What are the responsibilities and job description for the Renovation & Construction Manager position at Novus Home Mortgage?
Essential Duties And Responsibilities
This is an onsite position at our corporate headquarters located in Brookfield, WI.
- 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 procedures for 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.
- Minimum 5–7 years of experience in mortgage operations, construction lending, or renovation underwriting.
- Deep understanding of renovation and construction loan products, including FHA 203(k), HomeStyle, Choice Renovation, and 2XClose construction programs.
- Proven ability to manage multi-phase construction and renovation workflows across departments.
- Strong underwriting and analytical skills; capable of interpreting 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 with a proven ability to collaborate across Sales, Operations, and Capital Markets.
- Bachelor’s degree in Business, Finance, Construction Management, or related field (or equivalent work experience).
- Expert knowledge of renovation and construction lending operations.
- Strong problem-solving and decision-making abilities under time-sensitive conditions.
- Exceptional attention to detail, documentation, and regulatory compliance.
- Cross-functional collaboration with Sales and Operations to drive execution and efficiency.
- High accountability and leadership presence in an on-site, corporate environment.
This is an onsite position at our corporate headquarters located in Brookfield, WI.
Salary : $67,000 - $82,000