Open Lending Blog | Alternative Data (2)

Jun 3
2 min

Opportunities Abound for Credit Union and Banks During Tough Economies

The unthinkable happened this year. The coronavirus put booming economies on their ear, and we are adjusting to the new normal. How do we do our part...

May 19
1 min

Data-Based Empathy Helps Members and Credit Unions

Coming into 2020, the U.S. had record automobile loans of more than $1.3 trillion and growing delinquencies ($66B 90+ days past due, totaling 5% of...

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,...

Jan 29
2 min

Car Loans Rev Up with Alternative Data

As technology has evolved in recent years with data moving to the cloud and processing power increasing at a lower price point, lenders now...

Dec 6
2 min

Regulators’ Statement on Alternative Data in Lending is Spot on

Earlier this week, the federal banking and credit union regulators issued a joint statement focused on the consumer protection implications regarding...

Aug 21
1 min

Rev Up Your Auto Loan Portfolio Profitability

Consumers’ credit scores are critical to making safe, profitable loans that benefit your credit union and its members, but they are not the only...

May 29
2 min

The Power of Data in Near-Prime Auto Lending

We dabble in the prime; we dabble in the non-prime, but the real opportunity for auto lenders is in the in-between. We’ve been focused on this from...