Open Lending Blog (10)

Apr 28
1 min

Beneficial State Bank: Boost Auto Loan Demand to Fulfill Mission

Prior to implementing Open Lending’s Lenders Protection, Beneficial State Bank only approved about 30% of its auto loan applications with a pull...

Apr 22
2 min

Community Bank and Credit Union Brands Will Shine Through Pandemic

I know you’ve been hearing this, but we are living in unprecedented times due to coronavirus. Over the course of the last two months, life in...

Apr 14
1 min

4 Steps to Lending Risk Management in the Times of Coronavirus

All businesses right now are taking a step back to evaluate their strategies and models as we deal with the comprehensive impact of coronavirus, from...

Apr 7
2 min

Free and Low Cost Ways to Continue Marketing Auto Loans

We are all facing challenges as we work together through the COVID-19 pandemic to continue serving customers and members. Consumers are uncertain...

Apr 1
2 min

Hope Floats Amid Corona-Related Auto Dealership Shutdowns

Life happens. The pandemic is in full swing, and your member’s car has died or been in an accident – but many states have ordered people to shelter...

Mar 24
1 min

Moring Oversees Open Lending Client Implementation Like a Hawk

Tom Moring is Open Lending’s implementation manager. He’s also the unofficial title around the office as ‘the bird guy.’

Mar 17
2 min

Fed Rate Cut: Pay it Forward in Corona Crisis

As COVID-19 continues to spread, the government and general public are struggling to deal with the growing concerns. From an individual aspect,...

Mar 16
1 min

A Letter from the Open Lending CEO Addressing COVID-19 Preparedness

To the Customers of Lenders Protection™, You, as our customers, clients and friends, come first. Our business success depends on providing...

Mar 10
2 min

Data and Analytics: The Lending Gift that Keeps on Giving

Where Lenders Protection Fits

Alternative data in lending decisions has been a growing practice in recent years. Many companies,...

Mar 5
2 min

Strategic Onboarding Builds Indirects into Multi-Product Relationships

Indirect lending is how many banks and credit unions build their auto loan portfolio. A strategy for converting these members to multiple...