LIXILIXI
The Lending Industry XML Initiative

LIXI™ News

LIXI's growth leads to new full time ceo position

The Lending Industry XML Initiative (LIXI) is pleased to announce a changing of the guard with a newly created full time CEO role, bolstered by additional administrative support to take the organisation into the next stage of its development.

LIXI has created the new executive position at this critical point in the organisation’s history to drive the strategic direction and continued growth of LIXI’s contribution to the lending industry in Australia. The core responsibilities of the role will be to:

  • Engage key stakeholders by highlighting the benefits of LIXI and in particular the dollar value to the industry in using LIXI standards;
  • Increase understanding and implementation of the LIXI standards across the lending industry; and
  • Drive membership to a wider audience.

Announcing the changes, LIXI Chairman John Hearne said “The current CEO role has been filled on a part time basis, two days per week and the Board recognised we need a full time leader to drive the organisation to achieve these objectives. Unfortunately, due to other business commitments our current CEO, Mr Vasiliadis, is unable to commit to a position on a full time basis.”

John adds, “On behalf of the Board and LIXI’s members, I would like to thank current CEO Socrates Vasiliadis for his ongoing dedication and commitment to LIXI. He has contributed greatly to the achievements of LIXI during the past three years as CEO and prior to that as Chairman. We are pleased to learn that Mr Vasiliadis wishes to continue his association with LIXI and is considering running for a director’s position at the next AGM.”

Recruitment for the new position is currently underway and the Board expects to appoint the successful candidate by the beginning of July.

For further information regarding the CEO Position, or to arrange an interview, please contact:

John Hearne
PMI Mortgage Insurance
02 9231 7762
or email a resume to
info@lixi.org.au

Click here to view the Position Description for the New Full Time CEO Role

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.

 

product standards 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.

 

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 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.