Associate Modification Paralegal

About Us

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 Banks 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 Borrowers 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 Banks 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.

What Youll Do at Live Oak

• 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 Banks interests

• Consult with loan team Attorneys and/or Manager on matters regarding the Banks risk as appropriate

• Order review and analyze title reports title commitments UCC & lien searches surveys etc

• Work closely and effectively communicate with Loan Modification Analysts Business Analysts Special Assets Construction Specialists Credit Finance Insurance Underwriters Attorneys Borrowers counsel title companies and others as needed to ensure all required loan modification documentation is obtained and in compliance with State Federal Bank and SBA regulations prior to finalization of the loan modification

• Make independent decisions in the review of due diligence and loan documentation and communicate such decisions in a timely manner to lending personnel for any changes that are necessary

• Prepare and record/file applicable documents to effectively perfect release and/or continue liens held as the Banks collateral in the proper lien position

• Assist with review analysis and resolution of post-closing items and/or exceptions related to loan closings and documentation as needed

• 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

• Continue to train and learn by attending educational workshops reviewing professional publications and benchmarking state-of-the-art practices

• Maintain a high standard of regulatory awareness including BSA AML CIP and OFAC

Required Experience

• High School Diploma or GED

• Basic knowledge of legal terms rules and documents

• Basic familiarity with court proceedings

• Proficient in Microsoft Office (Word Excel Outlook and Power Point)

• Critical strategic and analytical thinking skills

• Proficient computer internet and electronic researching skills

• Detail-oriented with strong organizational and leadership skills

Preferred Experience

• College Degree

• 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

• Certification in paralegal studies

• Excellent written and oral communication skills

• Self-motivated confident energetic and creative

• Ability to multi-task and manage narrow timelines

• Ability to cross-train

Our Values

• Dedication:Possess a deep commitment to Live Oak Banks mission and core values exemplified through a strong work ethic adaptability and pride in your work.

• Ownership:Take initiative to deliver positive results by proactively and creatively solving problems while maintaining a high degree of quality.

• Respect:Treat everyone with courtesy politeness and kindness.

• Innovation:Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.

• Teamwork: Foster collaboration accountability and trust with others and understand that together we do more

For a detailed overview of our employee benefits please visit: 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. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at.

EEO is the Law

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave including but not limited to Arizona California Colorado District of Columbia Maine Maryland Massachusetts Michigan Nevada New Jersey New Mexico New York Oregon Rhode Island Vermont and Washington.