near-prime Archives - Open Lending

Featured

<img width="844" height="620" src="https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP.png 844w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP-300x220.png 300w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP-768x564.png 768w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP-550x404.png 550w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP-398x292.png 398w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-NPNP-548x403.png 548w" sizes="(max-width: 844px) 100vw, 844px" />

Apr 11, 2024

Near- and Non-Prime Consumer Update

Near- and non-prime consumers are at risk of being priced out of the automotive market entirely. Tra

Read More

<img width="940" height="788" src="https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union.png 940w, https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union-300x251.png 300w, https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union-768x644.png 768w, https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union-550x461.png 550w, https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union-394x330.png 394w, https://www.openlending.com/wp-content/uploads/2023/05/OL-case-study-Sound-Credit-Union-548x459.png 548w" sizes="(max-width: 940px) 100vw, 940px" />

Apr 25, 2023

Sound Credit Union Uses Open Lending to Expand Loan Availability to Underserved Near-Prime Borrowers

After a weeks-long implementation, Open Lending Lenders Protection™ helps Sound Credit Union gener

Read More

<img width="844" height="620" src="https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1.png 844w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1-300x220.png 300w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1-768x564.png 768w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1-550x404.png 550w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1-398x292.png 398w, https://www.openlending.com/wp-content/uploads/2024/05/OpenLending_Reports_2024-LEB-Report-1-548x403.png 548w" sizes="(max-width: 844px) 100vw, 844px" />

May 23, 2024

2024 Lending Enablement Benchmark Report Underscores Growing Importance of Alternative Data

Open Lending's second annual Lending Enablement Benchmark report explores auto loan delinquency tren

Read More

<img width="756" height="994" src="https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM.png 756w, https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM-228x300.png 228w, https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM-418x550.png 418w, https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM-251x330.png 251w, https://www.openlending.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-at-6.39.44 AM-417x548.png 417w" sizes="(max-width: 756px) 100vw, 756px" />

Mar 25, 2024

Three Key Stats That Show the Long-Term Value of Millennial and Gen Z Borrowers

Millennials, born between 1980 and 1994, and Gen Zers, born between 1995 and 2010, are more than twi

Read More

<img width="2560" height="1707" src="https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-scaled.jpg 2560w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-300x200.jpg 300w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-1024x683.jpg 1024w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-768x512.jpg 768w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-1536x1024.jpg 1536w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-2048x1365.jpg 2048w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-550x367.jpg 550w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-398x265.jpg 398w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-548x365.jpg 548w, https://www.openlending.com/wp-content/uploads/2024/02/pexels-antoni-shkraba-7144174-600x400.jpg 600w" sizes="(max-width: 2560px) 100vw, 2560px" />

Feb 28, 2024

Three Takeaways From Open Lending’s 2024 Vehicle Accessibility Report

After a year of volatility, market factors are starting to normalize. Jobs are growing, GDP is stron

Read More

<img width="940" height="788" src="https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1.jpg 940w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1-300x251.jpg 300w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1-768x644.jpg 768w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1-550x461.jpg 550w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1-394x330.jpg 394w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_FUD-Report_1450x1058_v1-548x459.jpg 548w" sizes="(max-width: 940px) 100vw, 940px" />

May 11, 2023

Loans Within Reach: Lending Enablement Benchmark Study

How do AI and data analytics increase lender competitiveness? What opportunities are available to se

Read More

<img width="1450" height="1058" src="https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog.jpg 1450w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-300x219.jpg 300w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-1024x747.jpg 1024w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-768x560.jpg 768w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-550x401.jpg 550w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-398x290.jpg 398w, https://www.openlending.com/wp-content/uploads/2023/05/OL_Insights_Easier-Better_Blog-548x400.jpg 548w" sizes="(max-width: 1450px) 100vw, 1450px" />

May 5, 2023

3 Takeaways from Sound Credit Union Case Study

In 2019, Sound Credit Union, based in Tacoma, Washington, was searching for an auto lending solution

Read More

Apr 20, 2023

3 Initial Findings From Our Recent Lending Enablement Benchmark Survey

In an unpredictable market, financial institutions are under pressure to minimize risk while improvi

Read More

- Research Report
- Insights
2024 Lending Enablement Benchmark Report Underscores Growing Importance of Alternative Data

May 23, 2024
Three Key Stats That Show the Long-Term Value of Millennial and Gen Z Borrowers

Mar 25, 2024
- Non-Prime Lending
- Insights
Three Takeaways From Open Lending’s 2024 Vehicle Accessibility Report

Feb 28, 2024
- Research Report
- Insights
Loans Within Reach: Lending Enablement Benchmark Study

May 11, 2023
- Insights
3 Takeaways from Sound Credit Union Case Study

May 5, 2023
- Research Report
Near- and Non-Prime Consumer Update

Apr 11, 2024
- Case Studies
Sound Credit Union Uses Open Lending to Expand Loan Availability to Underserved Near-Prime Borrowers

