A job placement program that NovaStar Mortgage implemented one year ago has saved the company millions in losses and helped more than 200 borrowers find jobs. The program, LaunchPoint, was initially created as a loss-mitigation strategy, but it clearly benefits borrowers as well as NovaStar. Chris Miller, senior vice president of servicing at NovaStar and co-creator of LaunchPoint, said the program helped the subprime lender save more than $2.5 million in its first year, by…