General Meetings are always interesting
events as they bring together the latest LIXI updates and a
chance to find out first hand what goes on in the industry.
I am happy to report that the March GM did just that and I
will attempt to give you a brief summary of the day.
The recent changes to the membership model, designed to bring
a flexible and more affordable fee structure to all current
and new members, have been received very positively. Even though
it is too early to draw decisive conclusions, we are noticing
members taking advantage of the various participation mechanisms
available to them. Please visit the LIXI
website for more information
on this.
Erik Fenna, the chair of the Technical Sub-Committee, gave
an inspired, personal perspective on the evolution of various
aspects of lending transactions and how LIXI could be harnessed
to affect greater benefits. A brief from his presentation is
available here.
Guest speakers are always welcomed by LIXI members, and at
this meeting we were presented with a business perspective
of the differences and similarities between MISMO (our US counterpart)
and LIXI. Victoria Jones presented this piece, which is part
of a larger thesis on e-Commerce in the lending industry. It
will definitely be an interesting read for all members and
can be found here.
Hot on the heels of the recent NICTA-LIXI Valuation model
presentation, came the case study from Andrew Robertson and
The Valuation Exchange. This comprehensive management system
utilises LIXI standards to link and manage potentially hundreds
of valuers and thousands of valuations per annum and is a testament
to how the use of e-Commerce is challenging established practises.
Barry Thomas gave a comprehensive update on the activities
and achievements of the working groups and his recent trip
to New Zealand, on invitation by the NZMBA. The LIXI Board
is very aware of the member sentiment to focus on local needs
before looking at international ventures. Expansion to New
Zealand should be viewed as slightly different however, due
to the fact that many current members have wholly owned operations
there, the industry similarity factor is great, and both sides
of the Tasman stand to benefit from LIXI’s involvement.
A model currently under consideration will keep fees and resources
local to each jurisdiction with the benefit of NICTA’s
help to implement tools to ease management overheads. More
information on this and the other topics can be found on the
LIXI website under the GM slides
section.
Last but not least was the ‘thank you’ to contributors
and the networking of members.
We would also like to take this opportunity to thank our
sponsors ANZ and The Valuation Exchange for their support on
the day.
General Meetings are always interesting
events as they bring together the latest LIXI updates and a
chance to find out first hand what goes on in the industry.
I am happy to report that the March GM did just that and I
will attempt to give you a brief summary of the day.
