Elevated used-vehicle values drive lender adoption of Open Lending platform

Open Lending’s program for lenders is penetrating the automotive captive market

© Can Stock Photo / teshimine

Inflated used-vehicle values and the need to stay competitive in the market has lenders turning to a lender protection program from automation fintech Open Lending that allows financial institutions to dip deeper into lower credit segments without adding significant risk to their auto loan portfolios. Seventy-one lenders signed onto Lenders Protection in 2021, including California-based […]

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