Digital solutions provider e4 Strategic has joined the Open Property Data Association (OPDA) to support the streamlining of property data between conveyancers, lenders and other stakeholders in the homebuying process.
The company, which recently launched digital conveyancing platform VERSA, said OPDA’s goals ‘fit perfectly’ with its mission to improve digital solutions and infrastructure in the post-offer conveyancing process.
CEO Simon Slater added:
“Fragmented systems, duplicated data and poor visibility are still costing the industry time and money, as well as creating real stress and frustration for consumers across the UK.
“The only way we are going to succeed is to work together through open collaboration and with all the core participants and systems talking to one another. The work that the OPDA is doing is vital in this regard, in terms of the sharing of trusted property data.
“From our perspective we are building VERSA to integrate with the wider digital property landscape so the OPDA’s work gives us a clear and workable collaborative path to making that happen. These are exciting times for everyone in the industry.”
OPDA chair Maria Harris said the organisation is looking forward to seeing how VERSA will improve the transaction experience. She commented:
“The industry is crying out for connected and truly integrated digital solutions that are committed to data, trust, and interoperability. Implementing the UK’s first open-source data standard proved the ambition and dedication of our members, and our current work streams, including delivery of the Smart Data Challenge prototype, will elevate this to drive further change in the industry.
“We’re delighted that e4 Strategic have joined us to help drive these charges and to show how their platform can enable a better experience.”
OPDA was founded in June 2023 to create and promote open-source data and trust standards across the property and mortgage sectors. By ensuring a consistent approach to digitisation and safe sharing of smart property data, it aims to deliver a more efficient, secure and user-friendly experience for both consumers and professionals.
Since its inception, OPDA members – who include estate agents, conveyancers, mortgage providers and technology firms – have collaborated to transform homebuying through implementation of standards.
‘The OPDA mission to digitise homebuying, aligned with the recent legislation and government announcements on Smart Data and Trust Frameworks, is spearheading the radical change that customers want to see in the homebuying and mortgage process’, the organisation said.
One Response
Yet more digital nonsense which is going to do nothing about the fact that many solicitors are paying referrals for their income streams, not acting in the best interests of the clients.
Lies and yet more lies about 1.5 million homes being built, with no one standing up to the developers who are forcing people to hand over money for badly built and half-done jobs on new homes.
Get a grip people. Digitisation is not the problem.