Open Lending Blog (8)

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...

Jul 31
2 min

Credit Union Auto Lending that’s Built to Last

As the coronavirus pandemic lingers on, we all look forward to seeing our new normal. Many companies have had to change how they’ve done business, to...

Jul 22
2 min

Mitigate Auto Loan Risk in the New Normal

As the US moves forward in our ‘new normal,’ so are credit unions. Given that we haven’t been through a pandemic in more than a hundred years,...

Jul 16
1 min

Aracely Alaniz Makes it Rain for Credit Unions

Open Lending has a very different culture than her previous insurance company jobs, Aracely Alaniz, Insurance Services Manager, explains.