{"id":413016,"date":"2021-01-12T08:33:12","date_gmt":"2021-01-12T13:33:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413016"},"modified":"2021-01-12T08:33:12","modified_gmt":"2021-01-12T13:33:12","slug":"open-lending-signs-royal-credit-union-to-the-lenders-protection-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\/","title":{"rendered":"Open Lending Signs Royal Credit Union to the Lenders Protection\u2122 Program"},"content":{"rendered":"<h2>\nRoyal CU partners with Open Lending to grow their auto loan portfolio<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>AUSTIN, Texas, Jan.  12, 2021  (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. The company announced today that Royal Credit Union, a $3.3 billion institution based in Eau Claire, WI, has selected Open Lending\u2019s Lenders Protection\u2122 program to help grow their auto lending portfolio.<\/p>\n<p>\u201cRoyal Credit Union is a values-driven organization focused on making a positive impact in the lives we touch,\u201d said Mike Dill, EVP-Chief Lending Officer at Royal Credit Union. \u201cWe are excited to partner with Open Lending to meet the needs of our Members and strengthen our position as a trusted and valued financial partner.\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 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>\u201cWe are proud to partner with Royal CU in their mission to be a positive force in their members\u2019 lives,\u201d said\u00a0Matt Roe, Chief Revenue Officer at Open Lending. \u201cThe Lenders Protection\u2122 program\u2019s robust analytics will allow them to strengthen relationships with members by offering competitive rates, while still increasing auto loan volume and yields.\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=9A9sI3sGhr8DXi8LHzED4WqAOr-fDYDtip14cXu8w5aUk9TJcT1LMlW1E1M4DtYoJ1h6VEw1AtIkJG7QvdG8cqOugKO3LlaVW354Rm3rXN0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.openlending.com<\/a>.<\/p>\n<p>\n        <strong>Royal Credit Union<\/strong><br \/>\n        <br \/>Royal Credit Union is a federally insured credit union proudly serving over 220,000 Members in Minnesota and Wisconsin. Royal is driven by a core ideology built on a strong purpose and values. You can open an account or apply for a low-rate loan at Royal Credit Union if you live or work in 26 counties in western Wisconsin or 16 counties in Minnesota. Counties served in Wisconsin include Adams, Ashland, Bayfield, Barron, Buffalo, Burnett, Chippewa, Clark, Douglas, Dunn, Eau Claire, Jackson, Lincoln, Marathon, Pepin, Pierce, Polk, Portage, Price, Rusk, Sawyer, St. Croix, Taylor, Trempealeau, Washburn, and Wood.\u00a0Counties served in Minnesota include Anoka, Carver, Chisago, Dakota, Goodhue, Hennepin, Isanti, Olmsted, Pine, Ramsey, Scott, Sherburne, Wabasha, Washington, Winona and Wright. Realtors in the state of Wisconsin or Minnesota are also eligible to join the credit union. Visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2xglYKu7U242XeSyrv_lXXC-GVUgQVcEmt-UdOX_6F4AMCnepYbhoydT-U317ys7\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>rcu.org<\/strong><\/a>\u00a0or call Royal Credit Union at 800-341-9911 for more information.<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Ginny Goertz | ggoertz@openlending.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzk5MCMzOTEzOTQ1IzIxOTcwMjU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/00a008ea-7621-4ec1-87de-fd622b15aa56\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Royal CU partners with Open Lending to grow their auto loan portfolio AUSTIN, Texas, Jan. 12, 2021 (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. The company announced today that Royal Credit Union, a $3.3 billion institution based in Eau Claire, WI, has selected Open Lending\u2019s Lenders Protection\u2122 program to help grow their auto lending portfolio. \u201cRoyal Credit Union is a values-driven organization focused on making a positive impact in the lives we touch,\u201d said Mike Dill, EVP-Chief Lending Officer at Royal Credit Union. \u201cWe are excited to partner with Open Lending to meet the needs of our Members and strengthen our position as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Open Lending Signs Royal 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-413016","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 Royal 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-royal-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 Royal Credit Union to the Lenders Protection\u2122 Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Royal CU partners with Open Lending to grow their auto loan portfolio AUSTIN, Texas, Jan. 12, 2021 (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. The company announced today that Royal Credit Union, a $3.3 billion institution based in Eau Claire, WI, has selected Open Lending\u2019s Lenders Protection\u2122 program to help grow their auto lending portfolio. \u201cRoyal Credit Union is a values-driven organization focused on making a positive impact in the lives we touch,\u201d said Mike Dill, EVP-Chief Lending Officer at Royal Credit Union. \u201cWe are excited to partner with Open Lending to meet the needs of our Members and strengthen our position as &hellip; Continue reading &quot;Open Lending Signs Royal Credit Union to the Lenders Protection\u2122 Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T13:33:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzk5MCMzOTEzOTQ1IzIxOTcwMjU=\" \/>\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-royal-credit-union-to-the-lenders-protection-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Open Lending Signs Royal Credit Union to the Lenders Protection\u2122 Program\",\"datePublished\":\"2021-01-12T13:33:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\\\/\"},\"wordCount\":480,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMzk5MCMzOTEzOTQ1IzIxOTcwMjU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/open-lending-signs-royal-credit-union-to-the-lenders-protection-program\\\/\",\"name\":\"Open Lending Signs Royal Credit Union to the Lenders Protection\u2122 Program - 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