License Scenarios
Example use cases to describe scope of LIXI licensing requirements
The following examples are intended to enable members of the lending industry to determine when they are required to obtain a License from LIXI to use the LIXI standards. The list of examples is not exhaustive. If you cannot find and example that fits your particular business model or circumstances, then you should contact LIXI for clarification.
| LIXI License Required | LIXI License 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 sytem, 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 web site 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)
