Novus Home Mortgage
Renovation & Construction Manager
Novus Home Mortgage, Goerkes Corner, Wisconsin, United States
Overview
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Renovation & Construction Manager
role at
Novus Home Mortgage .
Location: Brookfield, WI (onsite) | Compensation: $67,000 - $82,000
Responsibilities
Oversee the complete lifecycle of renovation and construction loans, ensuring compliance with investor, agency, and internal guidelines.
Develop and maintain standardized operational workflows for renovation and 2XClose construction programs, including draw management, contractor approval, and project monitoring.
Partner with underwriting, processing, and secondary marketing to ensure file accuracy and compliance with investor delivery requirements.
Review and approve draw schedules, budgets, and scopes of work, ensuring adequate documentation and control of disbursement timing.
Manage relationships with contractors, appraisers, inspectors, and internal staff to ensure smooth communication and timely project progression.
Serve as the primary escalation point for internal departments on renovation or construction-related loan issues.
Provide program and guideline training to sales and operations staff, serving as a subject matter expert across all renovation and construction products.
Monitor project pipelines, construction timelines, and loan aging reports; identify and resolve delays or budget concerns.
Ensure that change orders, inspections, and final project sign-offs meet all investor, agency, and internal standards.
Collaborate with QC, Post-Closing, and Secondary to ensure project completion aligns with delivery and servicing requirements.
Recommend process enhancements to strengthen internal controls, reduce exposure, and improve operational efficiency.
Stay current with industry and investor changes related to construction lending and renovation products, ensuring Novus policies remain compliant and competitive.
Qualifications
Minimum 5–7 years of experience in mortgage operations, construction lending, or renovation underwriting.
Deep understanding of renovation and construction loan products (e.g., FHA 203(k), HomeStyle, Choice Renovation, 2XClose).
Proven ability to manage multi-phase construction and renovation workflows across departments.
Strong underwriting and analytical skills; able to interpret contractor bids, budgets, and project risk factors.
Proficiency with ICE Encompass and familiarity with secondary delivery and investor submission processes.
Excellent communication and leadership skills; ability to collaborate across Sales, Operations, and Capital Markets.
Bachelor’s degree in Business, Finance, Construction Management, or related field (or equivalent work experience).
Competencies
Expert knowledge of renovation and construction lending operations.
Strong problem-solving and decision-making abilities under time-sensitive conditions.
Attention to detail, documentation, and regulatory compliance.
Cross-functional collaboration with Sales and Operations to drive execution and efficiency.
High accountability and leadership presence on-site in a corporate environment.
Note:
This posting reflects current expectations for the role at Novus Home Mortgage and is onsite at our Brookfield, WI headquarters.
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Renovation & Construction Manager
role at
Novus Home Mortgage .
Location: Brookfield, WI (onsite) | Compensation: $67,000 - $82,000
Responsibilities
Oversee the complete lifecycle of renovation and construction loans, ensuring compliance with investor, agency, and internal guidelines.
Develop and maintain standardized operational workflows for renovation and 2XClose construction programs, including draw management, contractor approval, and project monitoring.
Partner with underwriting, processing, and secondary marketing to ensure file accuracy and compliance with investor delivery requirements.
Review and approve draw schedules, budgets, and scopes of work, ensuring adequate documentation and control of disbursement timing.
Manage relationships with contractors, appraisers, inspectors, and internal staff to ensure smooth communication and timely project progression.
Serve as the primary escalation point for internal departments on renovation or construction-related loan issues.
Provide program and guideline training to sales and operations staff, serving as a subject matter expert across all renovation and construction products.
Monitor project pipelines, construction timelines, and loan aging reports; identify and resolve delays or budget concerns.
Ensure that change orders, inspections, and final project sign-offs meet all investor, agency, and internal standards.
Collaborate with QC, Post-Closing, and Secondary to ensure project completion aligns with delivery and servicing requirements.
Recommend process enhancements to strengthen internal controls, reduce exposure, and improve operational efficiency.
Stay current with industry and investor changes related to construction lending and renovation products, ensuring Novus policies remain compliant and competitive.
Qualifications
Minimum 5–7 years of experience in mortgage operations, construction lending, or renovation underwriting.
Deep understanding of renovation and construction loan products (e.g., FHA 203(k), HomeStyle, Choice Renovation, 2XClose).
Proven ability to manage multi-phase construction and renovation workflows across departments.
Strong underwriting and analytical skills; able to interpret contractor bids, budgets, and project risk factors.
Proficiency with ICE Encompass and familiarity with secondary delivery and investor submission processes.
Excellent communication and leadership skills; ability to collaborate across Sales, Operations, and Capital Markets.
Bachelor’s degree in Business, Finance, Construction Management, or related field (or equivalent work experience).
Competencies
Expert knowledge of renovation and construction lending operations.
Strong problem-solving and decision-making abilities under time-sensitive conditions.
Attention to detail, documentation, and regulatory compliance.
Cross-functional collaboration with Sales and Operations to drive execution and efficiency.
High accountability and leadership presence on-site in a corporate environment.
Note:
This posting reflects current expectations for the role at Novus Home Mortgage and is onsite at our Brookfield, WI headquarters.
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