Open Lending provides loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders throughout the U.S., which allows each lending institution to book incremental near-prime and non-prime automotive loans out of their existing business flow. Co. also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on those automotive loans. Co.'s product LPP, is an automotive lending program designed to underwrite default insurance on loans made to near-prime and non-prime borrowers. The program uses risk-based pricing models and links automotive lenders and insurance companies.