning company. In the past
seven years, the company has grown consistently, being named one of the fastest growing
companies in central Texas for the past 7 years and is focused on continued expansion in the
ABOUT THE BEST BUSINESSES OF AUSTIN AWARD PROGRAM
The Best Businesses of Austin Award Program is an annual awards program honoring the
achievements and accomplishments of local businesses throughout the Austin area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Best Businesses of Austin Award Program was established to recognize the best of local
businesses in our community. The organization works exclusively with local business owners,
trade groups, professional associations and other business advertising and marketing group.
Various sources of information were gathered and analyzed to choose the winners in each
category. The 2019 Best Businesses of Austin Award Program focuses on quality, not quantity.
Winners are determined based on the information gathered both internally by the Best
Businesses of Austin Award Program and data provided by third parties.
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