Lending enablement expert to give talk on $270 billion opportunity for credit unions.
Open Lending Corporation, an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, announced Chief Revenue Officer Matt Roe will give a presentation entitled Less Risk, More Reward: The Untapped Opportunity for Auto Lenders at the CU Leadership Convention in Las Vegas.
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Roe’s presentation will focus on the opportunity for credit unions to offer auto loans to underserved near-prime and non-prime borrowers, a market sector estimated at $270 billion annually. Amid increased liquidity constraints, heightened regulations, and shrinking profit margins, Roe will provide actionable insights for credit union leaders to securely expand their borrower base and drive ROA attainment using advanced risk analytics and pricing tools. Additionally, the session will feature new data from Open Lending’s recently released Loans Within Reach: Lending Enablement Benchmark 2023, including tactics to improve auto loan decisioning while mitigating risk.
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Following the presentation, Roe will participate in the marketing and branding summit Tech Demo: 4 Solutions Providers Unveil their Newest Innovations. Joined by representatives from Interface.ai, Digital Onboarding and Abrigo, Roe will reveal how credit unions can earn up to 3-5 times higher ROA on near-prime and non-prime auto loan opportunities compared to prime loans.
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