LIXItech

Ah, now I understand...

If you've got 10 minutes to spare this is well worth watching:

More on securitisation and reporting transparency

Given what I said a few days ago about a "Common Reporting Format" to improve transparency for RMBS investors this presentation from last week's Australian Securitisation Conference is pretty interesting. Actually the whole conference was pretty interesting and there's plenty of worthwhile reading to be found in amongst the rest of the conference papers. If you missed it you really should consider going next year.

Looking outside of the box

With loan processing the devil is always in the details, so it can tempting to believe that our market is just too different from other markets for us to learn all that much from how others go about it. But at the end of the day we're all doing the same, fundamentally simple, task - figuring out who's an acceptable risk and who isn't. So it doesn't hurt to take a look outside of Oz every now and then. For instance there's this blog someone just pointed out to me - Rick's Notebook. Interesting stuff, and I love the idea of SOA-based Automated Underwriting Systems that you can hit from your own processing platform for a second opinion or for a specialist assessment of a particular type of deal. Intriguing idea, and of course SOA's work best in a standards-compliant environment, like that provided by LIXI...

Oh, and this one's interesting as well, given some of the claims we heard recently at the LIXI Mortgage Industry Forum.