LIXI Licensing Details

About LIXI IP

LIXI standards contain intellectual property that is developed in conjunction with the LIXI Members in the LIXI working groups.

Licensing is required for all companies utilising the LIXI standards as part of their business processes, this includes lenders sending and receiving electronic lodgements and performing LIXI-based straight-through processing as well as aggregators, valuation firms and mortgage insurers who participate in the electronic processes. Software developers and service providers that develop or market LIXI-based products and services to their clients are also required to hold a LIXI licence.

The LIXI standards are not open source, nor are they free. The Standards can only be utilised through the annual licensing program. The cost of the licenses has been kept at a very affordable level, with categories and tiers appropriate to all levels of businesses in the lending chain. The top tier of comprehensive licence is designed for lenders, software and service providers with a national scope who utilise several packages; this includes all the major banks, EDS, Genworth, NextGen.Net etc. The other categories and tiers of licence are noticeably more affordable for industry and  location-specific usage.

Within the Working Groups, members and licensees must give LIXI permission to use any contributions to the standards on an ongoing basis. This permission is granted through agreement to the IP Policy.

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LIXI Licence Classes, Levels, and Packages

LIXI licence classes exist for businesses and companies of all sizes and focus, whether they are nationally recognized lenders, mid-tier aggregators or mortgage managers, or local valuations firms. A company may license all or some of the LIXI standards as it suits their business operations. LIXI standards are released in a "Package." There are currently four individual licensable Standards Packages, origination, valuations, settlement instructions, and insurance, as well as a Comprehensive Package which includes all standards.

Each Package also has a characteristic level associated with the scope of the organisation and their use of the standard(s). For example, if an organisation uses the Origination standard (O) for application lodgement and status messaging, and is a state-based or regional organisation (2), their licence class would likely be O2.

A standard package release includes reference material such as business, functional and technical specifications, guidebooks, technical FAQs and, at a minimum, release notes, schema changes document and schema (xsd) file. This method of package delivery provides stringency in detailing the process, background, and justification which leads to the development of the final standard.

LIXI Licence Scenarios

The following examples are intended to enable members of the lending industry to determine when they are required to obtain a Licence from LIXI to use the LIXI standards. The list of examples is not exhaustive. If you cannot find an example that fits your particular business model or circumstances, then you should contact LIXI for clarification.

LIXI Licence Required LIXI Licence Not Required
LENDER TO SALES CHANNEL COMMUNICATION (INCLUDING CAL APPLICATION SUBMISSIONS, BACKCHANNEL STATUS MESSAGING, COMMISSIONS REPORTS, PRODUCTS)
Lender who develops own system, or licenses system from a 3rd part software vendor, where system sends, receives or stores data in LIXI format. Originator or Broker Group who develops own system, or licenses system from a 3rd party software vendor, where system sends, receives or stores data in LIXI format. Service Provider that operates an online platform for application lodgement and tracking where the system sends, receives or stores data in LIXI format. Broker that is a member of Originator or Broker Group and who makes use of that party's systems to submit and track loan applications, receive commission statements and perform product research and qualification for clients. Broker or Consumer who logs on to a Lender or multi-Lender website to submit and track a loan application
LENDER TO VALUER COMMUNICATION
Lender who develops own system, or licenses system from a 3rd party software vendor, where system sends, receives or stores valuation data in LIXI format. Valuer, Valuation Firm or Valuation Panel Manager that develops own system, or licenses system from a 3rd party software vendor, where system sends, receives or stores valuation data in LIXI format. Valuer or administrative staff member who uses a user interface to a valuation Panel Manager or Lender's system to manage or perform valuations. Lender who instructs a Valuation Firm or Valuation Panel Manager via a user interface to that party's LIXI-enables system.
LENDER TO INSURER COMMUNICATION (LMI OR TITLE INSURANCE)
Lender who develops own system, or licenses system from a 3rd party software vendor, where system sends, receives or stores settlement data in LIXI format. Settlement Agent that develops own system, or licenses system from a 3rd party software vendor, where system sends, receives or stores valuation data in LIXI format. Individual paralegal/clerk/lawyer using Settlement Agent or Lender system user interface to perform the settlement function. Lender, Broker or other party that tracks settlement status via a user interface to the Settlement Agent's LIXI-enabled system.

Example use cases to describe scope of LIXI licensing requirements (effective as at 1 March 2007)