About RHG Home Loans
RHG Mortgage Corporation Limited is the company formerly known as ‘RAMS Mortgage Corporation Ltd’ (‘RAMS’) and the RHG name was adopted by the company after selling the RAMS brand name to Westpac Banking Corporation in November 2007.
RHG was founded as RAMS in 1991 by John Kinghorn as a wholesale provider of funds to lenders initially in the commercial and investment property markets, sourcing loans for external parties. In 1995, RAMS expanded from being solely a provider of funds and established its own retail origination business.
In November 2007 there was a significant business re-structure and sale to Westpac of the RAMS brand name and the exclusive right to originate new loans for three years until November 2010.
From January 2008, the company that has at all times been the lender of mortgage funds changed its name to RHG however it continues to manage and service the loan book that was in existence prior to November 2007. Unisys Credit Services Pty Ltd (‘UCS’) has continued to support and assist RHG subject to outsourcing arrangements between RHG and UCS that have been in place well before the sale to Westpac.
In February 2008, RHG performed a whole loan sale of approximately $1billion worth of mortgages to National Australia Bank ('NAB'). RHG continued to manage and service these loans up to and including the 30th April 2009, after which these loans were discharged in the RHG systems and converted to systems managed by Anchorage Home Loans, a wholly owned subsidiary of NAB.
With the exception of the $1 billion worth of mortgages sold to NAB, it is important to realise that there has been no change in the company that owns the book of mortgages and the ACN of RHG remains unchanged and is; ACN 065 912 932.