Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Cotality Joins Open Property Data Association
Property data and software firm Cotality has become the latest member of the Open Property Data Association (OPDA). The company brings a database of over 150 million property records and daily monitoring of approximately 30.9 million UK residential properties to the association.
Cotality’s database covers 25 years of transactional data and draws on more than 100 sources to support estate agents, lenders, surveyors, and conveyancers. The firm’s Integrated Lender Hub digitises workflows to help speed up parts of the property transaction process.
The OPDA aims to build open, trusted standards for the property sector. Cotality’s membership is described as a “natural stepping stone” for the business, aligning with its focus on digital connectivity and data-driven solutions in the UK property market.
For letting agents and inventory clerks, Cotality’s involvement in OPDA may be relevant due to its role in providing property data and supporting digital processes across the transaction chain.
Source: Mortgage Solutions