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Lending industry standards body appoints erik fenna as ceo Lending industry standards body LIXI has today announced the appointment of its first full time CEO, marking an important evolution and growth point in the organisation’s history. “The appointment of Erik Fenna as our first full-time CEO shows the increasing relevance of LIXI and the pivotal role we are playing in an industry that is currently pushing through a substantial period of change,” said John Hearne, Chairman of LIXI. Erik Fenna was a serving Board Director of LIXI and has been appointed after an exhaustive independent internal and external executive search. “Erik brings his long and dedicated commitment to LIXI to the table, as well as his depth of technical expertise in the field. This experience includes his time as a Director, Market Services at one of the major mortgage industry software suppliers and as a former General Manager, Information Technology with the industry’s largest mortgage aggregator,” said Mr Hearne. Erik Fenna says that he is looking forward to the challenge of taking LIXI to the next level. “Having served on LIXI’s Board and as Chair of its Technical Sub-Committee, I am acutely aware of the challenges ahead for LIXI as well as the truly exciting potential that exists to make a fundamental difference to lending industry practises and efficiency,” said Mr Fenna. “With major banks looking at core banking system replacements at one end and the finance community facing substantial competitive pressure at the other end, it is an ideal time for the industry to look to LIXI and the LIXI community for efficiency gains through standardised eCommerce,” said Mr Fenna, "it is quite simple really, LIXI helps businesses in the lending industry do business better". Erik will formally commence in the role of LIXI CEO on 1st September and is scheduled to present his vision for LIXI at the annual LIXI Industry Forum** in Sydney on Wednesday 10th September. Erik holds an MBA (Advanced) from the University of Western Australia and a B.Sc. in Mathematics from the University of Alberta, Canada. He is also a member of the National Institute of Accountants. product standards reference tool provides up-to-date loan information CIO - New reference tool provides up-to-date loan information Infoworld - New reference tool provides up-to-date loan information Computer World - The Lending Industry XML Initiative (LIXI), in partnership with NICTA has developed Visible Loans, a new 'publish and subscribe' reference tool that lets lenders and brokers share accurate, instant information on loan products. Visible Loans is a first for Australia, which has relied on manual processes (faxes and e-mails) to update critical loan information.
Two new LIXI standards are ready for business Two important new LIXI standards have completed development and are now available for download and use by members: LIXI CAL 1.4 extends the Credit Application Language to explicitly support applications for non-conforming loans and equity release (or “reverse mortgage”) loans. LIXI Commissions 1.1 is a major re-write of the original Commissions standard that we believe delivers a practical, functional solution to a business problem that currently creates endless headaches for both brokers and lenders. With help from Microsoft we are planning a to provide a Reference Implementation of LIXI Commissions in the near future. As usual the Reference Implementation will be available free to all LIXI members.
Yet another new LIXI standard is now ready for business After a long gestation the LIXI Products standard has finally been released for general use. LIXI Products 1.3 is a schema for describing key characteristics of mortgage lending products. It’s intended use is the timely online update of product information held by third parties - in particular the databases maintained by mortgage brokers.
LIXI Welcome pack Do you need help explaining LIXI to new staff, or finding your way through the information provided? LIXI has now published a new welcome guide for LIXI members. It is not intended to be a full user manual but has been designed to make those first steps a less daunting prospect. Click here to download the guide.
LIXI Banner Advertising LIXI has been firmly established as the number one business enabler in the Lending market by delivering major benefits to the organisations that embed it in their processing activities. LIXI’s reputation also attracts interest from non-members wishing to join, other similar industries and a raft of overseas companies and standards bodies. LIXI website visitors span the full range of the corporate structure, from CEO’s to Operations Managers and Developers. Their interests are focused on, based on their page visiting patterns, the role of LIXI in the industry, working papers and case studies, the LIXI@Work newsletter, software, the latest news and who is a member of LIXI. Some LIXI members have asked if we could provide some banner space on the LIXI website for advertising by LIXI members. The LIXI Board has considered this request and has decided to release two areas on the LIXI website for banner advertising. The LIXI Banner Advertising document gives you a brief background and site stats to help you with your business case in securing this valuable resource. You can then download the LIXI Banner Advertising Agreement, fill-it in and send it to us.
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