Fleet Mortgages has become a member of the Open Property Data Association (OPDA), joining the push to modernise the UK property market through open and standardised data sharing.
The OPDA aims to promote the sharing of property data to help consumers and the property industry.
Fleet, which is owned by Starling Bank, makes the move as it invests in new technology and data capabilities designed to enhance how it serves brokers and customers.
By joining the OPDA, Fleet will lend its support to industry efforts to reduce inefficiencies, improve decision-making, and call for a more joined-up approach across lenders, brokers, conveyancers and valuers.
Toni Coulson, data insights director at Fleet Mortgages, said: “As a lender, we have deep insight into where delays occur and how data could be used more effectively to streamline decision-making and reduce friction for brokers and customers alike.
“However, for this to succeed, the industry must remain focused on the end customer and for Fleet particularly, keeping sight of the critical role of the broker.
“Any move towards greater data sharing has to deliver a clear and tangible benefit — whether that’s saving time, reducing complexity or removing the need for repetitive admin.’’
OPDA chair Maria Harris said: “Fleet will bring valuable insight to our work, particularly around how property and finance data can be used to streamline mortgage origination processes and improve the journey from offer to completion.”
