Loan Processor, DSCR / RTL

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Park Place Finance, LLC - Hard Money Lender

WebsiteLinkedInAll Job Openings

11 - 50 employees

Founded 2006

💸 Finance

🏠 Real Estate

Finance • Real Estate

Park Place Finance, LLC - Hard Money Lender is a direct private hard-money lender specializing in short-term financing for real estate investors. The company provides a range of investment property loan products—including bridge loans, fix & flip loans (covering purchase and renovation), DSCR rental loans, ground-up construction loans, and conventional purchase financing—using in-house capital and expedited closings (often 3–5 days). Park Place serves investors, small builders, and brokers nationwide, emphasizes fast closings, high LTV and rehab funding, and requires borrowers to close under an LLC for investment property transactions. The firm highlights over $1 billion funded since 2006 and offers dedicated account executives and broker partnerships.

📋 Description

• Process RTL, Bridge, Renovation, Ground-Up Construction, and DSCR loans in alignment with company guidelines and investor requirements. • Review and verify borrower, guarantor, and entity documentation (credit, income, bank statements, title, insurance, leases, corporate docs). • Ensure all required items are received, complete, and compliant prior to underwriting and closing. • Coordinate closely with underwriters, originators, and closers to maintain loan file accuracy and expedite turnaround times. • Track and clear conditions efficiently while maintaining proactive communication with internal teams and external partners. • Review appraisals, BPOs, construction budgets, and rehab scopes for completeness and accuracy. • Maintain meticulous file organization, ensuring all documentation is properly labeled and archived in the LOS. • Provide exceptional service to borrowers and brokers through clear, timely communication. • Identify and escalate issues or inconsistencies that could affect loan eligibility or timeline.

🎯 Requirements

• 2+ years of experience processing private lending or non-QM loans (required). • Hands-on experience with RTL (Bridge, Renovation, Ground-Up Construction) and DSCR loans. • Experience filling out a HUD-1 and/or settlement statement • Business entity documentation experience • Strong understanding of business-purpose loan documentation and compliance standards. • Excellent attention to detail and ability to manage multiple loans simultaneously. • Proficiency with loan origination systems (experience with LendingWise a plus).

🏖️ Benefits

• Best-in-Class Training • Uncapped Earning Potential & Competitive Compensation Package • 100% Company-Paid Health Insurance • Retirement with a 4% Match • In-Office Gym • 15 Days of PTO • Additional Perks & a culture that celebrates your hustle and ambition