Name | Value |
---|---|
Revenues | 50.7M |
Cost of Revenue | 5.2M |
Gross Profit | 45.5M |
Operating Expense | 17.7M |
Operating I/L | 27.8M |
Other Income/Expense | -1.5M |
Interest Income | 0.3M |
Pretax | 26.3M |
Income Tax Expense | 1.7M |
Net Income/Loss | 24.5M |
Open Lending Corporation provides lending enablement and risk analytics solutions to financial institutions in the United States. Its flagship product, the Lenders Protection Program (LPP), is a Software as a Service platform that facilitates loan decision making and automated underwriting for third-party lenders. The LPP also enables the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders.