Loss Mitigation Specialist

Job description

About Us 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: The Loss Mitigation Specialist plays a critical part in minimizing financial loss and maximizing recovery by overseeing the liquidation of distressed assets, including real estate and equipment. It ensures assets are valued correctly, legally compliant, and sold through effective negotiations and vendor coordination. By managing asset sales and tracking performance, the role enhances operational efficiency, mitigates risk, and ensures the organization recovers maximum value from defaulted assets, directly impacting profitabil...