Open Lending

Automotive Loan Decision Platform

Silver Partner

2020 NAFCU Services Innovation Award Winner

Much of a credit union’s automotive loan application flow results in lost opportunities due to less than favorable counter-offers or denials. The Lenders Protection™ program increases opportunities from a financial institution’s existing application flow. Lenders Protection™ allows an institution to expand their loan offerings with lower credit scores (560 minimum), higher loan advances (up to 145% of wholesale/trade values), longer loan terms (up to 78 months), and competitive interest.

The entire loan and insurance process is seamlessly delivered through the Lenders Protection™ program’s proprietary software platform which is interfaced into point-of-sale and loan origination systems eliminating re-keying of application information.

REV UP your automotive loan performance, increase vehicle lending volumes, and earn higher yields with Lenders Protection™.

Products and Services

  • Lenders Protection™ is a risk management program featuring default insurance coverage for near and non-prime automotive loans. The program allows credit unions to model their specific overhead and funding costs set to desired ROA targets for their insured portfolio.

    • Generate Automotive Loan Growth: Lenders can approve more automotive loans outside of normal lending guidelines.
    • Sophisticated Analytics: State-of-the-art risk-based pricing models include up to date, data driven default rates, pre-payment speeds, and loan level loss severity.
    • Quick Decisions: A seamless user experience allows quick decisions through multiple LOS interfaces.
    • Great Support: A dedicated Account Manager provides ongoing reviews and support.