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Regional settings| Spread | 0.05 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 5.08 |
| Open | 5.08 |
| 1-Year Change | -27.53% |
| Day's Range | 5.08 - 5.14 |
Open Lending Corporation is a provider of loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders throughout the United States. The Company provides lending enablement and risk analytics to credit unions, regional banks, and the captive finance companies of original equipment manufacturer (OEM). It also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on those automotive loans. Its Lenders Protection Program (LPP) is an automotive lending program designed to underwrite default insurance on loans made to near-prime and non-prime borrowers. LPP uses risk-based pricing models combined with loan default insurance provided by third-party insurers. LPP enables automotive lenders to assess the credit risk of a potential borrower using data driven analysis, enabling the lender to generate an all-inclusive, insured, interest rate for a loan for the borrower. It caters to 396 lenders.
BRIEF: For the fiscal year ended 31 December 2021, Open Lending Corp revenues increased 98% to $215.7M. Net income applicable to common stockholders totaled $146.1M vs. loss of $90.7M. Revenues reflect Program fees increase from $44M to $133.2M, Profit share increase of 25% to $75.6M, Claims administration and other service increase of 51% to $6.8M. Net Income reflects Change in fair value of contingent consi decrease from $131.9M (expense) to $0K.
