Click2Check, a credit and anti-money laundering check and Open Banking provider, is the newest member of the Open Property Data Association (OPDA).
Designed for solicitors, estate agents, financial advisers and mortgage intermediaries, Click2Check provides a client’s credit report, digital anti-money laundering and identity verification reports, and Open Banking transactional data reports in one place.
The provider aims to fast-track background checks, combining all relevant information and enabling access within minutes – a goal which aligns with OPDA’s objectives to implement open data standards and encourage data sharing.
“OPDA’s mission aligns perfectly with our belief that digitising the homebuying process will revolutionise the customer experience, improve property buying and reduce the time taken to get a mortgage,” said Click2Check CEO Dave Jones (pictured).
“I have seen first hand the inefficient nature of mortgage processing over 20 years of supplying business solutions to the mortgage sector. My wife, who worked as a mortgage adviser, would spend countless hours chasing bank and credit information only to find that, when it eventually came, it was not a true reflection of the client’s financial health.
“This problem was widespread, so as a result, we developed a faster, more secure and more accurate process for obtaining this vital information – which led to the creation of Click2Check.”
“Organisations such as Click2Check who share our goals help us to turn our mission into a practical solution,” said OPDA chair Maria Harris.
“We are continuing our mission to transform and improve the home buying and selling process. This is gaining support across government and increasingly, through our growing number of members. The more members we gain from all parts of the housing industry, the more quickly the digitisation of transparent, secure and sharable data will be a reality.”
The free and open-source tools promoted by OPDA have been created and tested in collaboration with every sector across the property industry. The organisation says providers using its data standards for digital property packs have seen the time reduced from mortgage offer and purchase accepted to exchange of contracts within 15 days.
Jones added:
“It is important more organisations join the OPDA to contribute to what they are trying to achieve for the benefit of all.”