Apr 25, 2023
- Press Release
Open Lending Partners with Securian Financial Group

Jul 10, 2024
- Press Release
Automotive Lenders Are Overlooking the Value of Alternative Data and Instant Decisioning, Open Lending Research Finds

May 23, 2024
- Press Release
Near- and Non-Prime Consumers At Risk of Being Priced Out of the Vehicle Market, Open Lending Research Finds

Apr 11, 2024
Thin-File Millennial and Gen Z Borrowers Lead in Credit Tier Advancement, Open Lending and TransUnion Research Finds

Mar 25, 2024
- Research Report
Financing the Future: Millennial and Gen Z Consumer Borrowing Habits and Credit Outlook Brief

Mar 25, 2024
- Research Report
Financing the Future: Millennial and Gen Z Consumer Borrowing Habits and Credit Outlook

Mar 25, 2024
- News
Announcing the 2023 Economic Vehicle Accessibility Award Winners

Mar 5, 2024
- Press Release
- News
Open Lending Reveals Winners of the Inaugural Economic Vehicle Accessibility Awards

Mar 5, 2024
- Research Report
2024 Vehicle Accessibility Report

Feb 28, 2024
- Research Report
2024 Vehicle Accessibility Report Brief

Feb 28, 2024
- Press Release
- News
Open Lending Releases 2024 Vehicle Accessibility Report to Provide Insights on the Near- and Non-Prime Credit Segment

Feb 28, 2024
- Press Release
- News
Lending Enablement Solutions Create a Path to Auto Ownership for ITIN Holders, Open Lending Analysis Shows

Feb 22, 2024
- Insights
Lending Enablement Solutions Unlock Automotive Lending for ITIN Holders

Feb 22, 2024
- Press Release
- News
Open Lending Partners with Akur8 to Enhance Predictive Lending Model

Feb 20, 2024
- Press Release
- News
Open Lending Partners with Automatic to Expand Indirect Lending Opportunities

Jan 29, 2024
- Press Release
- News
Open Lending Partners with CreditSnap to Help Lenders Deliver Informed Decisions, Navigate Refinance Needs

Jan 25, 2024
- Press Release
- News
Open Lending Research Uncovers Near- and Non-Prime Consumers’ Automotive Financing Hopes and Doubts

Jan 23, 2024
- Testimonials
Executive Lender Roundtable 2023

Dec 22, 2023
- Insights
Near- and Non-Prime Consumer Update

Dec 15, 2023
- Insights
Adapting Market and Economic Shift in 2024: Considerations for an Effective Risk Management Strategy

Dec 15, 2023
- Press Release
Near- and Non-Prime Consumers Face Shrinking Access to Automotive Financing in 2023, Open Lending Research Finds

Dec 13, 2023
- Insights
Near- and Non-Prime Consumer Update

Dec 11, 2023
- Press Release
Open Lending Named Winner of 2023 NAFCU Innovation Award

Dec 4, 2023
- Insights
- News
Auto Remarketing: Credit unions reiterate opportunities for success in subprime

Nov 17, 2023
- Insights
The Most Pressing Topics at Open Lending’s 2023 Executive Lending Roundtable

Nov 15, 2023
- News
Forbes: Questions To Ask When Adding A FinTech Solution To Your Tech Stack

Nov 10, 2023
- News
Auto Finance News: Open Lending leverages new data sources

Nov 9, 2023
- Press Release
Open Lending Joins CUNA as Associate Business Member to Champion the Credit Union Movement and Near-Prime Consumers

Nov 9, 2023
- Press Release
Open Lending Named Finalist for 2023 NAFCU Innovation Award

Nov 6, 2023
- News
PYMNTS: FinTech IPO Index Surges 6%, as SoFi and NerdWallet Post Quarterly Results

Nov 3, 2023
- News
Auto Remarketing: Open Lending reinforces Lenders Protection with new alternative data attributes

Nov 1, 2023
- Press Release
Open Lending Expands Auto Lending Inclusivity with Improved Loan Decisioning Accuracy as Vehicle Costs Soar

Nov 1, 2023
- Press Release
Open Lending Named Finalist for 2023 CU Times LUMINARIES Awards

Oct 18, 2023
- Press Release
Open Lending Launches Awards Program to Honor Vehicle Accessibility Pioneers

Oct 5, 2023
- News
Announcing: 2023 Open Lending Economic Vehicle Accessibility Awards

Oct 5, 2023
- Insights
Rising Rejection Rates Cost Lenders and Borrowers

Sep 8, 2023
- Press Release
Open Lending Chief Technology Officer Sarah Lackey Joins Forbes Technology Council

