Open Lending Corp. will have a new chief financial officer in place on Aug. 18.

The provider of automotive lending and risk analytics solutions for financial institutions recently appointed Massimo Monaco as its incoming CFO, an executive who will bring more than two decades of executive finance leadership experience in the residential mortgage lending and financial services industries.

Open Lending highlighted Monaco is known for “driving change, strengthening financial discipline, and building strong partnerships with internal and external stakeholders.”

Most recently, Monaco served as chief financial officer of Arc Home, a residential mortgage lender, from 2018 to 2025, following his role as CFO at American Financial Resources from 2016 to 2018.

“Massimo’s extensive background in financial services and mortgage lending paired with his proven ability to develop and execute on the strategic vision of leadership teams make him an excellent addition to Open Lending’s executive management team,” Open Lending CEO Jessica Buss said in a news release.

“His deep industry expertise and financial leadership will be invaluable as we continue to drive growth across our platform. We’re confident in the talent we have in place and look forward to working with Massimo during this exciting time for Open Lending,” Buss continued.

Monaco’s background also includes various senior finance positions at PHH Corp., one of the largest outsourcers of home loans in the United States.

“I am excited to join Open Lending at this pivotal moment in the company’s journey,” Monaco said. “Open Lending’s innovative approach to lending enablement and risk analytics has established it as a trusted partner to financial institutions nationwide while enabling better results for both lenders and borrowers.

“I look forward to working with the team to drive continued growth and value creation for our stakeholders while furthering the company’s mission to serve the underserved,” he went on to say.