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Park Place Finance, LLC - Hard Money Lender · 1 day ago

Renovation Underwriter II | Hard Money

United States

Full-time

Remote

Mid Level

$70K/yr - $90K/yr

3+ years exp

Park Place Finance is a fast-growing, nationwide private lender specializing in non-owner-occupied residential fix-and-flips and other loan products. They are seeking a detail-oriented Underwriter II to evaluate and decision their suite of Business Purpose Loans, focusing on borrower creditworthiness and loan structures.

FinanceFinancial ServicesLending

Responsibilities

Underwrite Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor overlays

Evaluate borrower profiles including creditworthiness (business and/or individual), DSCR metrics, exit strategies, and collateral

Interpret property valuations (BPOs, appraisals, AVMs) and flag for inconsistencies

Analyze construction budgets, scopes of work, and project timelines to ensure feasibility of projects

Review loan files including credit reports, bank statements, leases, title, insurance, and entity documents

Maintain clear, actionable documentation supporting all underwriting decisions

Apply judgment on exceptions and propose well-supported decisions for approval, counteroffer, or decline

Partner with originators, processors, and leadership to ensure smooth file flow and pipeline efficiency

Communicate proactively to resolve conditions, meet deadlines, and accelerate closing timelines

Qualification

Underwriting experienceDSCR loan analysisRTL loan mechanicsEvaluating investment propertiesEntity structures knowledgeLoan Origination SystemsAnalytical skillsProblem-solving abilitiesAttention to detailCommunication skillsWork independently