Open Lending Corp (LPRO) USD0.0001
Sell:$1.99Buy:$2.00
$0.07
(3.16%)
- This stock can be held in a
Stocks and Shares ISA$0.07
(3.16%)$0.07
(3.16%)Company Information
About this company
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.
Key people
Key facts
- EPICLPRO
- LocationUnited States
- SectorFinancial
- IndustryConsumer Financial Services
- ISINUS68373J1043
- Market cap$233.58m
- Employees205
- Shares in issue128.20m
- ExchangeNASDAQ
- Index
- Website
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Overview data is sourced from Refinitiv.