Senior Construction Specialist

This is a fully remote position, open to applicants in North Carolina.

📋 Description

• Develop construction closing checklists and engage in closing kick-off meetings.

• Collaborate with lenders, underwriters, closers, borrowers, general contractors, and other stakeholders to gather construction documentation.

• Deliver construction closing updates during pipeline discussions.

• Initiate credit enhancements and liaise with third-party firms for project evaluations and inspections.

• Prepare, evaluate, and present due diligence on general contractors.

• Assess construction documents for completeness and accuracy prior to closing approval.

• Verify final loan budgets and set up projects in disbursement software.

• Oversee compliance with loan agreement covenants throughout the construction phase.

• Coordinate funding for tax credit, syndicated, and participated loans.

• Create and submit disbursements in accordance with funding criteria.

• Organize inspections, title updates, lien waivers, change orders, and draw checklists.

• Initiate UCC and title filings and refresh collateral records.

• Act as the primary construction contact for borrowers throughout the closing and disbursement process.

• Address loan inquiries, track project timelines, manage loan budgets, and maintain loan documentation.

• Complete modification requests for multi-advance loans.

• Monitor monthly payments and resolve delinquencies.

• Assist servicing teams in collecting updated borrower financials.

• Escalate challenging situations to the Construction Team Lead and Credit Administration.

• Review and authorize disbursement requests through to the final disbursement.

• Train, coach, and mentor Construction Specialist I and II.

• Provide progress reports to Construction Team Leads.

• Inspect loan files for completeness before granting closing approval.

• Maintain regulatory awareness and perform additional duties as necessary.

⛳️ Requirements

• Minimum of 3 years of experience in commercial lending or customer service, or proven expertise in managing specialty construction loans.

• Experience overseeing construction projects across at least four specialty verticals, including a minimum of two product types: SBA, 504, Conventional, or USDA.

• In-depth understanding of Bank and government guaranteed programs’ construction standards, policies, and procedures.

• Familiarity with BUILT and Salesforce.

• Bachelor’s degree or 3–4 years of equivalent experience.

• Strong communication abilities with an emphasis on conflict resolution.

• Attention to detail and a high level of accuracy.

• Excellent organizational skills and capacity to prioritize tasks effectively.

• Outstanding customer service capabilities.

• Proficient in Microsoft Office Suite.

• High level of regulatory awareness, including BSA, AML, CIP, and OFAC.

🏝️ Benefits

• Annual bonuses.

• Long-term incentives.

• Paid sick leave as mandated by state law.

• Employee benefits (details available on the Live Oak Bank careers page).