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Open Lending’s certified loans dip 23%

Bank, credit union certs fell 30% YoY

Joey Pizzolato

Automation fintech Open Lending logged a decline in certified loan volume in the second quarter as banks and credit unions tightened credit and targeted prime and super-prime borrowers. Certified loans (certs) dipped 22.9% year over year to 34,354 loans, according to the company’s earnings supplement. On a dollar basis, Open Lending facilitated $1 billion of […]

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