Aug 17, 2023
- Press Release
Open Lending CRO Matt Roe to Speak on Auto Lending Opportunities at CU Leadership Convention

Jul 20, 2023
- Insights
Five Questions to Ask When Choosing an Auto Lending Enablement Solution

Jun 23, 2023
- News
F&I Tip: Car dealers should express needs to auto lenders

May 24, 2023
- News
Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds

May 11, 2023
- Press Release
Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds

May 11, 2023
- News
Sound Credit Union now leverages Open Lending to book nearly $3M in paper monthly

May 8, 2023
- Press Release
Sound Credit Union’s Auto Loan Yield Jumped 8% After Implementing Open Lending’s Lenders Protection™, Case Study Finds

May 5, 2023
- Insights
AI as an Extension of the Lending Process, Not a Replacement

Apr 21, 2023
- Research Report
Loans Within Reach: Lending Enablement Benchmark 2023

Apr 20, 2023
- Press Release
Open Lending Releases Initial Survey Findings on Market Challenges for Auto Lenders, Opportunities to Improve Return on Assets

Apr 20, 2023
- News
Open Lending extends coverage to 2012 cars

Mar 26, 2023
- Insights
Peaks and Valleys of Auto Sales:
How Lenders Can Anticipate Demand

Mar 21, 2023
- News
Crescent Bank taps Open Lending to accelerate approval process

Mar 8, 2023
- Press Release
Open Lending Partners with Crescent Bank to Meet Demand for Auto Loans, Accelerate Approval Process

Mar 7, 2023
- Insights
Ready for AI? Why Credit Unions Should Consider a Nuanced Approach

Mar 2, 2023
- Press Release
Open Lending Extends Program to Older Vehicles to Support Today’s Car Buyer

Feb 9, 2023
- Press Release
Open Lending Appoints Kevin Filan as Senior Vice President of Marketing

Jan 26, 2023
- Insights
- Auto Lending Trends
The Liquidity Crunch is Here: How Financial Institutions Can Weather the Storm

Jan 19, 2023
- Research Report
Driving Opportunity: U.S. Vehicle Accessibility Index 2023

Dec 15, 2022
Driving Opportunity: U.S. Vehicle Accessibility Index 2023

Dec 13, 2022
- Testimonials
VyStar Credit Union: Jenny Vipperman

Dec 5, 2022
- Testimonials
GreenState Credit Union: Amy Henderson

Dec 5, 2022
- Testimonials
SAFE Credit Union: Tiffani Vargas

Dec 5, 2022
- Testimonials
CapEd Credit Union: Jeremy Sankwich

Dec 5, 2022
- Testimonials
Beneficial State Bank: Charles Elliot

Nov 21, 2022
- Testimonials
University of Wisconsin Credit Union: Lee Decker

Nov 21, 2022
- Testimonials
Farm Bureau Bank: Kelly Hamer

Nov 21, 2022
3 Preliminary Findings From Our Recent Survey on Vehicle Accessibility

Nov 15, 2022
- Case Studies
How Randolph-Brooks Federal Credit Union Drives Loan Growth While Strengthening Member Relationships

Nov 4, 2022
- Testimonials
Firelands Federal Credit Union: Brett Montague

Nov 2, 2022
- Insights
- Strategic Partners
Open Lending and AFCU Partnership: Conversation With Brett Christensen, AFCU Chief Lending Officer

Oct 28, 2022
- Insights
Partnership Announcement: America First Credit Union Affords More Members Access to Vehicle Ownership

Oct 20, 2022
- Insights
- Risk Mitigation
Opportunities for Credit Unions in Changing Automotive Environment

Sep 21, 2022
- Insights
- Product Enhancement
Product Announcement: Open Lending’s 84-Month Near and Non-Prime Auto Loans Enable Credit Unions to Meet Rising Auto Prices

Sep 15, 2022
- Insights
- Auto Lending Trends
Open Lending’s Response to the Ever-Changing Auto-Lending Landscape

Aug 11, 2022
- Insights
- Product Enhancement
Reminder: Additional Enhancements

Aug 8, 2022
How to Ride the Rising Tides of 2022’s Auto Lending Market

Jul 11, 2022
- Insights
2022 Is a Prime Year to Grow Your Non-Prime Auto Loan Portfolio

Jun 3, 2022
- Case Studies
Gesa Credit Union, CapEd Credit Union Expand Auto Lending to the Credit-Invisible While Mitigating Risk

May 11, 2022
- Insights
- Product Enhancement
Reminder – Additional Enhancements beginning April 2022!

Apr 7, 2022
Concerned About Inflated Car Prices? Here’s How to Mitigate Your Risk.

Apr 5, 2022
VyStar Finds Greater Growth with Open Lending by Expanding Partnership

Mar 25, 2022
- Insights
- Auto Lending Trends
Auto Lending Delinquencies Are Relative to Record Market

Mar 12, 2022
- Insights
- CECL
Are You Ready for the New CECL Accounting Standard?

