Founded in 1995, RAMS (originally an acronym for Registered Australian Mortgage Securities) established itself as a significant non-bank lender in Australia. The company's mission is to help Australians achieve their dream of homeownership by offering flexible and competitive home loan products. In 2008, the RAMS brand and its distribution network were acquired by the Westpac Group, one of Australia's largest banks. RAMS continues to operate as a separate brand, leveraging a franchise model with local Home Loan Centres across the country to provide personalized service.