Senior Construction Lending & Closing Specialist

Live Oak Bank; Wilmington (DE); In loco; USD 72.000 - 113.000; Tempo pieno

Descrizione del lavoro

Live Oak Bank in Wilmington, DE is seeking a Construction Loan Specialist to manage specialty construction lending processes including closing, disbursement, and compliance across SBA, 504, conventional, and USDA programs. You will work with lenders, underwriters, borrowers, general contractors, and third-party vendors to collect documentation and ensure timely funding.

You will review budgets, monitor project timelines, conduct due diligence on contractors, and coordinate with internal partners

Competenze

• 3+ years of commercial lending/customer service experience or demonstrated mastery in managing specialty construction loans.
• Experience with managing construction projects for 4 specialty verticals at a minimum, including at least two different product types (SBA, 504, Conventional, USDA)
• Extensive knowledge of Bank and government guaranteed programs’ construction standards, policies, and procedures
• Knowledge of BUILT and Salesforce

Mansioni

• Generate construction closing checklist and participate in closing kick-off calls.
• Collaborate with lenders, underwriters, closers, borrower, general contractor, and other third parties to ensure necessary construction documentation is collected prior to closing.
• Provide lending teams construction closing updates during pipeline meetings
• Initiate required credit enhancements; engage third-party firms for initial project review and construction inspections
• Prepare, analyze, and present general contractor due diligence for approval
• Review construction documents collected from borrower to ensure completeness and accuracy prior to submitting file for closing approval
• Confirm final loan budget and configure project setup in disbursement software application
• Monitor and confirm adherence to loan agreement covenants during construction
• Coordinate with internal partners on tax credit, syndicated and/or participated loans to ensure timely funding
• Create and submit disbursements in conformance with funding requirements
• Ensure inspections and title updates are timely ordered and lien waivers obtained
• Initiate UCC and title filings to perfect security interest in collateral
• Serve as borrowers' construction point of contact throughout loan closing and disbursement
• Answer general loan questions, monitor timelines, manage loan budget, and maintain files through project completion
• Complete modification requests on multi-advance loans as necessary
• Track monthly loan payments and address delinquencies
• Assist servicing with updated financials from borrowers
• Elevate issues to Construction Team Lead as needed
• Review and approve disbursement requests from initial funding to final disbursement
• Provide training and mentoring to Construction Specialist I/II; update leads on progress
• Review loan files for completeness prior to closing
• Maintain high standards of regulatory awareness (BSA, AML, CIP, OFAC)
• Perform other duties as required

Conoscenze

Commercial lending

Customer service

Construction loan management

Formazione

Bachelor’s degree

Strumenti

BUILT

Salesforce

Descrizione del lavoro

Live Oak Bank in Wilmington, DE is seeking a Construction Loan Specialist to manage specialty construction lending processes including closing, disbursement, and compliance across SBA, 504, conventional, and USDA programs. You will work with lenders, underwriters, borrowers, general contractors, and third-party vendors to collect documentation and ensure timely funding.

You will review budgets, monitor project timelines, conduct due diligence on contractors, and coordinate with internal partners