Are you a seasoned professional in the financial and real estate industries? Do you excel in high-paced, dynamic environments? We are looking for a proactive and experienced Loan Servicing Manager to lead and oversee our portfolio of hard money loans, borrower repair projects, and investment property liquidation.
In this role, you will play a pivotal part in guiding our team and clients through the complexities of the construction draw process while driving our company's success in the ever-evolving real estate market.
Key Responsibilities:
Coordination and Oversight
Comprehensive Loan Management: Manage the full lifecycle of hard money loans, from initiation to liquidation
Borrower Support: Collaborate with real estate investors, particularly first-time fix-and-flip borrowers, to ensure project success
Strategic Guidance: Offer tailored recommendations to borrowers, enhancing their marketing, contract negotiation, and escrow closing efforts
Project Supervision: Provide expertise in scope development, contractor negotiations, ensuring renovations comply with local regulations, managing the construction draw process for smooth fund disbursement at key milestones
Loan Compliance and Enforcement
Ensure strict adherence to loan terms, including oversight of borrower rehabilitation activities
Proactively manage payment collections and default scenarios, including property recovery when necessary
Investor Relations and Portfolio Management
Investor Collaboration: Facilitate the funding of new loans with financial investors, maintaining transparent and consistent communication
Portfolio Oversight: Monitor and report on loan and portfolio performance, addressing any issues with actionable plans
Property Marketing: Lead marketing strategies for properties acquired through defaults, including overseeing rehabilitation, sales efforts, and escrow closings
Financial Reporting: Prepare detailed profit and loss statements for individual loans and portfolio-level summaries
Policy Development and Process Improvement
Create, update, and refine departmental policies and procedures to align with industry changes
Foster innovation through cross-departmental discussions, interdepartmental training, and corporate strategy development
Team Leadership and Collaboration
Contribute to a close-knit team of up to six members, fostering a supportive and collaborative environment
Work alongside processing and underwriting teams to ensure alignment and operational efficiency
Qualifications:
Bachelor's degree in finance, business administration, or a related field (preferred but not required)
Proven experience (2+ years) in loan servicing, real estate investment, or a similar discipline
Strong project management, organizational, and problem-solving skills
Exceptional communication and negotiation capabilities
Advanced knowledge of financial investor relations and portfolio management
Experience guiding clients through construction draw processes
Adaptability to industry regulations and market shifts
Why Park Place Finance?
This is more than just a role; it's an opportunity to make a significant impact within a growing organization at the forefront of real estate finance. As a Loan Servicing Manager, you will:
Take on diverse and challenging responsibilities
Collaborate with a passionate and talented team
Lead and innovate in a dynamic industry
Additionally, PPF offers a generous benefits package including:
Competitive salary + opportunity to grow
100% company-paid medical, dental, and vision insurance premiums
401k plan with up to a 4% match
Full & free access to an on-site fitness center
Generous PTO & paid holidays off
If you are a motivated professional eager to lead & innovate, we invite you to apply! Please submit an updated resume detailing your experience and qualifications. We look forward to learning more about how you can drive our success in this pivotal role.