Live Oak Bank
Associate Modification Paralegal
Wilmington, NC
Sponsorship not specified$20k-$32kDetected 9 days ago
ExcelCustomer SupportLeadershipCommunicationCollaborationProblem SolvingAdaptabilityMicrosoft Office
About the role
- Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled.
- We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability.
- Equal access to programs, service and employment is available to all persons.
Responsibilities
- Prepare and/or review various legal documents, including loan modification agreements, guarantees, mortgages/deeds of trust, assignments, security agreements, subordination agreements, intercreditor agreements, and resolutions
- Review, analyze, prepare and/or negotiate, as applicable, certain due diligence items, including modifications to loan credit memos, purchase agreements, leases, organizational documents, and inter-creditor agreements to effectively identify critical risks to protect the Bank's interests
- Prepare and record/file applicable documents to effectively perfect, release and/or continue liens held as the Bank's collateral in the proper lien position
- Promote teamwork and effectively manage a pipeline to ensure quality and customer service standards are maintained and/or exceeded
- Help achieve corporate and department goals and help develop, coordinate and enforce policies, procedures, and productivity standards
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
- Basic knowledge of legal terms, rules and documents
Requirements
- Minimum of 1 year of paralegal experience
- Minimum of 1 year of Commercial, Transactional or Banking experience
- Experience with SBA loans, corporate documentation, title, leases, contract and other legal and loan documentation
- Ability to cross-train
- Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
Nice to have
- Preferred Experience
Compensation
- may also include annual bonuses and long-term incentives, subject to various metrics and company policy.
- A candidate's salary is determined by several factors including travel, relevant work experience or skills and expertise.
- The base pay range for this position is $19.77 - $32.12 per hour.
Benefits
- Continue to train and learn by attending educational workshops, reviewing professional publications, and benchmarking state-of-the-art practices
Company info
- Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on 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 never lose sight of 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.
- How This Role Impacts Live Oak and its People
- This role is accountable for ordering, analyzing, negotiating, and preparing the applicable due diligence, agreements, and loan modification documents associated with the Bank's commercial loan modification operations, while ensuring compliance with State, Federal, Bank and SBA Standard Operating Procedure (SOP) regulations. Responsible for cross-checking the information gathered, identifying risks to the Bank, and resolving or escalating such risks as necessary. Works closely with Loan Modification Analysts, Business Analysts, Special Assets, Construction, Credit, Finance, Insurance, Underwriters, Attorneys, Borrower's counsel, title companies, and others as needed to ensure an efficient and accurate loan modification process. Manages the filing and recording of security instruments to properly secure the Bank's collateral as needed. Accurate documentation, data, transcripts and files are required.
- This role is vital to the ability of Live Oak to provide and handle loan modifications with efficiency, accuracy, and excellent customer service to the borrower. This role must be highly responsive and increasingly knowledgeable of modification requirements and procedures.
- Live Oak Bank is a digital bank that serves small business owners across the country.
- Our groundbreaking spin on 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 never lose sight of 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.
- This role is accountable for ordering, analyzing, negotiating, and preparing the applicable due diligence, agreements, and loan modification documents associated with the Bank's commercial loan modification operations, while ensuring compliance with State, Federal, Bank and SBA Standard Operating Procedure (SOP) regulations.
- Responsible for cross-checking the information gathered, identifying risks to the Bank, and resolving or escalating such risks as necessary.
- Works closely with Loan Modification Analysts, Business Analysts, Special Assets, Construction, Credit, Finance, Insurance, Underwriters, Attorneys, Borrower's counsel, title companies, and others as needed to ensure an efficient and accurate loan modification process.
- Manages the filing and recording of security instruments to properly secure the Bank's collateral as needed.
Equal opportunity
- Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at HumanResources@liveoak.bank.
Apply directly at Live Oak Bank →Create a free account for alerts like thisView Live Oak Bank immigration profile
This listing is sourced directly from Live Oak Bank's careers page and normalized into a canonical job model.