Underwriter II
New
P
Park Place Finance, LLCPrivate Lending
United StatesFull-TimeMiddle
Salary not disclosed
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Job Details
- Experience
- 3+ years
- Required Skills
- Risk Management
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
- Experience with Loan Origination Systems (e.g., LendingWise, Encompass, Salesforce, or custom LOS platforms) preferred
- Experience working with brokers and investor guidelines preferred
Responsibilities
- Underwrite Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor overlays
- Evaluate borrower profiles including creditworthiness, 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
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