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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 house mortgage purposes efficient Aug. 6, following a strategic assessment 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 a radical assessment, have determined that providing house loans via RAMS franchisees will not be proper for Westpac,” stated Damien MacRae (pictured above), Westpac managing director mortgages.
Help for purchasers and franchisees
Current RAMS clients won’t be affected by the closure and may proceed managing their loans via the RAMS app, web site, and name centre.
Westpac will attain out to help clients with ongoing RAMS mortgage purposes.
“We’ll assist our clients, franchisees, and our folks via this course of,” MacRae stated.
Ongoing alternatives for RAMS staff
Westpac assures that help shall be offered to RAMS franchisees and that there shall be alternatives for RAMS staff inside Westpac.
“We’re additionally offering franchisees with mutually agreed help and there shall be ongoing alternatives for RAMS staff inside Westpac,” MacRae stated.
No materials influence on Westpac monetary outcomes
Westpac will retain the prevailing RAMS mortgage portfolio, and the cessation of recent RAMS house 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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