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Offering solutions for saying yes! 

Expand Your Mortgage Capabilities Without Expanding Your Team

Your borrowers expect solutions, even when a loan falls outside your in-house offerings. Through a TPO (Third-Party Originator) partnership with Novus Home Mortgage, your institution can offer more lending options, retain more relationships, and create new revenue opportunities without adding operational burden.

We become an extension of your mortgage team, helping you say “yes” more often while keeping your borrower’s experience front and center.

How the Novus TPO Process Works

Simple for Your Team. Seamless for Your Borrowers.

When a borrower’s financing needs fall outside your institution’s lending parameters, Novus provides a compliant, streamlined solution that allows you to continue serving the relationship without adding operational burden to your team. We support both Agency and Non-QM loan programs, helping your borrowers access financing options that may not be available in-house.

Your loan originator works directly with the depositor to understand their financing goals and determine that the loan cannot be accommodated through your institution’s available product offerings

At this stage, your team gathers the initial borrower information and documentation needed to evaluate the opportunity and prepare for a smooth transition.

Once the opportunity is identified, your team securely submits the initial loan documentation through our dedicated Novus Direct platform.

From there, the Novus team takes ownership of the loan process, including:

  • Loan consultation and structuring
  • Processing
  • Underwriting
  • Communication with all parties
  • Closing coordination

Your loan originator can immediately return their focus to in-house production, and your processors are never involved in the transaction.

Upon closing, your institution receives compensation through a lender-paid compensation (LPC) structure with predetermined basis points based on loan size.

The title company provides the Closing Disclosure and compensation directly to your designated office for processing.

Most importantly, your borrower receives a financing solution that may not have been available otherwise, while your institution retains and strengthens the relationship.

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Why Banks & Credit Unions Partner with Novus

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Keep More Relationships In-House

Instead of turning borrowers away when a loan falls outside your product offerings, you can provide an alternative solution while maintaining trust and retention.

Benefits Include:

  • Reduce borrower attrition
  • Increase referral opportunities
  • Expand lending solutions without operational growth
  • Keep your loan officers engaged and productive
  • Improve recruiting and retention for mortgage talent

Loan officers want more opportunity and flexibility. TPO helps provide both.

Lending Solutions Beyond Traditional Agency Loans

In addition to conventional lending options, Novus offers a full Non-QM platform, including:

  • Bank Statement Loans
  • DSCR Investor Loans
  • 1099-Only Programs
  • Profit & Loss (P&L) Only Loans
  • Foreign National Programs

These solutions help serve borrowers who may not qualify through traditional agency guidelines.

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Nationwide Lending Capabilities

Novus Home Mortgage can originate loans in all 50 states.

This helps support:
– Out-of-state members
– Relocation borrowers
– Expanded referral opportunities
– Remote lending needs

NO OPERATIONAL OR BALANCE SHEET RISK 

Think of TPO as participating in the upside without carrying the operational burden.

What Novus Handles:

  • Processing
  • Underwriting
  • Closing
  • Compliance support
  • Borrower communication

What Your Institution Avoids:

  • Hiring additional processors or underwriters
  • Increased operational overhead
  • Secondary market risk

Our model is designed so Novus leads the origination and secondary market process, allowing your institution to participate without taking on the full scope of traditional loan-level risk.

A Better Experience for Your Team & Borrowers

For Your Institution

This partnership creates additional revenue opportunities, helps increase overall loan volume, expands your mortgage offerings, and serves as a stronger recruiting and retention tool for loan originators looking for greater flexibility and lending solutions.
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For Your Loan Officers

Your loan officers gain more ways to help borrowers, greater confidence when navigating complex scenarios, and the ability to stay focused on in-house production instead of spending time on loans that fall outside your offerings.
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For Your Borrowers

This means access to more financing solutions, a smoother overall mortgage experience, and the ability to continue working with the institution they already know and trust.
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Let’s Talk About Your TPO Strategy

Whether you’re looking to expand your mortgage offerings, improve retention, or create additional revenue opportunities, Novus can help.

Contact:

Joe Onofre
Branch Manager / Director of TPO Lending
NMLS #1473557

📞 (407) 815-3441
📧 joeo@novushomemortgage.com