Open Lending Corporation was recently selected by OneAZ Credit Union (OneAZ) as their lending enablement solution for automotive loans. The partnership will help OneAZ expand access to auto loans for underserved populations of Arizona while also protecting the assets of its members with deposits from the downside risk of defaults on auto loans. OneAZ Credit Union, headquartered in Phoenix, Arizona and with over $3.4 billion in total assets, has been serving the banking needs of Arizonans for over 70 years and currently serves over 185,000 members through its 20 locations and online banking capabilities all backed by its 500 dedicated associates.

OneAZ will utilize Open Lending?s Lenders Protection? platform in their market under their Credit Flex Auto Program. The Lenders Protection platform provides loan analytics, risk-based pricing, risk modeling, and default insurance to automotive lenders throughout the United States.

This platform reduces risk, increases loan approvals, expands lending portfolios, and improves efficiency of the loan origination process. Through the Lenders Protection platform OneAZ will be able to evaluate and insure both direct and indirect auto loans for near- and non-prime borrowers. OneAZ?s initial launch of their Credit Flex Auto Program backed by the Lenders Protection platform began to roll out in their market during the week of April 15th.