Open Property Data Association welcomes four new members to drive digital transformation in home buying
The Open Property Data Association (OPDA) has announced the addition of four new member organisations—Novus Strategy & Consulting, Armalytix, Survey Shack, and Openproperty—in an effort to advance the digital transformation of the home buying process. These members will collaborate with existing OPDA participants to facilitate the sharing of digital property information across mortgage and property sectors.
Novus Strategy & Consulting, a firm specialising in digital transformation and strategic advisory for the home buying industry, works with a range of stakeholders including lenders, law firms, brokers, and vendors. Claire Van der Zant, CEO of Novus Strategy & Consulting, expressed enthusiasm about joining OPDA. Speaking to Mortgage Solutions, she said: “Novus is proud to join the Open Property Data Association (OPDA) in our shared mission to re-engineer the property industry for the benefit of all stakeholders, especially homebuyers and sellers. Being part of the OPDA and contributing to the development of open data and technology standards is not just an opportunity for Novus; it is a vital commitment. With a unique vantage point across the property ecosystem, Novus is in a prime position to support OPDA’s efforts and, through close collaboration with its members, facilitate the adoption of these standards. This will be key in driving Horizontal Digital Integration (HDI), unlocking new levels of growth and innovation across the industry.”
Armalytix is a data intelligence company that specialises in enabling consumers to share open banking and other data securely, while allowing firms to perform financial crime and social responsibility checks swiftly and efficiently. Its services aim to streamline compliance processes within the property and mortgage industries.
Survey Shack offers a self-survey smartphone application tailored for residential properties. The app provides guided condition assessments for sellers, buyers, and estate agents, thereby facilitating greater transparency and efficiency during property transactions.
Openproperty focuses on creating an end-to-end blockchain ecosystem designed to simplify and modernise property transactions. Maxine Wilson, CEO of Openproperty, highlighted the challenges within the current property transaction process. She said to Mortgage Solutions: “The property transaction process in this country has long been broken. Having spent over 30 years at the coalface of the industry, I can honestly say the experience for consumers has been nothing short of horrific. The stress, the delays, the red tape – it’s simply unacceptable in the 21st century. What excites me about OPDA is their laser focus on tackling the structural issues – not just the symptoms. Real change only comes when we get to the root of the problem, and OPDA is doing just that.”
These new memberships follow the earlier inclusion of Movera within the OPDA network, continuing the association’s efforts to unite a diverse array of organisations dedicated to improving the property and mortgage sectors through digital innovation and open data standards. The combined expertise of the OPDA and its members aims to foster a more integrated, transparent, and efficient home buying journey.