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Loan Servicing Manager

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
  • 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 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


Benefits at PPF
  • 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.

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Average salary estimate

$80000 / YEARLY (est.)
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$70000K
$90000K

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What You Should Know About Loan Servicing Manager, Park Place Finance

Are you ready to take your career to the next level? At PPF in Austin, TX, we're searching for a dedicated and detail-oriented Loan Servicing Manager. If you have a solid background in the financial and real estate industries and thrive in fast-paced settings, you might be just the person we’re looking for! In this exciting role, you’ll oversee our portfolio of hard money loans, guiding our team and clients through the intricacies of the construction draw process. You will work closely with real estate investors, particularly those diving into their first fix-and-flip projects, ensuring their success through comprehensive loan management and effective communication. Your strategic insights will help borrowers navigate marketing, contract negotiations, and escrow closings—not to mention your expertise in project supervision and compliance. With your talent for fostering collaboration within our six-member team, you will play a key part in driving our success and adapting to the evolving real estate landscape. Plus, we offer competitive benefits including 100% company-paid insurance premiums, a generous PTO policy, and more! If that sounds like a perfect fit for you, why not apply today and get started on an exciting journey with PPF?

Frequently Asked Questions (FAQs) for Loan Servicing Manager Role at Park Place Finance
What are the main responsibilities of a Loan Servicing Manager at PPF?

As a Loan Servicing Manager at PPF, your primary responsibilities include managing the full lifecycle of hard money loans, collaborating with investors and borrowers on their projects, providing strategic guidance, and ensuring compliance with loan terms. You'll also oversee property marketing and portfolio performance reporting, making sure we maintain a streamlined process that benefits both our clients and our investors.

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What qualifications do you need to apply for the Loan Servicing Manager position at PPF?

To apply for the Loan Servicing Manager role at PPF, candidates ideally should have a bachelor’s degree in finance, business administration, or a related field, along with a minimum of 2 years of experience in loan servicing or real estate investment. Strong project management skills, exceptional communication abilities, and proficiency in managing financial investor relations are also key qualifications for success in this position.

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What benefits does PPF offer to Loan Servicing Managers?

PPF offers a competitive salary for the Loan Servicing Manager position along with great benefits, including 100% company-paid medical, dental, and vision insurance premiums. Additionally, we provide a 401k plan with up to 4% matching, generous paid time off, and access to an on-site fitness center, ensuring that our employees have a rewarding work-life balance.

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How does the Loan Servicing Manager contribute to the team at PPF?

The Loan Servicing Manager plays a crucial role in fostering a collaborative work environment at PPF. By supervising a close-knit team and collaborating with processing and underwriting teams, this role helps stimulate operational efficiency and innovative solutions, all while guiding clients and investors through the complexities of their projects.

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What skills are essential for success as a Loan Servicing Manager at PPF?

To thrive as a Loan Servicing Manager at PPF, strong project management, organizational, and problem-solving skills are essential. Additionally, having exceptional negotiation abilities and advanced knowledge of financial investor relations will equip you to effectively support and guide clients through their construction projects while ensuring adherence to loan terms.

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Common Interview Questions for Loan Servicing Manager
Can you explain your experience with managing hard money loans?

Be prepared to describe your past roles that involved hard money loans, including the loan lifecycle, how you dealt with borrower relationships, and any specific examples of loans you've managed from start to finish.

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How do you ensure compliance with loan terms?

Discuss your methods for tracking compliance, whether that's through regular check-ins with borrowers, maintaining clear documentation, or implementing robust monitoring systems to catch potential issues early.

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What strategies would you use to support first-time real estate investors?

Give examples of your past experiences where you provided guidance and support to new investors, such as helping them with contract negotiations, marketing strategies, or navigating project financing.

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How do you handle payment collections and defaults?

Share your approach to following up on payments, communicating with borrowers, and detailing any strategies you’ve used for resolving defaults while ensuring a professional yet firm stance.

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What role does team collaboration play in your work?

Articulate the importance of teamwork in achieving goals, sharing responsibilities, and ensuring projects run smoothly. Offer examples where collaboration led to successful outcomes in past roles.

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Can you discuss a successful project you managed recently?

Provide details about a project you oversaw, including the challenges you faced, how you navigated them, and what you learned from the experience about managing projects effectively.

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How do you stay updated with industry regulations?

Highlight how you stay informed on regulatory changes, whether through professional associations, online courses, or networking, and emphasize your adaptability to the ever-changing landscape.

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What is your approach to financial reporting?

Discuss your skills in preparing detailed financial reports, including profit and loss statements, and explain how you ensure accuracy and use these reports to inform decision-making.

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How do you develop policies and procedures within your team?

Share your thoughts on the importance of having clear policies and how you've been involved in creating or refining them in the past to align with industry best practices.

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Why do you want to work as a Loan Servicing Manager at PPF?

Express your enthusiasm for the role and the company, tying your skills and experience to the job's requirements while sharing your long-term career goals and how PPF aligns with them.

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Full-time, on-site
DATE POSTED
January 7, 2025

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