LIXILIXI
The Lending Industry XML Initiative

LIXI™ @ Work

Technical Sub-committee report

In the past year it would be fair to say that LIXI’s standards development efforts have widened considerably in scope and that this in turn has required us to create and develop a new level of formality and professionalism. The new LIXI architecture has provided a solid technical foundation for new developments however we quickly realised that the expanding number of standards presented major management and maintenance hurdles. This has resulted in huge efforts going on “behind the scenes” to document LIXI’s methods and procedures and to develop online documentation tools to improve our transparency and accessibility to members. An unfortunate side effect has been the delay of CAL 1.3 but we have just about made it through to the other side at last.

Future working groups can now be given a detailed LIXI methodology for guidance, plus template and example documents designed to ease their workload and ensure a consistent standard in the requirements documents they generate. Better yet, their requirements will be published online in a format that will link directly to the consequent ontologies, thereby making it easy for everyone to see that their needs have been met in the implemented standards and to track back to the requirements to find out exactly why the standards are built the way they are.

Thanks to the sterling efforts of Dean Melia and Marcus Carr (plus many others) we been able to do all this while still progressing with multiple new standards. CAL 1.3 (incorporating the old Backchannel work), Settlements, Title Insurance and Commissions are at, or very close to, Request For Comments release. The Valuations working group has produced an outstanding requirements document and a working draft of a Valuations ontology is not far away. The Mortgage Insurance working group has re-convened and should also be able to deliver a greatly improved standard for LMI transactions in the near future. All of this work has been done in compliance with the new architecture so you will be able to see that we have had a very busy year.

Priorities for the coming year will include re-visiting our Messaging Recommendation and upgrading it to the status of a standard. In the early days everyone’s approaches to messaging were so varied as to make a standard impractical but it looks like this is changing fast and many members have expressed interest in having a standard approach to comply with. For further details of LIXI’s future initiatives please refer to the LIXI Roadmap – and as always, comments on the Roadmap are very welcome.


Chair – LIXI Technical Sub-committee

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