At the July 8 LIXI General Meeting we will be formally announcing
the release of the latest version of CAL (Version 1.3), offering
both a simpler schema based on the new LIXI architecture plus
an extensive range of field-level enhancements. Alongside CAL
we are also releasing new standards covering valuations, settlements,
title insurance and commissions reporting. As always our aim
has been to deliver tools to facilitate faster, lower cost and
more efficient loan processing for our members. Thanks to the
diligence and enthusiasm of the various working group participants
these new standards are major steps towards the lofty goal of
true standards-based, multi-partner Straight Through Processing.
The new standards can already be browsed online on, and downloaded
from, the LIXI website – just follow the links to the "The
LIXI Standards" from the Members
page. While you are there, please take the time to explore
our revamped Schema Documentation Tool and Online Business Requirements.
These are great resources for our members and will become even
more so as we continue to add features and content. Please be
aware though that leading up to the formal release we are still
working on completing the example instances and requirements
references.
Proud as we are of the new releases we know there’s lot
more still to be done. Some of you will be aware that a new
working group has started up to develop a standard way to describe
product features and characteristics. This working group has
received strong support and clearly many of our members want
a better way to disseminate product-related information. As
always any LIXI Full Member is welcome to register as a working
group participant – just follow the "Product Discussion"
link on the Member’s
page. And keep an eye out for upcoming notices regarding
other working groups planned for the near future.
To close I’d like to comment briefly on the recent MIAA
conference. In past years I’ve endlessly answered the question,
"So what’s LIXI then?"but this year that almost
never happened. Now the responses were more often, "Yeah,
I’ve heard about LIXI. That’s getting really big isn’t
it?"
Cool.
Chair – LIXI Technical Sub-committee
The Lending Industry XML Initiative
LIXI is a trade mark of LIXI Limited
ABN 53 095 299 835
