LIXI back channel enhancements coming soon: TRACKER OF THE APPLICATION FORM.
The BANK LIXI was an innovative PASS THE PARCEL system for SELLERS (bank managers, officers and agents of the bank) of shopping for APPROVALS - circa 2007
The Rolls Royce mass approval system of unaffordable loans.
ANZ Bank Version Oct 2007
Recently ANZ broker distribution has been working on enhancements to the back channel status updates provided for LIXI applications. These enhancements will provide brokers with significant improvements in the tracking of their LIXI submitted applications through key milestones in the loan process, from submission right through to settlement.
New Lixi application status updates
1/ Supporting documents received
2/ Referred to Credit Processing Centre
3/ Referred to Mortgage Insurer
4/ Approved subject to........
5/ Approved in principal
6/ Deferred (further assessment) (very few deferred yet ROBO APPROVED)
7/ ROBO Approved
8/ Document Preparation Commenced - Contracts drawn by Ban Lawyers
9/ Documents to be Issued
10/ Ready for Settlement
11/ Settled - Funds paid into the customers account.
Commencing in November, ANZ will be progessively rolling out this new backchannel messaging and will be working closely with our LIXI partners over the coming weeks to ensure a smooth transition for our LIXI brokers.
ANZ Bridging..........Whilst ANZ does not specifically have a bridging product, we have a very simple process that allows you to arrange a bridging facility for your customer.
Speak to your BDM if you have any queries around our bridging policy.
Tax File Numbers.....When submitting documentation all Tax File Numbers need to be removed prior to the submission under the Privacy Act.