Loan Processor (DSCR / RTL)

Park Place Finance, LLC

10d•$60,000 - $65,000•Onsite

About The Position

Park Place Finance is a fast-growing, nationwide private lender specializing in fix-and-flips, ground-up construction, and DSCR loans. It describes its culture as high-performance and entrepreneurial, with a focus on health, wealth, and professional development. The company is 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 role moves loans from application through closing, ensuring accuracy, compliance, and a smooth borrower experience. It is suited to someone with strong communication and problem-solving skills and prior experience in private or non-QM lending.

Requirements

At least 2 years of experience processing private lending or non-QM loans.
Hands-on experience with RTL products, including Bridge, Renovation, and Ground-Up Construction, and with DSCR loans.
Experience completing a HUD-1 and/or settlement statement.
Experience with business entity documentation.
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.
Team-oriented approach and a strong sense of ownership and accountability.

Nice To Haves

Experience with LendingWise.

Responsibilities

Process RTL, Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor requirements.
Review and verify borrower, guarantor, and entity documentation, including credit, income, bank statements, title, insurance, leases, and corporate documents.
Ensure all required items are received, complete, and compliant before underwriting and closing.
Coordinate with underwriters, originators, and closers to maintain loan file accuracy and expedite turnaround times.
Track and clear conditions efficiently while communicating proactively with internal teams and external partners.
Review appraisals, BPOs, construction budgets, and rehab scopes for completeness and accuracy.
Organize loan files and ensure documentation is properly labeled and archived in the LOS.
Provide borrowers and brokers with clear, timely communication.
Identify and escalate issues or inconsistencies that could affect loan eligibility or timelines.