LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Record media coverage for LIXI and its members

In 2005, LIXI received media coverage in more than 13 different publications reaching a total of 858 745 people nationally. In 2006 all LIXI full members will continue to have broad exposure across industry and metropolitan publications nationally.

As LIXI continues to develop and strengthen e-Commerce standards in the lending industry, LIXI’s full members, ranging from brokers and banks, to valuers and software providers, will also continue to have access to valuable resources as well as to new developments.

LIXI’s members have the opportunity to network with other members of the lending industry through general meetings, working groups and other forums, enabling them to exchange ideas, create visibility and catch up on trends and latest developments. They also assist in the development of LIXI, and the lending industry as a whole.

Other benefits of LIXI’s full membership include the use of Credit Application Language (CAL) to help improve cost and operational efficiency and also to enable members to cut administration overheads, reduce transaction costs, improve quality and loan response times.

LIXI full members are also included in LIXI press releases, are covered in industry and metropolitan publications, and are also given the opportunity to participate in ‘case study’ articles, focusing on the benefits of LIXI.

The cost of full membership is seen by existing LIXI members as a valuable investment as costs are not linked to transaction volumes, the size of the organisation or how many copies of software are sold.

Further developments of LIXI include the availability of industry performance data and the opportunity to advertise on LIXI’s popular website.