LIXI has been working with the media to promote the adoption
of e-Commerce standards by the entire mortgage industry.
The most recent coverage of LIXI appeared in The Australian
on 23 February 2005. The article, which spanned five columns,
highlights LIXI’s success in halving loan processing costs
and time.
Quoting research commissioned by LIXI, the article showed that
electronic loan transactions currently account for 21 percent
of loan applications and estimated that this will reach 35 percent
in 2005, 55 percent in 2006 and 70 percent in 2007.
The article also stated that LIXI had "dramatically improved
application processing times by reducing data entry and paperwork
and increasing accuracy." The article highlighted LIXI’s
achievements and showed that e-Commerce is already making significant
changes to way we do business.
The Australian article is part of an ongoing PR campaign that
will see LIXI deal with business, finance and IT journalists
at major newspapers and magazines Australia wide.
Chair LIXI Communications Sub-committee
The Lending Industry XML Initiative
LIXI is a trade mark of LIXI Limited
ABN 53 095 299 835
