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Archive for April 22nd, 2021

OGC and CRN partner to establish a Unique Geospatial Real Property Identifier

Thursday, April 22nd, 2021

OGC and CRN will work together to develop a unique geospatial real property identifier that has applications in housing finance and beyond.

Contact: info@ogc.org

The Open Geospatial Consortium (OGC) is excited to announce that it has signed a Memorandum of Understanding (MoU) with the non-profit Collateral Risk Network (CRN). Under the MoU, OGC and CRN will work together to develop a unique geospatial real property identifier (PUID) that has applications in housing finance and beyond.

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            announcing OGC and CRN MoU

OGC Chief Standards Officer, Scott Simmons, commented: “OGC is encouraged by the vision CRN has for real property identifiers that take advantage of modern IT practices for better integration with users at all levels: from housing finance participants to consumers. The work being undertaken by CRN and OGC will ensure that location information associated with property adheres to the best industry practices for accuracy and information sharing.”

Joan Trice, the founder and President of the CRN states: “Democratization of real property data is mandatory if we are going to endeavor to modernize housing finance. I knew we found the right partner to guide us through this process when I was introduced to the FAIR principles that OGC adheres to – Findable, Accessible, Interoperable, and Reusable. That says it all.”

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