Open Lending CRO Matt Roe to Speak on Auto Lending Opportunities at CU Leadership Convention
July 20 2023 - 5:30PM
Business Wire
Lending enablement expert to give talk on $270
billion opportunity for credit unions.
Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the
“Company”), an industry trailblazer in lending enablement and risk
analytics solutions for financial institutions, today announced
Chief Revenue Officer Matt Roe will give a presentation entitled
Less Risk, More Reward: The Untapped Opportunity for Auto Lenders
at the CU Leadership Convention in Las Vegas. The presentation will
take place Thursday, July 27, at 10:15 a.m. PT.
Roe’s presentation will focus on the opportunity for credit
unions to offer auto loans to underserved near-prime and non-prime
borrowers, a market sector estimated at $270 billion annually. Amid
increased liquidity constraints, heightened regulations, and
shrinking profit margins, Roe will provide actionable insights for
credit union leaders to securely expand their borrower base and
drive ROA attainment using advanced risk analytics and pricing
tools. Additionally, the session will feature new data from Open
Lending’s recently released Loans Within Reach: Lending Enablement
Benchmark 2023, including tactics to improve auto loan decisioning
while mitigating risk.
Following the presentation, Roe will participate in the
marketing and branding summit Tech Demo: 4 Solutions Providers
Unveil their Newest Innovations. Joined by representatives from
Interface.ai, Digital Onboarding and Abrigo, Roe will reveal how
credit unions can earn up to 3-5 times higher ROA on near-prime and
non-prime auto loan opportunities compared to prime loans. The
summit will be held Thursday, July 27, 11:45 a.m. PT.
Register here to attend the CU Leadership Convention.
To learn more about Open Lending, visit booth 410 at the CU
Leadership Convention or visit www.openlending.com.
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based
pricing, risk modeling and default insurance to auto lenders
throughout the United States. For over 20 years we have been
empowering financial institutions to create profitable auto loan
portfolios with less risk and more reward. For more information,
please visit www.openlending.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230720865987/en/
Alison Smith for Open Lending openlending@ink-co.com
Investor Relations Inquiries openlending@icrinc.com
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