Open Property Data Association (OPDA) has welcomed L&C Mortgages as its latest member.
The firm is now moving further towards digitising its processes and increasing transparency over property data in the mortgage application process.
Adam Connolly, chief commercial officer at L&C Mortgages, said: “Our aim is to make the mortgage journey as smooth as possible for our customers but we know that the processes in the housing market need greater collaboration if we are to further evolve the speed and efficiency of the buying process.
“That’s why we are excited to join OPDA to add our weight and effort to the progress they have already made, establishing the standards that will ultimately drive a more joined up and digitised approach.”
Maria Harris, chair of OPDA, said: “This is a fantastic time to announce that L&C have joined us.
“The positive impact of reusable property, identity, and finance data in the mortgage advice and homebuying process is irrefutable.
“Having accurate and trustable smart data is paramount in creating consumer confidence and delivering certainty in the mortgage and property market.”
Harris added: “L&C joining us as we embark on the next steps for smart data and following the publication of our consumer survey report is excellent news and will enable their customers and lenders to access digital property data.”
