Underwriter II

Park Place Finance, LLC

22h•Hybrid

About The Position

Park Place Finance is a fast-growing, nationwide private lender specializing in non-owner-occupied residential fix-and-flips, ground-up construction, and DSCR loans. The company emphasizes a team-oriented culture that celebrates wins and encourages continuous improvement. With a focus on health, wealth, and professional development, Park Place Finance aims to build careers and foster long-lasting relationships. The Underwriter II will be a detail-oriented and analytical member of the operations team, responsible for evaluating and decisioning a range of Business Purpose Loans, including Residential Transitional Loans (RTL), DSCR (non-consumer), Bridge, Ground-Up Construction, and Portfolio products. Key responsibilities involve assessing borrower creditworthiness, analyzing loan structures, reviewing collateral, and providing clear, risk-based recommendations. This experienced-level role is suited for individuals with a strong background in RTL and DSCR products who excel in a fast-paced setting.

Requirements

3+ years of underwriting experience in private lending, non-QM, or similar BPL environments
Proficiency in DSCR loan analysis and RTL loan mechanics
Experience evaluating 1–4 unit investment properties and residential collateral standards
Familiarity with entity structures (LLCs, Corporations, Trusts)
Strong analytical, critical thinking, and problem-solving abilities
High attention to detail and a risk-management mindset
Excellent written and verbal communication skills
Ability to work independently in a deadline-driven, high-volume environment

Nice To Haves

Experience with Loan Origination Systems (e.g., LendingWise, Encompass, Salesforce, or custom LOS platforms)
Experience working with brokers and investor guidelines

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