Culture is failing fast. - Sr. Loan Officer Live Oak Bank Employee Review

2.0
16 Jul 2023
Recommend
CEO approval
Business outlook

Pros

Incredible campus (but you have to be there, no wfh) and great benefits for now. But recently announced changes forthcoming.

Cons

Highly political and better put yourself in the right clique. Also, they manipulate their youngest workers. Start as an intern there you will never make comparable salary to the industry. The secret sauce is to make them work harder and don’t pay them what they’re worth as they advance. Know your worth and demand it or leave. Don’t fall for loyalty as an excuse to get paid less than you deserve. Loyalty is only earned through politics, not performance.

Explore other reviews about Live Oak Bank

5.0
11 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Company treats employees well. Company physical office is very nice. Very large gym, subsidized food that is very good and healthy, good community. If you live in Wilmington, there are additional benefits just from being close to the office and accessing all of the resources.

Cons

As a bank with a high level of regulatory scrutiny, we err on the side of "things must be right" and secondarily, work must be delivered fast. Speed is compromised sometimes because of this, but that is expected at a bank.

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Live Oak Bank Response
3w
Thank you for sharing your experience with us. We appreciate your feedback as it helps us to continuously evolve and improve as a company.
2.0
7 May 2026
Recommend
CEO approval
Business outlook

Pros

great campus, great people to work with, amazing benefits

Cons

Often bites off more than they can chew, not very remote friendly, shifting culture

1
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Live Oak Bank Response
1mo
Thank you for sharing your experience. We constantly aim to evolve as a company.
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