Live Oak Bank

General

• Generate construction closing checklists and participate in closing kick-off calls
• Collaborate with lenders, underwriters, closers, borrowers, general contractors, and third parties to collect construction documentation
• Provide construction closing updates during pipeline meetings
• Initiate credit enhancements and engage third-party firms for project reviews and inspections
• Prepare, analyze, and present general contractor due diligence
• Review construction documents for completeness and accuracy before closing approval
• Confirm final loan budgets and configure project setups in disbursement software
• Monitor compliance with loan agreement covenants during construction
• Coordinate funding for tax credit, syndicated, and participated loans
• Create and submit disbursements according to funding requirements
• Coordinate inspections, title updates, lien waivers, change orders, and draw checklists
• Initiate UCC and title filings and update collateral records
• Serve as borrowers’ construction point of contact through closing and disbursement
• Answer loan questions, monitor project timelines, manage loan budgets, and maintain loan files
• Complete modification requests for multi-advance loans
• Track monthly payments and address delinquencies
• Assist servicing with collecting updated borrower financials
• Escalate problematic situations to Construction Team Lead and Credit Administration
• Review and approve disbursement requests through final disbursement
• Train, coach, and mentor Construction Specialist I and II
• Provide progress updates to Construction Team Leads
• Review loan files for completeness before approving closing
• Maintain regulatory awareness and perform other duties as required

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