CECL: A Potential Problem For Lending?

CECL is a term that has been going around in the financial world, but the standard itself is confusing, the timing of compliance is different for...


How 3 Financial Institutions Boosted Auto Loan Margins in 2020

Banks and credit unions in 2020 faced many challenges, but by the third quarter, lending portfolios overall showed signs of recovery. However, a...


Union Square Credit Union Sees Margins Improve 150 bps with Open Lending

Buying a car has become a lot more difficult for many more people, especially after the coronavirus pandemic brought on greater financial strain...


Drue Goodale Fills Role of Open Lending SVP

Drue Goodale has been employed by Open Lending for eight years now, but before that he was with Open Lending as a client. He came to the company...


How to Manage Credit Risk With the Right Data

Banks and credit unions want and need to bring in more loans, and they must be able to say ‘yes’ to as many leads as possible. But things...


Moving Ahead with Alternative Data

Banking has changed over the years, but the changes that occurred over the last year are like nothing financial institutions have...


Don’t Miss Out on Amazing Auto Refi Opportunities

If your bank or credit union is only lending to the top credit tiers, then many opportunities for interest income are passing you by. Open...


New Auto Lending Trends For The New Year

We are only days into this new year of 2021 and already we’re seeing some notable trends beginning to emerge in the auto lending industry. Some of...


Auto Lending Expected to Increase, Countering Tight Interest Margins

Many people and businesses struggled with their finances when the coronavirus upended life as we know it. Credit unions, especially small ones,...


2021: What to Expect from Auto Lending and Open Lending

This year has been one to be recorded in history books for many of the wrong reasons. Like many other industries, auto lending...