NovaStar Financial, Inc. is one of the nation's leading lenders and investors in nonconforming residential mortgage loans. Founded in 1996, NovaStar efficiently brings together the capital markets and American families financing their homes. We focus on single-family, nonconforming mortgage loans, involving borrowers whose loan size, credit details or other circumstances fall outside conventional agency mortgage loan guidelines. In a well-managed portfolio, these loans offer higher net interest margins than conventional agency loans. NovaStar originates mortgage loans nationwide through independent brokers, correspondent relationships and direct to the consumer via retail operations. We also provide servicing for loans we retain in our portfolio. As a Real Estate Investment Trust (REIT), NovaStar generates most of its earnings through mortgage securities held in portfolio. We put in place long-term funding for our mortgage lending by pooling loans as collateral for bonds and selling a portion of these securities to investors. In the process, NovaStar retains a high-return portfolio of securities backed by specified cash flows from these loans. We manage risk through carefully developed underwriting standards, mortgage insurance, pooling and sale of loans, and interest rate hedging strategies. NovaStar serves the nationwide market from our headquarters in Kansas City, Missouri. Our wholesale loan origination groups are based in Independence, Ohio and Lake Forest, California. Retail operations are conducted from the following offices: Carmel, IN Scottsdale, AZ FT. Myers, FL Jacksonville, FL ST. Petersburg, FL Tampa, FL Maitland, FL Atlanta, GA Schaumburg, IL Waltham, MA Grand Rapids, MI ST. Louis, MO Reno, NV Bethleham, PA Brentwood, TN The Woodlands, TX Plano, TX Chesapeake, VA . Our common stock is traded on the New York Stock Exchange under the symbol "NFI". View Jobs for Novastar Mortgage