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Home » Open Lending logs 138% YoY jump in certified loans, increased refi penetration

Open Lending logs 138% YoY jump in certified loans, increased refi penetration

OEM certified loans jumped 693% YoY

Joey PizzolatobyJoey Pizzolato
November 11, 2021
in Earnings
Reading Time: 2 mins read
0
Open Lending logs 138% YoY jump in certified loans, increased refi penetration

© Can Stock Photo / iDesign

Automation fintech Open Lending posted year-over-year increases in its certified loans despite industry headwinds as refinance volume grew and more credit unions and banks continue to sign onto its platform.   Total certified loans, or “certs,” increased 138.4% YoY and 6.3% sequentially to 49,332, accounting for about $1.3 billion in auto originations. Credit union and banks, which hold […]

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Tags: artificial intelligenceautomationOpen LendingPremiumsubprime
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