Open Lending Corp

Open Lending Corporation (Nasdaq: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States. The company operates a lending enablement platform that helps financial institutions — primarily credit unions and banks — create profitable near-prime and non-prime auto loan portfolios with reduced risk. Open Lending generates revenue through program fees charged at loan origination, profit share arrangements tied to the performance of insured loan portfolios, and claims administration and other service fees. The company has been serving financial institutions for 25 years, with its business model centered on enabling lenders to expand into borrower segments they might otherwise avoid. Key strategic initiatives include Project Red Rocks and ApexOne Auto, reflecting ongoing efforts to enhance the platform's capabilities and market reach. Updated May 7, 2026