LIXILIXI
The Lending Industry XML Initiative

LIXI™ News

LIXI EVENING SERIES

The next LIXI Evening Series will be held on Thursday, 5 June 2008 at the offices of Standard & Poor’s in Melbourne. This is an opportunity for LIXI members and other market participants to network, and hear about the latest issues in reference implementations and their utility, barriers to implementation and what is required of LIXI.

To register for this event, please click here. If you have any queries, please contact InAssociation on 02 9231 1099 or email here.

 

New reference tool provides up-to-date loan information

CIO - New reference tool provides up-to-date loan information
Jointly developed by NICTA and LIXI
Click here to view this article

Infoworld - New reference tool provides up-to-date loan information
Click here to view this article

Computer World - The Lending Industry XML Initiative (LIXI), in partnership with NICTA has developed Visible Loans, a new 'publish and subscribe' reference tool that lets lenders and brokers share accurate, instant information on loan products. Visible Loans is a first for Australia, which has relied on manual processes (faxes and e-mails) to update critical loan information.
Click here to view this article

Two new LIXI standards are ready for business

Two important new LIXI standards have completed development and are now available for download and use by members:

LIXI CAL 1.4 extends the Credit Application Language to explicitly support applications for non-conforming loans and equity release (or “reverse mortgage”) loans.

LIXI Commissions 1.1 is a major re-write of the original Commissions standard that we believe delivers a practical, functional solution to a business problem that currently creates endless headaches for both brokers and lenders. With help from Microsoft we are planning a to provide a Reference Implementation of LIXI Commissions in the near future. As usual the Reference Implementation will be available free to all LIXI members.

 

Yet another new LIXI standard is now ready for business

After a long gestation the LIXI Products standard has finally been released for general use. LIXI Products 1.3 is a schema for describing key characteristics of mortgage lending products. It’s intended use is the timely online update of product information held by third parties - in particular the databases maintained by mortgage brokers.

 

Intellectual Property REgime FAQs

A set of Frequently Asked Questions have been developed by the Intellectual Property Sub Committee, setting out answers to commonly raised issues and concerns about the new LIXI Membership and Licensing Regime. The FAQ can be accessed by clicking this link.

 

LIXI Welcome pack

Do you need help explaining LIXI to new staff, or finding your way through the information provided? LIXI has now published a new welcome guide for LIXI members. It is not intended to be a full user manual but has been designed to make those first steps a less daunting prospect.

Click here to download the guide.

 

LIXI, NICTA & Microsoft stage joint Workshop

On August 6 LIXI, NICTA and Microsoft joined forces to provide a seminar for LIXI members on implementing web services for the exchange of LIXI data. You can click here to download a copy of the NICTA presentation. If you have any comments about this seminar or would like to see LIXI run similar seminars in future please let us know - we need and appreciate your feedback.

 

Valuations Reference Implementation released - free to all LIXI members

Many LIXI members have been asking for greater guidance from LIXI on how to implement LIXI standards. In response, LIXI has been collaborating with National ICT Australia to develop working examples of our standards in action. The first of these working examples to be completed is the "Valuations Reference Implementation"... More information and files for download...

 

LIXI MEMBERSHIP AND LICENSING RENEWAL FOR 2007

At our last AGM [Nov 2006] the Board of LIXI proposed a range of changes to the LIXI Membership and Licensing aimed to align the cost of participating in LIXI with the value derived by your company.

We have now finalised the implementation of these changes. Please see this page for more information and the necessary forms.

DVD Clips

Below is a collection of clips from the LIXI DVD which was launched earlier this year. Following in the footsteps of the earlier LIXI DVD, LIXI members sought to articulate the issues faced in the commissions, products, valuations and communications space. The intention of the LIXI sketches is that they will be used to create and expand awareness of these issues and motivate the industry to come together to design robust solutions based on LIXI standards to address them.

The clips below are available for download courtesy of NextGen.Net.

Commissions:  Dialup  |  Broadband

Product Information:  Dialup  |  Broadband

Valuations:  Dialup  |  Broadband

Communications - New:  Dialup  |  Broadband

Communications - Current:  Dialup  |  Broadband

 

LIXI Banner Advertising

LIXI has been firmly established as the number one business enabler in the Lending market by delivering major benefits to the organisations that embed it in their processing activities. LIXI’s reputation also attracts interest from non-members wishing to join, other similar industries and a raft of overseas companies and standards bodies.

LIXI website visitors span the full range of the corporate structure, from CEO’s to Operations Managers and Developers. Their interests are focused on, based on their page visiting patterns, the role of LIXI in the industry, working papers and case studies, the LIXI@Work newsletter, software, the latest news and who is a member of LIXI.

Some LIXI members have asked if we could provide some banner space on the LIXI website for advertising by LIXI members. The LIXI Board has considered this request and has decided to release two areas on the LIXI website for banner advertising. The LIXI Banner Advertising document gives you a brief background and site stats to help you with your business case in securing this valuable resource. You can then download the LIXI Banner Advertising Agreement, fill-it in and send it to us.