What is Open Lending?

Open Lending is a financial technology company that provides loan analytics, risk-based pricing, and automated decision technology for automotive lenders. Their primary service is the Lenders Protection™ program, which helps lenders approve more loans to near-prime and non-prime borrowers by providing default insurance and advanced risk modeling. This enables financial institutions to safely increase their auto loan portfolios while managing risk. Open Lending partners with banks, credit unions, and other automotive lenders to optimize their lending strategies and expand access to credit.