Movera has joined the Open Property Data Association (OPDA) as part of its efforts to enhance transparency and efficiency in the homebuying process through the sharing of digital property information.
By integrating with OPDA’s open data standards, Movera aims to reduce administrative burdens and improve the speed and clarity of property transactions across the mortgage and property sectors.
The move aligns with growing industry momentum toward digitisation, as major lenders including NatWest Group, HSBC, Nationwide, and Lloyds Banking Group have also joined OPDA in the past year, alongside organisations such as Atom Bank, Mortgage Advice Bureau (MAB), and Coadjute.
PUSH FOR INDUSTRY-WIDE DIGITISATION
The UK Government has recently pledged to accelerate the digitisation of homebuying, a move that both OPDA and Movera have long advocated for. OPDA has already developed open property data standards designed to improve the efficiency and reliability of property transactions.
These standards have enabled organisations to reduce transaction times significantly, with some digital property packs cutting the time from mortgage offer to exchange of contracts to as little as 15 days. OPDA continues to call for the government to provide clear implementation guidance to support a fully digital homebuying system.
DRIVING EFFICIENCY AND TRUST IN PROPERTY TRANSACTIONS
Andrew Taylor, chief technology officer at Movera, said the partnership marks an important step in the company’s mission to simplify the home-moving process.
“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, welcomed Movera’s involvement, highlighting its role in advancing open data standards.
“Movera’s membership is another step forward in transforming the homebuying 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.”
As the property industry continues to embrace digitisation, OPDA is urging the government to implement measures that will deliver property data digitally at source and provide further clarity on creating a fully digital homebuying market.
