The National Office sought the involvement of LIXI because of its innovative approach and considerable involvement in the lending industry. LIXI is a not-for-profit independent industry organisation established to develop e-commerce standards and remove barriers to electronic data exchange within the Australian lending industry. Its membership consists of 80 per cent of Australia's mortgage lenders, including all the major banks. Working with LIXI will ensure NECDS possess maximum compatibility with data definitions already in common usage within the Australian conveyancing and mortgage industries.
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