Sep 15, 2020 / 01:00PM GMT
Ashish Sabadra - Deutsche Bank AG, Research Division - Research Analyst
Good morning, everyone. I'm Ashish Sabadra, senior analyst at DB, covering business and information services. We are excited to host John, CEO; Ross, the COO; and Chuck, CFO of Open Lending.
John, if we can kick off the conversation with just a discussion of the Open Lending's lending protection program (sic) [Lenders Protection program], the proprietary platform and the value proposition to both the auto lenders as well as the insurance providers.
John Joseph Flynn - Open Lending Corporation - Co-Founder, Chairman & CEO
Sure thanks, Ashish. We -- here at Open Lending, what we do is provide a specialized lending platform that, to Ashish's point, allows near prime consumers to get into a much better priced auto loan by providing the financial institution the appropriate data they need to underwrite that loan. And what we do is we backstop every loan that gets funded through these banks, OEMs and credit unions with a default insurance policy that allows the financial institution
Open Lending Corp at Deutsche Bank Virtual Technology Conference Transcript
Sep 15, 2020
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