Open Property Data Association (OPDA), the UK’s first trade association to create and drive the adoption of open property data, has today (29th August) appointed United Trust Bank (UTB) to its executive committee.
As an executive member, the specialist bank will bring a lending technology and mortgage data perspective and shape the future development of data standards for specialist lending.
UTB’s appointment aims to help OPDA achieve its goals of improving the homebuying and mortgage process and setting the foundations for the future of an open property data trust framework.
Maria Harris, chair at OPDA (pictured above), commented: “Announcing our first lender is an exciting and important milestone for the association.
“UTB’s approach to innovative thinking and the use of technology to create better experiences for their intermediaries and customers is well recognised across the industry, so I’m delighted they’ve joined us at this pivotal time.”
Buster Tolfree, director of mortgages at UTB, added: “[UTB] welcomes enhancements that simplify the application process for our brokers and customers and help mitigate credit and commercial risk.
“Joining the OPDA — and being involved in opening up some of the traditional data borders that have existed in the past — is therefore an easy decision to make."
