Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Record demand drives RAMS growth

Staff Reporter 1 minute read
RAMS Home Loans is looking to double its franchise network off the back of record borrower demand for its mortgage products.

At a media luncheon yesterday, the lender – recently recognised as non-bank lender of the year by Money Magazine despite its Westpac funding and ownership – said business had been stronger than ever in the 18 months since its change of ownership.

“In the past three months RAMS’ home loan settlements have reached the highest amount in its 14 year history,” RAMS CEO Melos Sulicich said yesterday.

Since January 2008, RAMS has grown its customer base from zero to more than 15,000, and built its loan book to $5 billion, Mr Sulicich said, and is now looking to double its franchise network from 44 to 88 within the next two years.

The lender has also seen strong volumes via the broker channel, attributing its third party partners to a solid 50 per cent of its loan book.

Mr Sulicich said Westpac’s ownership of RAMS was also working well; providing the lender with the opportunity to reassure customer concerns about security while at the same time playing to its strengths as an alternative, specialist lender.

“From the feedback we have received from our franchisees this strategy works well,” he said.

Record demand drives RAMS growth
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.



more from the adviser
handshake news MyState names banking general manager

A former broker head has returned to MyState Bank, to tackle turn...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...