Mar 4, 2022
- Insights
- Auto Lending Trends
2022 Auto Lending Forecast

Mar 1, 2022
- Insights
5 Ways to Mitigate Credit Risk

Feb 23, 2022
- Insights
- Member Services
Reach More of the Unbanked and Compete with Fintechs

Feb 16, 2022
- Non-Prime Lending
- Insights
The Powerful Alternative to Buy-Here, Pay-Here Lending

Feb 4, 2022
- Insights
- Auto Lending Trends
What Fed’s Expected Rate Increases Mean for Lenders

Jan 24, 2022
- Insights
- Indirect Lending
Managing the Demands of Indirect Auto Lending

Dec 8, 2021
- Insights
- Auto Lending Trends
Will Lenders’ Interest Margins Continue Falling?

Sep 8, 2021
- Insights
- Auto Lending Trends
As Used Car Prices Drop, What’s Next for Auto Lenders?

Aug 24, 2021
- Insights
- Auto Lending Trends
Rev Up Auto Lending for July 4th!

Jul 1, 2021
3 Auto Loan Marketing Trends to Watch in 2H 2021

Jun 22, 2021
- Case Studies
- Insights
How Meritrust’s Indirect Lending Recovered with Help from Open Lending

May 28, 2021
3 Ways to Reach Nonprime Borrowers and Improve Interest Income

Apr 27, 2021
- Non-Prime Lending
- Insights
3 Ways to Increase Your Auto Lending and Boost Consumer Credit

Apr 21, 2021
- Insights
- Risk Mitigation
4 Best Practices to Follow in Your Credit Risk Management

Mar 30, 2021
- Webinars
- CECL
CECL: What Your Bank Or Credit Union Needs To Know

Mar 16, 2021
- Case Studies
- Insights
Union Square CU Sees Margins Improve 150 bps with Open Lending

Feb 16, 2021
- Insights
- Employee Spotlight
Drue Goodale Fills Role of Open Lending SVP

Feb 9, 2021
- Insights
- Auto Lending Trends
Auto Lending Expected to Increase, Countering Tight Interest Margins

Jan 8, 2021
- Insights
- Employee Spotlight
Q&A With Open Lending CEO: Secret to Success in the Face of Adversity

Oct 13, 2020
- Insights
- Alternative Data
Alternative Data Helps Grow Loans, Loyalty, and Member Relationships

Oct 7, 2020
- Insights
- Auto Lending Trends
How Contactless Car Buying Trends Affect Your Credit Union

Sep 29, 2020
How to Tighten Your CU’s Indirect Lending Processes

Aug 4, 2020
- Insights
- Employee Spotlight
Aracely Alaniz Makes it Rain for Credit Unions

Jul 16, 2020
- Insights
- Webinars
Credit Unions’ Model was Built to Outlast Short-Term Corona Impact

May 5, 2020
Community Bank and Credit Union Brands Will Shine Through Pandemic

Apr 22, 2020
- Insights
- Member Services
Fed Rate Cut: Pay it Forward in Corona Crisis

Mar 17, 2020
4 Keys to Success in Dealer Relationships

Jan 21, 2020
- Insights
- Indirect Lending
Indirect Lending Requires Compliance

Jan 14, 2020
- Non-Prime Lending
- Insights
9 Ways to Reach Nonprime Borrowers About Car Loans

Dec 19, 2019
- Insights
- Alternative Data
Regulators’ Statement on Alternative Data in Lending is Spot on

Dec 6, 2019
- Insights
- Automated Decisioning
Data & Technology Can Help You Make More Car Loans

Oct 2, 2019
- Insights
- Member Services
Using Data to Market Auto Loans in a Slowdown

Sep 18, 2019
- Insights
- Member Services
Credit Unions Should Serve the ‘New Middle Class’

Aug 9, 2019
Be One with the Member Experience

Aug 1, 2019
5 Trends in Auto Lending to Give Credit Unions Hope

Jun 27, 2019
- Insights
- Member Services
Boomers Have More to Offer Credit Unions Than You Might Realize

Jun 20, 2019
Challenging the Sacred Cows of Auto Lending: Webcast Brief

May 17, 2019
- Insights
- Employee Spotlight
Open Lending Welcomes Insurance Sales Expert Kevin Kindschi

May 9, 2019
- Case Studies
MAX Credit Union Overcomes Local Credit Risks and Improves ROA with Lenders Protection

Apr 10, 2019
Firelands FCU Saves Time, Retains Members, Books More Loans with Lenders Protection

Mar 19, 2019
Non-Prime and Used Autos Represent Opportunity for 2019

Feb 19, 2019
Mitigating Risks of Nonprime Lending

Feb 5, 2018