Open Lending

Economic shifts, affordability concerns, and credit tightening continue to shape the auto lending market. In our upcoming Q1 Automotive Lending Quarterly Insights webinar, we’ll share exclusive insights from our third annual Vehicle Accessibility Report, highlighting key trends affecting lenders today. Key takeaways include: - How near- and non-prime borrowers are adapting in an unpredictable economy. - Data on vehicle affordability and financing trends. - Practical strategies to drive growth in a complex market. Register today to gain valuable insights that can inform your lending strategy for the year ahead.

☕ Already feeling the buzz of GAC? Let's keep the energy going! We're here to chat about leveling up your auto lending strategy and grab a quick coffee with you. Yes, we're still serving those delicious coffees until 10 AM at the Marriott Marquis! 🚀 Swing by Booth #139 at the expo hall entrance – you can't miss us! ✈️ Plus, don't forget to scan your badge for a chance to win a $500 Airline Gift Card! #gac2025 #openlending

While Hollywood gathers to hand out Oscars tonight, we will gather Tuesday evening while at #GAC to hand out the EVAAs. So much to celebrate.

For many Americans, vehicle ownership is essential — not just for convenience but also for economic mobility, employment opportunities, and overall well-being. Yet, rising costs, limited access to credit, and structural lending challenges continue to put reliable transportation out of reach for millions, especially for near and non-prime borrowers. At Open Lending, we believe that financial inclusion starts with understanding the needs and realities of underserved consumers. That’s why we’re excited to release our third annual Vehicle Accessibility Report, an in-depth look at the evolving challenges and trends shaping the auto finance landscape.  Some key insights include:   - Shorter loan terms are adding financial strain for near- and non-prime consumers.  - Trust in lenders varies, with banks and credit unions ranking higher than dealerships.  - Gen Zers prefer financing through their primary bank or credit union over dealerships. With affordability concerns rising, lenders have an opportunity to expand access and build trust. #automotivefinancing hashtag#autolending 

🚀 Connect with Open Lending at GAC at Booth #139 at the expo hall entrance! We're ready to show you how to boost your auto lending strategy. ✈️ Don't miss out! Scan your badge at our booth to win a $500 Airline Gift Card! 🎙️ Join Kevin Filan, SVP of Marketing, for our Visionary Session on Tuesday, March 4th at 12:40 PM in the Expo Theater. 💻 Want to dive deeper? Please register for our Open Lending Quarterly Insights Webinar on March 13th at 1 PM ET / Noon CT! We'll cover the latest auto finance trends and our exclusive 2025 Vehicle Accessibility Report. Register here: https://lnkd.in/gVSnAapK #CreditUnions #GAC2025 #OpenLending #gac

Open Lending is incredibly proud to recognize 15 recipients of the 2024 Economic Vehicle Accessibility Awards or "EVAAs". The work by these auto lenders to make the dream of vehicle ownership a reality for near- and non-prime consumers is more than just applying data, technology, and default insurance from Lenders Protection, it's about making your borrowers and your communities stronger. To read about the 2024 EVAA recipients and their impact, please visit our EVAAs site: https://lnkd.in/dK2iqUVr

Continued challenging news regarding auto loan delinquencies, net charge-offs, and negative auto loan growth for banks and credit unions. In this latest piece, we point out four specific areas that auto lenders should consider to contend with the current environment and point the way forward for a better performing 2025 and beyond. https://lnkd.in/eQdZY5ku

Kevin Willborn, VP of Consumer Lending at Gesa Credit Union, shares how Open Lending has empowered them to serve more members and broaden their reach. Specifically, Lenders Protection™ has: - Opened access to underserved market segments, starting with auto loans. - Extended opportunities to cross-sell additional products like home equity loans and credit cards. - Built a relationship that feels like family, driving collaboration and trust. Watch the full story. Learn more about what Lenders Protection™ and Open Lending partnership can bring your institution. 

Phil Wiens, Chief Lending Officer at Interra Credit Union, reflects on their 3.5-year partnership with Open Lending and its transformative impact on their auto lending strategy. According to Phil, Open Lending and Lenders Protection™ delivers:  - Confidence to broaden their borrower base risk while staying protected with structured insurance. - Lenders Protection has provided their best returns and margins in their entire auto loan portfolio. - A true partnership and an extension of their team. Watch the full story below. Learn what an open lending partnership can bring to your portfolio and institution. 

Taylor Ellis, VP of Strategic Partnerships at First South Financial FCU, describes how Open Lending helped them break traditional barriers and serve more members while maintaining confidence in their lending practices. By partnering with Open Lending, First South Financial has: - Expanded beyond prime borrowers, unlocking opportunities in new market segments. - Built a trusted partnership with Open Lending’s responsive and knowledgeable team. - Increased approvals without compromising financial security or member trust. Hear more from Taylor below. Learn how Lenders Protection™ can accelerate your auto lending today!