"We aim to accelerate the adoption of digital services that will drive greater efficiency and improve customer outcomes across the industry. "
- Andrew Taylor, chief technology officer at Movera
Movera has joined the Open Property Data Association (OPDA) to support the sharing of digital property information across the mortgage and property industries.
Movera provides digital tools and services to help improve the homebuying process. By integrating with the OPDA’s open data standards, Movera aims to enhance transparency, reduce administrative burdens, and create a faster, more customer-friendly transaction process.
Mortgage lenders NatWest Group, HSBC Nationwide and Lloyds Banking Group joined the OPDA last year, alongside members such as Atom Bank, MAB, and Coadjute.
The OPDA and Movera have both advocated for clear guidance on how to implement a fully digital homebuying system effectively and now urge the Government to follow through on its recent commitment to digitising the homebuying process.
The OPDA has already delivered open property data standards that enable trustable and efficient sharing of data. Organisations using the data standards for digital property packs have seen the timeline from mortgage offer to exchange of contracts shrink to as little as 15 days.
Andrew Taylor, 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. 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, added: “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.”
