Steve has worked as Vice President of Insurance Services at Open Lending, LLC since 2010. Prior to Open Lending, Steve was Vice President and Senior Actuarial Officer for CUNA Mutual Group. His last 20 years at CUNA Mutual were spent serving as the Product Manager for a number of their major businesses, including Credit Insurance and Employee Benefits.
In 2003, he worked closely with the Open Lending staff to develop and launch the Lenders Protection Program when it was still a Joint Venture between the two organizations. He then acted as the Product Manager for Lenders Protection at CUNA Mutual until his retirement in 2008. During that time the Lenders Protection Program grew rapidly and ended up helping 180+ lenders serve over 77,000 borrowers and generated an insured loan portfolio of $1.7 Billion.
In 2010, Steve came out of retirement to rejoin Open Lending, LLC in an expanded capacity. His expertise and background continue to be invaluable to the Lenders Protection Program and its growth in the financial services market. Steve’s primary responsibilities at Open Lending involve the insurance operations for the Program. That includes acting as the primary liaison with our two insurance partners, AmTrust and CNA. He worked closely with these insurers to develop the various Insurance Policies that provide the default insurance coverage underlying the Program. In addition, Steve oversees Open Lending’s Third Party Administrator that processes all Lenders Protection claims. Our insurance partners have delegated the responsibility for claims administration to Open Lending and that enables us to ensure that our claims processing is as customer-focused as possible.