Tech Predictions And Advice For Lenders In 2024 And Beyond [Forbes]
Open Lending Corporation - Class A (LPRO)
Company Research
Source: Forbes
Financial institutions across the country tightened lending standards as loan demand fell. Liquidity became elusive. With 2024 well underway, we have a cautiously optimistic economic outlook. With inflation trending down and experts expecting the Fed to ease up on interest rates, lenders should ensure their technology is ready to take on the year and drive portfolio recovery. Is your lending ecosystem responsive enough to handle a potential influx of loan applications? Are you positioned to compete with your lending peers? Is it easy for customers to review refinance options? Tech Predictions Lenders Should Consider As finance leaders work to crack these riddles, technology managers can target inefficiencies and improve portfolio outcomes. Consider these predictions to guide your lending tech strategy in 2024 and the years ahead. 1. An increase in loan demand will require automation. As inflation slowly ticks down, some experts expect used vehicle prices to decline with it. Th
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News
- Credit Scores Are Rising for Millennials and Gen Z — What Boomers Can Learn From Them [Yahoo! Finance]Yahoo! Finance
- OneAZ's Launch of Credit Flex Auto Program Backed by Open Lending [Yahoo! Finance]Yahoo! Finance
- OneAZ’s Launch of Credit Flex Auto Program Backed by Open LendingBusiness Wire
- Open Lending to Announce First Quarter 2024 Results on May 7, 2024GlobeNewswire
- Near- and Non-Prime Consumers At Risk of Being Priced Out of the Vehicle Market, Open Lending Research Finds [Yahoo! Finance]Yahoo! Finance
LPRO
Earnings
- 2/27/24 - Miss
LPRO
Sec Filings
- 4/16/24 - Form 4
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- LPRO's page on the SEC website