Risk-based pricing

Open Lending Partners with Kasasa to Launch Take-Back™ Feature for Auto Loans

Retrieved on: 
Thursday, July 23, 2020
Technology, Mobile, Wireless, Finance, Consulting, Banking, Other Technology, Professional services, Software, Other Professional Services, Money, Finance, Loans, Economy, Kasasa, Ltd., Risk-based pricing, Predatory lending, Open Lending, Kasasa

Together, Kasasa and Open Lending will provide community financial institutions the ability to automatically approve a greater volume of auto loans.

Key Points: 
  • Together, Kasasa and Open Lending will provide community financial institutions the ability to automatically approve a greater volume of auto loans.
  • Open Lending works exclusively with automotive lenders by providing loan analytics, risk-based pricing, risk modeling and automated decision technology.
  • Through its partnership with Kasasa, Open Lending customers will have access to the Kasasa Loan, the only loan with Take-Backs, which allows borrowers to pay ahead to reduce debt, but take the extra funds back if they need it.
  • Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States.

Open Lending Signs US Eagle FCU to Lenders Protection™ Program

Retrieved on: 
Tuesday, July 14, 2020
Economy, Money, Finance, Loans, Risk-based pricing

They announced today that US Eagle Federal Credit Union, a $1.1 billion institution based in Albuquerque, NM, has signed with Open Lending to implement their Lenders Protectionprogram.

Key Points: 
  • They announced today that US Eagle Federal Credit Union, a $1.1 billion institution based in Albuquerque, NM, has signed with Open Lending to implement their Lenders Protectionprogram.
  • Open Lending's flagship product, Lenders Protection, is a unique auto lending enablement platform.
  • President/CEO of Open Lending, John Flynn, said, "We are pleased to have US Eagle sign with Open Lending.
  • Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States.

National MI’s Risk-Based Pricing Tool, Rate GPS, Now Available on FinConnect

Retrieved on: 
Thursday, August 1, 2019
Money, Finance, Mortgage, Loans, Mortgage insurance, Mortgage loan, Lenders mortgage insurance, Risk-based pricing

EMERYVILLE, Calif., Aug. 01, 2019 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI) , a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), announced that lenders using Tavant VELOXs FinConnect integration platform for the financial services industry can now access Rate GPS, National MIs unique risk-based pricing tool, when pricing private mortgage insurance products.

Key Points: 
  • EMERYVILLE, Calif., Aug. 01, 2019 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI) , a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), announced that lenders using Tavant VELOXs FinConnect integration platform for the financial services industry can now access Rate GPS, National MIs unique risk-based pricing tool, when pricing private mortgage insurance products.
  • Over the past few months, Tavant and National MI collaborated to build new features within FinConnects private mortgage insurance rate connector that support risk-based mortgage insurance pricing.
  • As a result, lenders using FinConnect can now access Rate GPS, National MIs risk-based pricing platform, which assesses a variety of loan characteristics to more closely align National MIs premium rates to the risk associated with individual loans.
  • National MI is very pleased that Rate GPS is now an option for lenders on the FinConnect platform, which gives lenders a seamless, digital experience when pricing mortgage insurance, said Mike Dirrane, chief sales officer and senior managing director with National MI.