901 S. Mopac Expy, Bldg. 1 Ste. 510

Austin, Texas 78746

support@openlending.com

(512) 892.0400

Earn higher yields with the assets you have

Significantly increase your vehicle lending volumes

Be up and running in weeks, not months

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. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.

Earn more money with the assets you have

  • Take advantage of the existing application flows already being processed.

  • Improve the profitability of your lending operations.

  • Increase return on assets and profitability.

Significantly increase your vehicle lending volumes

  • Provide more auto loans outside your normal prime lending guidelines.

  • Approve loan applications being declined today AND book more approved and conditioned loans.

Pre-packaged third-party auto loan default insurance

  • High-quality default protection insurance that allows you to manage and share risk effectively.

  • Mitigate risk while still offering attractive rates.

Be up and running in weeks, not months.

  • No costs to implement (no implementation fees, set up costs).

  • Fast and easy to implement in 30 days or less.

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

  • Improved underwriting rules that identify qualified applicants in the near-prime and non-prime risk categories.

  • An enhanced underwriting and pricing engine allows the lender to approve and price individual loans to fit the portfolio design and profitability targets.

Better service for borrowers

  • Reduce down payment requirements that sometimes cause borrowers to secure financing through the dealer.

Value-added benefits

  • Improve auto dealer loan volumes and stronger relationships.

  • Expand sales of auto loan related products (GAP waiver, warranty, insurance).