Open Lending

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! 

Jared Dryer, VP of Consumer Lending at Westerra Credit Union, shares how Open Lending has become an integral part of their lending strategy. Some of their key achievements since implementing Lenders Protection™ include: - Over $30 million in loans funded in just two years. - Improved performance compared to general indirect loans, thanks to insurance coverage. - Portfolio diversification with confidence. Hear the full story below. If you're ready to elevate your lending strategy, let’s connect!

Anthony C., SVP & Head of Consumer Lending at Axos Bank, explains how Lenders Protection™ is more than just a lending tool — it's a growth engine. What makes it a game-changer? - Confidence to expand into areas previously deemed too risky. - The ability to attract new customers and deepen relationships with existing ones. - Creates opportunities for various lending and banking products beyond just auto lending. Watch the full story below. Let’s explore how Open Lending can transform your lending approach!

Hear from Summers Townsend, Executive Vice President and COO of First South Financial FCU, about how Open Lending helps them fulfill their mission to serve members and support financial well-being. In her testimonial, Summers highlights how Open Lending:  - Supports near- and non-prime borrowers, opening doors for new opportunities. - Helps say “yes” to more loans, increasing membership and market growth. - Provides a proven solution with Lenders Protection™ to serve their community confidently. See how Open Lending makes a difference. Discover what Open Lending can do for your institution today!

For nearly 25 years, Lenders Protection™ has helped financial institutions across the US grow securely while expanding access to reliable transportation to borrowers in the near-prime and non-prime credit spectrum. Hear from a few of our Lenders Protection users including Arkansas Federal Credit Union, Kemba Credit Union, Westerra Credit Union, First South Financial FCU, Interra Credit Union, Gesa Credit Union and Axos Bank to learn how this solution can help your institution with benefits ranging from serving underserved borrowers, to higher returns on auto loans, acquiring new customers, lowering CECL reserves and buffering their institution from the risk in auto lending.

Webinar Replay: Watch Open Lending's Kevin Filan and Point Predictive's Justin Davis, CFE discuss some of the key challenges ahead for auto lenders in 2025, and what you can do manage risk and mitigate impact. #creditunions #lending https://lnkd.in/guKNewkv

Last Chance: Open Lending's Kevin Filan and Point Predictive Justin Davis, CFE will be chatting about the opportunities and trends that will impact auto lenders in 2025 today at 12 CT. Sign up here: https://lnkd.in/g9-2mx4g