Open Lending Corp

NASDAQ:LPROUnited States

Open Lending Corporation is a provider of lending enablement and risk analytics to credit unions, regional banks, finance companies and the captive finance companies of automakers. The Company provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. It targets the financing needs of near-prime and non-prime borrowers, or borrowers with a credit bureau score generally between 560 and 699. Lenders Protection platform (LPP), the Company's flagship product, is a cloud-based automotive lending platform. LPP supports the full transaction lifecycle, including credit application, underwriting, real-time insurance approval, settlement, servicing, invoicing of insurance premiums and fees and advanced data analytics of the automotive lender's portfolio under the program. Its risk models project loan performance, including expected losses and prepayments, in arriving at the optimal rate. It serves around 454 active lenders.

Contact Information

Headquarters

1501 S. Mopac Expressway, Suite #450AUSTIN, TX, United States 78746

Phone

512-892-0400

Fax

302-636-5454

Executives

Independent Chairman of the Board

Jessica Buss

Chief Executive Officer, Interim Chief Financial Officer, Chief Operating Officer, Treasurer

Charles Jehl

Chief People Officer

Shawna Shelor

Chief Technology Officer

Sarah Lackey

Chief Accounting Officer

Cecilia Camarillo