- [01:49] Vehicle prices had gone to all-time highs and the consumer was facing inflation across a broader economy. We saw all of that add up and we were trying to understand what automotive lenders were doing.
- [03:22] Open Lending conducted the research in February and they surveyed leaders from lending institutions of all sizes. Almost half of them were from the credit union space.
- [09:35] Those lenders that were using the solutions that incorporate alternative data and AI are far less likely to see a rise in delinquencies in their portfolios.
- [13:31] The need now more than ever is to look at more than just the FICO score.
- [15:12] Having a vehicle is extremely important to your members, including being able to replace an aging vehicle and getting into a vehicle with reasonable rates.