Open Lending Corp (NAS:LPRO)
$ 6.735 0.38 (5.97%) Market Cap: 803.17 Mil Enterprise Value: 656.83 Mil PE Ratio: 159.00 PB Ratio: 3.50 GF Score: 85/100

Open Lending Corp at Deutsche Bank Virtual Technology Conference Transcript

Sep 15, 2020 / 01:00PM GMT
Release Date Price: $22.21 (+3.25%)
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

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