Construction Underwriter II
New
P
Park Place Finance, LLCPrivate Lending
United StatesFull-TimeMiddle
SalaryCompetitive Compensation Package
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Job Details
- Experience
- 3+ years
- Required Skills
- SalesforceRisk ManagementFinancial analysis
Requirements
- 3+ years of underwriting experience in Multi-Unit and Multi-use residential construction.
- 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.
- Bachelor’s degree in Finance, Urban Development, Construction Management, Civil Engineering, or Risk Management is a plus.
- Experience with Loan Origination Systems (e.g., LendingWise, Encompass, Salesforce, or custom LOS platforms) preferred.
- Experience working with brokers and investor guidelines preferred.
Responsibilities
- Perform complete risk assessments (borrower, market, collateral, and construction).
- Prepare comprehensive credit memos summarizing all findings.
- Recommend loan structure to mitigate identified risks.
- Coordinate third-party reports (appraisal, environmental, cost review).
- Underwrite Bridge, Renovation, Ground-Up Construction, and DSCR loans in accordance with company guidelines and investor overlays.
- Analyze construction budgets, scopes of work, and project timelines to ensure feasibility of projects.
- 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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