Unisys has been awarded a contract, estimated at more than A$146 million over seven years, to provide the mortgage operations of Australia's second-largest non-bank originator Rams Home Loans.
Under the terms of the contract, Unysis will be expected to reduce product development cycles and speed up loan approvals for the mortgage company.
Charles Weiser, Group CEO, Rams, says: "Outsourcing our mortgage operations to Unisys had to enhance our competitive position, which would permit us to better serve our customers, not just reduce our costs. The exacting criteria RAMS set - enhanced quality of service, speed to market and increased operational efficiencies - were more than matched by Unisys."
He says Rams will now enjoy the benefits of up-to-date technology without having to invest directly the upfront costs of developing new mortgage and finance applications.
Unysis says the contract strengthens its position in Australia for financial services outsoucing. The company is currently the largest non-bank processor of cheques on the continent.