Company Open Lending Corporation

Equities

LPRO

US68373J1043

Professional Information Services

Market Closed - Nasdaq 04:00:00 2024-07-18 pm EDT 5-day change 1st Jan Change
6.33 USD -4.67% Intraday chart for Open Lending Corporation +7.11% -25.62%

Business Summary

Open Lending Corporation is a provider of lending enablement and risk analytics to credit unions, regional banks, finance companies and the captive finance companies of automakers. The Company provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. It targets the financing needs of near-prime and non-prime borrowers, or borrowers with a credit bureau score generally between 560 and 699. Lenders Protection platform (LPP), the Company's flagship product, is a cloud-based automotive lending platform. LPP supports the full transaction lifecycle, including credit application, underwriting, real-time insurance approval, settlement, servicing, invoicing of insurance premiums and fees and advanced data analytics of the automotive lender's portfolio under the program. Its risk models project loan performance, including expected losses and prepayments, in arriving at the optimal rate. It serves around 454 active lenders.

Number of employees: 210

Sales per Business

USD in Million2022Weight2023Weight Delta
Program Fees
54.6 %
81 44.9 % 64 54.6 % -20.49%
Profit Share
36.9 %
90 50.1 % 43 36.9 % -51.92%
Claims Administration and Other Service Fees
8.6 %
9 5.0 % 10 8.6 % +12.77%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
180 100.0 % 117 100.0 % -34.60%

Managers

Managers TitleAgeSince
Founder 68 99-12-31
Chief Executive Officer 55 20-08-27
Chief Tech/Sci/R&D Officer 41 19-10-31
Compliance Officer 51 20-12-31
Sales & Marketing - 23-01-25
Corporate Officer/Principal 41 06-12-31
Comptroller/Controller/Auditor 56 21-07-31
Corporate Officer/Principal - 22-11-08

Members of the board

Members of the board TitleAgeSince
Director/Board Member 64 20-08-27
Director/Board Member 53 20-06-09
Director/Board Member 42 16-02-29
Director/Board Member 49 15-12-31
Founder 68 99-12-31
Chairman 53 20-08-04
Director/Board Member 57 20-08-04
Director/Board Member 39 23-07-13

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 128,212,132 100,842,487 ( 78.65 %) 9,047,024 ( 7.056 %) 78.65 %

Shareholders

NameEquities%Valuation
Wasatch Advisors LP
13.51 %
16,094,115 13.51 % 90 M $
T. Rowe Price International Ltd.
9.027 %
10,756,601 9.027 % 60 M $
Vanguard Fiduciary Trust Co.
7.926 %
9,444,711 7.926 % 53 M $
True Wind Capital Management LP
6.332 %
7,545,144 6.332 % 42 M $
Working Capital Advisors (UK) Ltd.
6.264 %
7,463,991 6.264 % 42 M $
BlackRock Advisors LLC
5.555 %
6,619,564 5.555 % 37 M $
3,541,860 2.972 % 20 M $
Cannell Capital LLC
2.097 %
2,498,809 2.097 % 14 M $
2,475,402 2.077 % 14 M $
John Flynn
1.940 %
2,311,424 1.940 % 13 M $

Company contact information

Open Lending Corp.

1501 South MoPac Expressway Suite 450

78746, Austin

+

http://www.openlending.com
address Open Lending Corporation(LPRO)
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