LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Welcome

LIXI LIXI is about to complete another revolution around the sun and that means it is time to start preparing for the November 24 AGM and Board elections.

As you know, the LIXI Board serves for one year starting from the conclusion of the current year’s AGM. The process is well documented in the LIXI constitution which is available for download, but I thought it is best to take a few paragraphs to outline the process anyway.

Starting with this newsletter, we open the nominations for Board Director positions from all members. If you are interested and want to help shape the direction and future of LIXI we encourage you to download and complete a nomination form from the LIXI website. You then need to get it seconded by another member. Please make sure that you are the authorised LIXI representative for your company and that the person seconding your nomination is also the authorised LIXI representative of their company. Each full member may only nominate one person but may second more than one nomination.

The cut-off for all the nominations is close of business Wednesday 25 October 2006. The Board will not accept late or invalid nominations so please make sure you lodge the application on time. After the cut-off, we will compile a list of nominees and communicate it to all registered LIXI email addresses.

This year we are asking each candidate to include a brief paragraph explaining why they want to join the LIXI Board and what their primary focus will be. We hope this information will help with the voting process.

The voting process will take place on the day of the AGM (24 November) and the results of the vote will be announced prior to the close of the AGM. The selection process identifies the first 10 candidates with the highest number of votes. These candidates will make up the next Board and take LIXI though another year of productive work.

If you have any questions about the process please contact us at

LIXI August 2006 GM Update

LIXI staged the second annual update event for members using a more informal and networking-centric approach. The theme of the event was the launch of the LIXI DVD and an update on the LIXI survey and the draw for the prizes.
The LIXI survey provided valuable feedback to the Board to help formulate the strategic direction for LIXI in 2007. An outline of the survey results will be provided at the AGM in November. The general take-away message from the survey was for LIXI to keep delivering as we have done in the past and for the time being to concentrate on the residential mortgage industry.

The key theme of the update was the launch of the second LIXI DVD. Following in the footsteps of the earlier LIXI DVD, LIXI members sought to articulate in a visual way the issues faced in the commissions, products, valuations and communications space.

The sketches, utilising scripts taken from real world events, were unanimously praised for their relevancy and accuracy of representation of day to day issues faced by most participants. 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.

You can view these video clips online as they are available for download from the LIXI website courtesy of NextGen.Net.


Executive Officer