Loan Modification Manager

2 weeks ago


Wilmington, North Carolina, United States Live Oak Bank Full time
About Us

Live Oak Bank is a leading digital bank that serves small business owners across the country. Our innovative approach to service and technology has fueled our mission to be America's Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we prioritize the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.

Job Summary

We are seeking a highly skilled Loan Modification Manager to join our team. As a crucial member of our team, this role plays a pivotal part in facilitating efficient, accurate, and high-quality loan modifications. By ensuring seamless processes, exceptional customer service, and meticulous attention to detail, this position directly impacts both Live Oak's success and the well-being of its borrowers.

Key Responsibilities
  • Supervise and develop a team of individuals, guiding their growth through mentoring and coaching.
  • Review and approve due diligence items and prepared documentation related to commercial loan modifications.
  • Independently approve specific loan modification requests and outgoing wire requests associated with loan modifications.
  • Coach, train, and mentor team members while efficiently managing the loan modification process and pipeline.
Requirements
  • Minimum 7 years of paralegal experience required.
  • Minimum 7 years of Commercial, Transactional, or Banking experience required.
  • 3-5 years of prior management experience preferred.
  • Experience with SBA loans, organizational documentation, title, leases, contracts, and other legal and loan documentation is required.
  • Bachelor's degree required.
  • In-depth knowledge of legal terms, rules, and documents required.
  • Proficiency in Microsoft Office (Word, Excel, Outlook, and PowerPoint) required.
What We Offer

We offer a competitive salary range of $70,000 to $110,000 per year, annual bonuses, and long-term incentives. A candidate's salary is determined by several factors, including travel, relevant work experience, or skills and expertise. We also provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave.

Commitment to Diversity

Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.



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