Open Lending Corporation (LPRO)
Open Lending Corporation operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in Austin, TX, US. The stock last traded at $3.14, up 0.00% on the session, giving a market capitalisation of $371.5M. On trailing twelve-month figures it carries a trailing P/E of -69.93, a net margin of -5.9%. Its beta of 2.20 implies it has historically moved more than the broad market.
Based in Austin, Texas, and established in 2000, Open Lending Corporation delivers specialized solutions for empowering lending operations and conducting risk analysis. Their services are utilized by a diverse range of financial institutions throughout the United States, including credit unions, regional banks, independent auto finance companies, and the captive finance arms of original equipment manufacturers. A key offering is their Software as a Service (SaaS) platform, known as the Lenders Protection Program (LPP). This innovative platform assists external lenders by streamlining the process of making loan decisions and automating underwriting. It also facilitates the provision of credit default insurance through affiliated insurance providers. The LPP suite incorporates functionalities such as in-depth loan data analysis, dynamic risk-adjusted pricing for loans, sophisticated risk forecasting models, and intelligent automated decision-making tools, all tailored for the automotive lending industry.
Open Lending Corporation is most often compared with the following Financial Services names: