Open Lending
Say Yes to More Loans
Overview
Open Lending provides a loan analytics platform, Lenders Protection, that enables automotive lenders to model and price loans for near-prime and subprime consumers. Their platform helps lenders increase their loan volume and yields while mitigating risk.
✨ Key Features
- Loan analytics and risk modeling
- Default insurance
- Automated loan decisioning
- Portfolio risk management
🎯 Key Differentiators
- Proprietary risk-based pricing models
- Default insurance on the loans they help originate
Unique Value: Enables automotive lenders to safely and profitably serve the near-prime and subprime consumer market through advanced risk analytics and default insurance.
🎯 Use Cases (2)
✅ Best For
- Enabling lenders to approve more auto loans for consumers with lower credit scores by providing risk-based pricing and default insurance
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Auto dealers (their customers are the lenders)
🏆 Alternatives
Offers a unique combination of risk-based pricing and default insurance that allows lenders to approve more loans with confidence.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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