LIXI Ltd
TypeNon-profit organization
Founded2001 as LIXI Ltd
HeadquartersSydney, Australia
Key people
Shane Rigby (CEO) and Stephen Moore (Chair)
Websitewww.lixi.org.au

LIXI is an Australian, member-based not-for-profit company that develops data message transaction standards for the Australian mortgage processing industry, and promotes improvements in efficiency in mortgage processing.[1][2][3] Owned by the members of the initiative, LIXI represents participants in the residential mortgage lending industry. Founded in 2001, LIXI has developed and released standards for such transactions as mortgage applications, property valuations, broker commissions and several others.

With the purpose being the exchange of transaction data in the lending chain, the initial LIXI efforts focused on the creation and promulgation of data standards based on XML. This effort had the intended result, with the organisation winning an Innovation Award from MIS magazine in 2005. LIXI also collaborates with the Australian research institution NICTA.[4] This effort is in two primary areas, one is the creation of reference implementations of the data standards and the second is in the area of mapping data standards on to business processes.

Members

Members of LIXI include all the major and mid-tier banks in Australia, as well as the mortgage insurers, valuation panel managers and large valuations firms, the major software providers to the lending industry, and a number of legal, conveyancing and outsource service providers:

References

  1. ↑ "Why LIXI". National Electronic Conveyancing System, State and Territory Governments of Australia. Archived from the original on 16 February 2011. Retrieved 3 February 2011.
  2. ↑ "Online home loans get XML standard push". The Age. Melbourne. 14 May 2002. Retrieved 8 February 2011.
  3. ↑ "Mortgage processing gets its own e-language - Computerworld". computerworld.com.au. Retrieved 8 February 2011.
  4. ↑ "E-commerce standards for lending industry - Computerworld". computerworld.com.au. Retrieved 8 February 2011.

Bibliography



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