After a year of volatility, market factors are starting to normalize. Jobs are growing, GDP is strong, and interest rates are holding (for now). But many Americans — particularly those in the near- and non-prime credit segment — still face unaffordable car prices and rates in their pursuit of vehicle ownership. To better understand these [&hellip
Owning a vehicle opens many doors and is often the first step in building good credit. Vehicle ownership also creates onramps for a better quality of life. Open Lending’s 2023 Vehicle Accessibility Report found that 64% of non-car owners felt their earning potential would increase if they had access to a vehicle, and more than […]
How do AI and data analytics increase lender competitiveness? What opportunities are available to serve near- and non-prime borrowers? In Open Lending’s Lending Enablement Benchmark Study, we answer these questions and more.
After a weeks-long implementation, Open Lending Lenders Protection™ helps Sound Credit Union generate better yield by approving more near-prime loan applications without unnecessary risk or friction.
Lending Enablement Solutions Unlock Automotive Lending for ITIN Holders
Executive Lender Roundtable 2023
Adapting Market and Economic Shift in 2024: Considerations for an Effective Risk Management Strategy
The Most Pressing Topics at Open Lending’s 2023 Executive Lending Roundtable
Rising Rejection Rates Cost Lenders and Borrowers
Five Questions to Ask When Choosing an Auto Lending Enablement Solution