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Open Lending Corporation provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States, which enables each lending institution to book near-prime and non-prime automotive loans, coupled with real-time underwriting of loan default insurance, out of its existing business flow. The Company also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on automotive loans. Its flagship product, Lenders Protection platform (LPP), is a cloud-based automotive lending enablement platform. The platform uses risk-based pricing models that enable automotive lenders to assess the credit risk of a potential borrower using data-driven analysis. The Company's proprietary risk models project loan performance, including expected losses and prepayments, in arriving at the optimal contract interest rate.
Find out what a historical investment in Open Lending Corp would be worth today using our LPRO stock calculator.
Market Capitalisation
$218.70M
Price-earnings ratio
-
Dividend yield
0.00%
Volume
839.92K
High today
$1.86
Low today
$1.74
Open price
$1.78
52-week high
$2.70
52-week low
$1.18
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