Movera has teamed up with the Open Property Data Association (OPDA) to enhance the digital homebuying process by sharing property information in the mortgage and property industries.
Movera aims to improve transparency and reduce the administrative workload, creating a quicker and more straightforward transaction process.
The partnership supports OPDA’s push for open data standards, with major mortgage lenders like NatWest Group, HSBC, Nationwide, and Lloyds Banking Group joining last year.
Movera’s involvement adds to the momentum for digitisation and customer-focused solutions in the sector.
OPDA and Movera previously called for clear guidance to effectively implement a fully digital system and are urging the Government to follow through on its pledge.
OPDA has introduced open property data standards that allow efficient and secure data sharing.
Organisations using these standards for digital property packs have reduced the timeline from mortgage offer to contract exchange to as little as 15 days.
Andrew Taylor (pictured), chief technology officer at Movera, said: “Joining OPDA represents a significant milestone in our mission to simplify and streamline the home-moving process.
“We are committed to leveraging technology to create a more seamless and transparent experience for homebuyers.”
Taylor added: “By working alongside OPDA and its members, we aim to accelerate the adoption of digital services that will drive greater efficiency and improve customer outcomes across the industry.
“With OPDA’s framework, we can ensure that critical property data is accessible, accurate, and secure, which will benefit both customers and industry professionals alike.”
Maria Harris, chair of OPDA, said: “Movera’s membership is another step forward in transforming the home-buying process.
“Their expertise in streamlining transactions and commitment to innovation align perfectly with OPDA’s goals.
“Along with the work of our other members, Movera will help drive the adoption of open data standards, reducing inefficiencies and improving what is currently a frustrating experience for homebuyers.”
