The OpenRoad Lending platform provides our Lending Partners access to non existing member direct-to-consumer purchase and refinance auto loans that they don’t have opportunity for today. The proprietary OpenRoad Lending technology does the heavy lifting and provides our partners access to loan packages that are Ready to Review and then boarded onto the Lender’s Platform. The OpenRoad model validates that each deal meets the lender’s eligibility criteria and is underwritten based on the Lending Partners Credit Policy.
The OpenRoad Lending Platform provides Lenders access to consumers who are in the market for a new or pre-owned auto loan or auto loan refinance through its extensive network of affiliate partners, online market expertise and targeted direct mail. OpenRoad sends the lender only loans that meet 100% of their credit and eligibility criteria in a Ready to Review and fund package. The OpenRoad process is so efficient that it virtually eliminates the majority of our Lending partners’ acquisition costs.
OpenRoad Lending provides its Lending Partners with an extremely efficient process to source and fund new loans customers and members. OpenRoad Lending is the leader in the Direct-to-Consumer space with over 50 years of collective experience originating hundreds of thousands of direct loans utilizing our proprietary technology and world class customer service and sales processes.
The OpenRoad Lending platform empowers Lenders and Consumers. Lenders who are wanting to add high quality auto loans to their portfolio look to OpenRoad to provide incremental loans and new members from sources they would not have access to.
Loans are sourced and originated under the OpenRoad brand, which in turn shields the lender for any conflict or interest with its indirect channel.
All loans are originated to the Lender’s exact specifications and are approved by the Lender prior to funding. Never will the Lender be obligated to fund a loans that does not meet both their membership eligibility and credit policy criteria.
Using proprietary, state of the art technology, OpenRoad Lending is able to offer consumers World Class customer service with a loan process that starts and finishes online in the comfort of their own home. The customer experience is all online, allowing a customer to apply and complete the loan process within a few hours. The result is a better informed and highly satisfied consumer.
Want to see more? Contact us at business@openroadlending.com to schedule an online demo or to speak to one of our account executives. You will be adding new members and funding high quality incremental auto loan receivables in no time.
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