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Open Lending

Open Lending provides automated lending services to financial institutions. The company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States.

Company Website

51-250   employees

@openlending company/open-lending-inc.

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About Open Lending

Open Lending provides automated lending services to financial institutions. The company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States. The company was founded in Austin, TX in 2000 and is publicly owned.

Its flagship product, Lenders Protection™ is a unique auto lending enablement platform that utilizes proprietary data and advanced decisioning analytics to provides lenders with a powerful and safe way to increase near and non-prime auto loan volumes that achieve higher yields without adding significant risk to their loan portfolio. Lenders Protection™ combines sophisticated risk-based pricing models, configured to each lender’s individual cost factors and financial targets, with reliable loan default insurance provided by “A” rated third party insurance companies.

Before taking the company public in 2020, Open Lending ranked among Austin’s fastest growing, privately held companies. Starting in 2013, the company placed for seven consecutive years on the Austin Business Journal’s Fast 50 list. Additionally, Open Lending has been named as a top workplace by both the Austin Business Journal and the Austin American Statesmen.

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