The Work Index by Flexa

Open Lending

Open Lending is an automated lending platform provider specializing in auto loan analytics, risk-based pricing, and default insurance for financial institutions.

https://www.openlending.com/
5.7

/10

Transparency ranking

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Description

Open Lending is an industry leader in automotive lending enablement and risk analytics solutions, specifically for financial institutions across the United States. The company, headquartered in Austin, Texas, specializes in loan analytics, risk-based pricing, risk modeling, and automated decision technology, with a particular focus on near-prime and non-prime borrowers. Open Lending's flagship program, Lenders Protection™, allows lenders to expand their loan portfolio while mitigating risk by providing accurate pricing, loan structuring, automated decisioning, and default insurance.

Open Lending prioritizes both financial success and social responsibility by promoting access to credit for underserved borrowers. Their mission is to make transportation affordable and transform the auto lending industry through data-driven insights and cutting-edge technology. By partnering with lenders and providing solutions for a wider range of borrowers, Open Lending helps create a more equitable and accessible automotive lending landscape.

Flexibility

Open Lending offers a casual and fun work environment with a competitive compensation package. Benefits include medical, dental, vision, disability, 401(k), and unlimited PTO. The company fosters a collaborative work environment that is helpful, supportive, and encourages success.

Benefits

Open Lending offers a casual and fun work environment with a competitive compensation package. Additional benefits include medical, dental, vision, disability, 401(k), and unlimited PTO. The company has consistently been named one of the best places to work in Austin for the last decade, demonstrating their commitment to fostering a collaborative and supportive work environment that encourages success.

Enhanced parental leave

Mission

Open Lending is an automated lending platform that provides loan analytics, risk-based pricing, and default insurance to auto lenders throughout the United States. The company's mission is to make transportation affordable by transforming the auto lending industry through data analytics and cutting-edge technology.

Automation
Data-driven
Disruptor
Social impact led
Tech for good

Culture

Open Lending cultivates a casual, collaborative, and supportive work environment, emphasizing teamwork and mutual respect. They pride themselves on being a company that values innovation and quality, creating unique solutions for their customers and the consumers they serve. This is reflected in their commitment to employee-centric practices and a competitive compensation package that includes unlimited PTO.

Agile and dynamic
Collaborative
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive

DE&I

Open Lending prioritizes diversity, equity, and inclusion by fostering a welcoming and collaborative work environment. They strive to create an inclusive culture that values respect, humility, teamwork, and innovation, fostering a supportive and rewarding workplace for all employees. This commitment to DEI is reflected in their recruitment practices, employee development programs, and ongoing efforts to create a diverse and equitable workplace.

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