Loan Processor (DSCR / RTL)
ABOUT PARK PLACE FINANCE! Park Place Finance is a fast-growing, nationwide private lender specializing in fix-and-flips, ground-up construction, and DSCR loans. But what truly sets us apart is how we do it. Our culture is built on a high-performance, entrepreneurial mindset where driven professionals thrive in a “work hard, play hard” environment. You’ll find a team that rallies together, celebrates wins, and keeps raising the bar. We move fast. We think big. And we invest in people as much as properties. With a focus on health, wealth, and professional development, we’re not just funding deals — we’re building careers & long-lasting relationships. POSITION OVERVIEW We are seeking a highly organized and detail-oriented Loan Processor with experience in Business Purpose Loans, including Residential Transitional Loans, Bridge, Renovation, Ground-Up Construction, and DSCR (non-consumer) products. The Loan Processor plays a critical role in moving loans efficiently from application through closing ensuring accuracy, compliance, and a smooth borrower experience. This is an ideal opportunity for someone with strong communication skills, a problem-solving mindset, and prior experience in private or non-QM lending. RESPONSIBITLIES
- 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.
KNOWLEDGE, SKILLS, & ABILITIES (KSA)
- 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.
- Effective communication and problem-solving skills.
- Proficiency with loan origination systems (experience with LendingWise a plus).
- Team-oriented with a strong sense of ownership and accountability.
WHY JOIN PARK PLACE FINANCE? At Park Place Finance, we invest just as much in our people as we do in our borrowers. If you're ready to accelerate your earning potential, sharpen your skills, and thrive in a high-performance, entrepreneurial environment—this is where you belong.
- 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
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