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Open Lending leverages new data sources

Certs declined 29% YoY, refinancing shrank

Amanda Harris

Automation fintech Open Lending is leveraging additional data sources to improve its scorecard as certified loan volume declined in the third quarter driven by affordability concerns, limited supply and a slowdown in auto lending activity at credit unions. The company is using three additional alternative data sources outside of LexisNexis for its lender protection program, […]

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