Westpac closes RAMS to new enterprise | Australian Dealer Information
Information
Westpac closes RAMS to new enterprise
Simplifying mortgage choices additional
Westpac has introduced the closure of RAMS Monetary Group to new residence mortgage purposes efficient Aug. 6, following a strategic evaluation initiated on Nov. 6.
The transfer is a part of Westpac’s ongoing efforts to streamline its enterprise operations.
“We have now delivered appreciable portfolio simplification over current years, and after an intensive evaluation, have determined that providing residence loans by way of RAMS franchisees will not be proper for Westpac,” stated Damien MacRae (pictured above), Westpac managing director mortgages.
Help for patrons and franchisees
Present RAMS prospects is not going to be affected by the closure and might proceed managing their loans by way of the RAMS app, web site, and name centre.
Westpac will attain out to help prospects with ongoing RAMS mortgage purposes.
“We’ll assist our prospects, franchisees, and our individuals by way of this course of,” MacRae stated.
Ongoing alternatives for RAMS workers
Westpac assures that assist can be supplied to RAMS franchisees and that there can be alternatives for RAMS workers inside Westpac.
“We’re additionally offering franchisees with mutually agreed assist and there can be ongoing alternatives for RAMS workers inside Westpac,” MacRae stated.
No materials influence on Westpac monetary outcomes
Westpac will retain the prevailing RAMS mortgage portfolio, and the cessation of latest RAMS residence mortgage purposes will not be anticipated to materially influence Westpac’s monetary outcomes for the yr ending Sept. 30, the massive financial institution stated in a media launch.
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