TwentyCi has appointed mortgage technology specialist Spencer Wyer as its new chief product officer.
Wyer joins the residential property market intelligence provider after more than a decade in senior mortgage technology roles.
He will lead the company’s product strategy, with a focus on expanding its property intelligence offering for the mortgage lending sector.
His initial focus will be the development of a new AI-enhanced product designed to identify changes in local property markets before they are reflected in traditional valuation models.
TwentyCi said the platform will benchmark property listings, completed transactions and market behaviour against historical data to indicate the direction of local house prices in near real time, while using AI to identify potential drivers behind market movements.
TwentyCi said the product will give mortgage lenders, surveyors and other property professionals earlier indications of local market shifts, before they are reflected in industry-standard valuation models.
Wyer joins from CLSQ, where he was strategic development director.
Before that, he served as vice president of product and technology at Hometrack, having joined the business through its acquisition of EDM Group’s mortgage automation division, where he was chief technology officer and led the development of the Property Risk Hub.
Colin Bradshaw (pictured), chief executive of TwentyCi, said: “Spencer brings deep expertise in property data and applied analytics at a time when the sector is increasingly focused on more forward-looking, intelligence-led decision making.
“His role will be central to shaping how we translate complex market signals into practical insight for mortgage lenders, surveyors and the broader industry.”
Speaking about his appointment, Wyer said: “I am incredibly excited to join the TwentyCi team, which is well known for its brilliant Property & Homemover Report.
“It’s this trusted residential property market intelligence that we will bring to the mortgage lending sector as innovative AI-enhanced solutions to augment established automated and human-centric valuation services.
“We want to fortify and elevate the hard-won automation gains already achieved in the industry with solutions that focus on known industry gaps, such as near-real-time market price direction or decoding new build valuation.”
