Benefits of membership
LIXI membership provides value to your member organization by facilitating standards development for industry participants in order to facilitate fast, effective electronic communiation and data transfer. LIXI members come from all area of the lending community, including technology providers, lenders, mortgage managers, broker groups, valuers, conveyancers, mortgage insurers and many others along the lending supply chain.
The benefits of this industry collaboration include:
- Improved compliance and risk management – consistent implementation of operations and processes; reduced cost of compliance and increased transferability of staff skills
- Improved operational efficiency – fasterapplication processing times; more accurate data; reductions in rework, duplicated data entry and other non-productive costs
- Improvedtechnology investment decisions – managing costs of future systems changes; effective interfaces with business partners and ability to change service providers easily
- Improved customer experience and satisfaction – consistent service for all customers; customers see an improvement in quality of service, timeliness and accuracy
LIXI provides numerous opportunities for members to network as well as contribute to standards development (conferences, working groups, technical training and evening series), hence being at the forefront of industry communications initiatives and discussions. The annual LIXI forum is the flagship networking event and is free to all members. Your organization will get the most out of your LIXI membership by getting involved in the capacity most suited to your needs , whatever that is for you!
The most obvious way that LIXI enables members is through the ability to use the IP developed by LIXI. LIXI has many standards published for licensed use. These include: applications, commissions, backchannel, valuations & settlements with progress continuing on other areas of the value chain
