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Loan Processor, DSCR / RTL
Park Place Finance, LLC - Hard Money LenderLoan Processor at Park Place Finance processing private lending and DSCR loans while ensuring compliance and accuracy. Collaborating closely with borrowers and internal teams to enhance the loan experience.
About the role
Key responsibilities & impact- 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
What you’ll need- 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
Comp & perks- 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
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
processing loansRTL loansBridge loansRenovation loansGround-Up Construction loansDSCR loansHUD-1settlement statementbusiness-purpose loan documentationcompliance standards
Soft Skills
attention to detailcommunicationorganizationproblem-solvingtime management