Open Lending adds 71 financial institutions in 2021, certs jump 82% YoY in Q4
Automation fintech Open Lending continues to attract financial institutions to its platform as lenders look to expand their auto books ...
Tag: subprime
Listen: Weekly Wrap on the state of subprime and rental markets
In a market defined by elevated used-vehicle values and limited new- and used-inventory, both subprime lenders and rental car companies ...
Subprime rising: Lenders balance increased demand with affordability
Subprime lenders are taking action as used-vehicle values reach record highs and affordability remains a crucial concern by offering longer ...
Changing purchasing behaviors at auction leads to more affordable used-car inventory, Byrider CEO says
Buy-here-pay-here lender Byrider has shifted its buying behaviors and opened its purchasing pool at auctions to include vehicles that are ...
Arivo Acceptance to update risk model, doubles footprint to 20 states
Subprime lender Arivo Acceptance is gearing up to roll out an updated credit risk model as the company nearly doubles ...
Open Lending logs 138% YoY jump in certified loans, increased refi penetration
Automation fintech Open Lending posted year-over-year increases in its certified loans despite industry headwinds as refinance volume grew and more credit ...
DBRS upgrades 4 Arivo Acceptance ABS tranches
DBRS Morningstar has issued upgrades to both of Arivo Acceptance’s vintage 2019-1 and 2021-1 securitizations following positive collateral performance and ...
Ironhorse Funding COO Jon Krumdick talks powersports finance market growth
In its first three years, powersports lender Ironhorse Funding has grown its assets under management to more than $100 million, ...
