Underwriter II

ABOUT PARK PLACE FINANCE

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. But what truly sets us apart is how we do it.. You’ll find a team that rallies together, celebrates wins, and keeps raising the bar.

With a focus on health, wealth, and professional development, we’re not just funding deals — we’re building careers & long-lasting relationships.

POSITION OVERVIEW

We are looking for a detail-oriented, analytical Underwriter II to join our operations team who will play a key role in evaluating and decisioning our full suite of Business Purpose Loans — including Residential Transitional Loans (RTL), DSCR (non-consumer), Bridge, Ground-Up Construction, and Portfolio products.

Responsibilities include evaluating borrower creditworthiness, analyzing loan structures, reviewing collateral, and providing clear, risk-based recommendations. This is an experienced-level underwriting role ideal for someone with a strong background in RTL and DSCR products who thrives in a fast-paced environment.

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

Requirements

KNOWLEDGE, SKILLS, & ABILITIES

Required:

• 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

Preferred:

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

Benefits

WHY JOIN PARK PLACE FINANCE?

At Park Place Finance, we invest just as much in our people as we do in our borrowers. If you're ready to accelerate your career in a collaborative, fast-paced environment where performance and innovation are celebrated — this is where you belong.

• Competitive Compensation Package
• 100% Company-Paid Health Insurance (Medical, Dental & Vision)
• Retirement Plan with 3% Company Match
• Entrepreneurial Culture with a Focus on Growth & Excellence
• Opportunities to Expand Skillset Across Multiple Loan Products