Open Lending Blog | Alternative Data

Nov 5
2 min

Can Credit Building Programs Help Grow Your Auto Loan Portfolio?

Many consumers have a few dings and dents on their credit score given the trials and tribulations endured within the last 18 months or so. When in...

Oct 12
1 min

Can Credit-Invisible Consumers Grow Your Interest Income?

We already know who the credit-visible consumers are because we can see them on paper, more specifically, by a credit score. These consumers are...

Sep 24
2 min

Can Alternative Data Expand Credit Access to Members?

Yes! Here’s how:

Aug 11
1 min

Data-Driven Banking and Lending Gains Popularity

Following everyone’s shift to digital in 2020, data now plays a greater role in the financial industry. Open Lending has been using data to help...

Feb 2
2 min

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 don’t...

Jan 26
2 min

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...

Jan 19
2 min

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 Lending’s...

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...

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 1
2 min

Alternative Credit Scoring Helps Credit Unions Adapt to New Normal

The U.S. looked like it was ready to start entering the post-coronavirus world and began easing stay-at-home orders, but unfortunately, we’re now...