{"id":403995,"date":"2020-12-21T16:08:11","date_gmt":"2020-12-21T21:08:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403995"},"modified":"2020-12-21T16:08:11","modified_gmt":"2020-12-21T21:08:11","slug":"open-lending-signs-interra-credit-union-to-the-lenders-protection-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\/","title":{"rendered":"Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program"},"content":{"rendered":"<h2>\nInterra CU partners with Open Lending to meet more members\u2019 auto loan needs<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">AUSTIN, Texas, Dec.  21, 2020  (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that Interra Credit Union, a $1.3 billion institution based in Goshen, IN, has signed with Open Lending to implement their Lenders Protection\u2122 program.<\/p>\n<p>\u201cThe members\u2019 needs are always the top priority at Interra,\u201d said David Dekker, SVP of Consumer Services at Interra Credit Union. \u201cWe are excited about our partnership with Open Lending as it will allow us to serve more members, which is paramount to our mission of being our members\u2019 most trusted and valued financial resource.\u201d<\/p>\n<p>Open Lending\u2019s flagship product, Lenders Protection\u2122, is a unique auto lending enablement platform. It utilizes proprietary data and advanced decisioning analytics to provide lenders with a powerful way to increase near and non-prime auto loan volumes, without adding significant risk to their auto loan portfolio. Lenders Protection\u2122 allows auto lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.<\/p>\n<p>\u201cIt is a critical focus at Open Lending to help institutions serve more members,\u201d said\u00a0Matt Roe, Chief Revenue Officer at Open Lending. \u201cThe Lenders Protection\u2122 program will support Interra\u2019s mission to meet more members\u2019 needs while strengthening their reputation as a trusted financial partner.\u201d<\/p>\n<p>\n        <strong>About Open Lending<\/strong><br \/>\n        <br \/>Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For 20 years they have been empowering financial institutions to create profitable auto loan portfolios by saying \u201cyes\u201d to more automotive loans. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OOIp07ETwNPwbFni1tjdw4uOrZOch0iMNz2YYxA9DP3x8vmVRt7qqlFjboWh3FX06De6GzclXstiuyeOCR-uX_wrPbB8LWkXS6oNP1mhGJo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.openlending.com<\/a>.<\/p>\n<p>\n        <strong>Interra Credit Union<\/strong><br \/>\n        <br \/>At Interra Credit Union, we believe it is important to give life to the words- to \u201cwalk the talk\u201d in the products and services we provide and in the way we serve our members. We believe that we are also part of a \u201cbigger picture\u201d in the credit union movement. And, we believe we need to give back to our communities for the privilege of doing business. The difference shows.<\/p>\n<p>\n        <strong>Media Contact<br \/><\/strong>Ginny Goertz | ggoertz@openlending.com\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTg3MSMzODkxNDY3IzIxOTcwMjU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/db704a0e-9116-4afc-bd9d-ff46f095cca1\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Interra CU partners with Open Lending to meet more members\u2019 auto loan needs AUSTIN, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that Interra Credit Union, a $1.3 billion institution based in Goshen, IN, has signed with Open Lending to implement their Lenders Protection\u2122 program. \u201cThe members\u2019 needs are always the top priority at Interra,\u201d said David Dekker, SVP of Consumer Services at Interra Credit Union. \u201cWe are excited about our partnership with Open Lending as it will allow us to serve more members, which is paramount to our mission of being our members\u2019 most trusted and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403995","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Interra CU partners with Open Lending to meet more members\u2019 auto loan needs AUSTIN, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that Interra Credit Union, a $1.3 billion institution based in Goshen, IN, has signed with Open Lending to implement their Lenders Protection\u2122 program. \u201cThe members\u2019 needs are always the top priority at Interra,\u201d said David Dekker, SVP of Consumer Services at Interra Credit Union. \u201cWe are excited about our partnership with Open Lending as it will allow us to serve more members, which is paramount to our mission of being our members\u2019 most trusted and &hellip; Continue reading &quot;Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T21:08:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTg3MSMzODkxNDY3IzIxOTcwMjU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program\",\"datePublished\":\"2020-12-21T21:08:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/\"},\"wordCount\":393,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNTg3MSMzODkxNDY3IzIxOTcwMjU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-interra-credit-union-to-the-lenders-protection-program\\\/\",\"name\":\"Open Lending Signs Interra Credit Union to the Lenders Protection\u2122 Program - 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