About LIXI


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. 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.


The objectives of LIXI are:

  • to facilitate business-to-business exchange of information in the lending industry, with particular reference to mortgage lending;
  • to develop and adopt standards relevant to the lending industry and to promote their use by members, and other participants in the lending industry;
  • to undertake research in connection with business-to-business exchange of information and its application to the lending industry; and
  • to educate members and other participants in the lending industry in the use of standards and related technologies.
About LIXI standards
One of LIXI’s prime objectives is to develop standards to be used by industry members.

LIXI standards specify a range of electronic transactions which relate to applying for, processing, approving and settling residential home loans. When fully developed, standards include:

  • Business requirements - of specific functionality.
  • Schema – specifications to element level, to support the requirements.

Requirements and schema cover both request and response transactions. Another important part of standards development is agreement on a common vocabulary.

The LIXI standards address a number of distinct transactions that take place at various points in the lending cycle. In most cases these transactions consist of request-response pairs - that is, one party requests something and the other party provides a response. Transactions include:

  • home loan applications
  • settlements
  • mortgage insurance
  • valuations
  • commission reporting
  • title insurance
  • product information