| Open Lending is an Austin-based
private automated loan decisioning company. The Open Lending
Platform is the most affordable, comprehensive
automated decisioning software platform and risk management software
available. Open Lending's business model centers around helping
financial institutions maximize the value of existing customers
and
reduce new customer acquisition cost by providing financial
institutions
with the software tools necessary to automate their core lending
process. This process begins when a referring institution elects
not to
fund a specific loan; at this point, the consumer's information
is
instantly and anonymously compared against the secondary lenders'
criteria and real time offers are made either directly to the
consumer
or to the referring institution for purchase of the loan.
Venio Capital Partners provided Series B capital financing
to Open
Lending in September of 2003. |
 |
Austin Texas
www.openlending.com |
