Open Lending Blog | John Flynn (7)

Oct 13
3 min

Q&A With Open Lending CEO: Secret to Success in the Face of Adversity

2020 has been challenging to say the least. Between the coronavirus and social unrest, credit unions and banks have been hit from all sides, from...

Oct 7
2 min

Alternative Data Helps Grow Loans, Loyalty and Member Relationships

The coronavirus pandemic has hit consumers hard, subsequently exposing the limitations of traditional scoring in determining creditworthiness. Credit...

Sep 29
1 min

Digital Transformation of the Car Buying Experience is Here

In coronavirus environment, digital has skyrocketed to the forefront of the car shopping experience, but it was moving that way prior to 2020....

Sep 29
2 min

How Contactless Car Buying Trends Affect Your Credit Union

Contactless delivery isn’t a new concept. People have been getting newspapers via contactless delivery for decades. According to a NASDAQ article,...

Sep 16
2 min

Follow the Trends to Find your Credit Union or Banks’ Future

As we came into 2020, things were looking pretty stable for auto lending. Late in the first quarter, Experian released its State of Automotive...

Sep 9
1 min

Risk Mitigation, Not Removal, is the Goal in Auto Lending

While times remain uncertain, credit unions continue to seek new ways to mitigate risk. According to USA Today, unemployment in the U.S. is still...

Sep 2
2 min

Helping Others Keeps Open Lending VP Stephanie Dawson in Community Financial Services

Open Lending has always supported the credit union philosophy of “people helping people”. Their mission is to serve the underserved by using current...

Aug 26
2 min

Post-Coronavirus Rebirth of Auto Lending

The economy was off to a great start at the beginning of the year, and auto lending has long been the bread and butter of credit unions. While auto...

Aug 14
2 min

Car Sales are Down – What’s Your Credit Union Doing About It?

In a recent report from US News, auto sales in the month of April were off 45% from the previous year, clearly due to coronavirus. During the same...

Aug 4
2 min

How to Tighten Your CU’s Indirect Lending Processes

While indirect lending is still a major part of many credit unions’ auto loan portfolios, a report from CU Times showed they were slowing heading...