Job Information
HomeStreet Bank Relationship Support Specialist III, Commercial Banking (Hybrid - Tacoma, WA) in Tacoma, Washington
Salary Range: $85,400.00 - $140,900.00 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: January 31, 2025 This job will be open and accepting applications for a minimum of three days from the date it was posted. Benefits* worth writing home about: Medical, dental, and vision coverage for employees and their families Life, disability and family Leave 401(k) and Roth 401(k) with employer match Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work Free employee checking account and employee home loan discounts *For eligible employees averaging 20 or more hours per week. EO/AA Employer including Vets and Disabled. Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements. If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy. California applicants may click this link Fair Chance Ordinance for Los Angeles County to see additional information. Job Description Summary: This position is responsible for providing the highest level of support and guidance to the Commercial Banking Department and management by acting as liaison between the Relationship Managers, Portfolio Management, Loan Operations, clients/prospects of the bank, and 3rd party insurance companies. This position may focus on real estate transactions and/or the collection and verification of proper insurance coverage associated with the collateral for new and existing loans across the commercial banking portfolio. The duties and responsibilities of this position include obtaining and analyzing reports, interacting with clients and 3rd party insurance companies to obtain information, oversight in completion of necessary items for loan documentation, providing support and training to other team members and monitoring of data while maintaining compliance with Bank policies and procedures. Job Details: PRIMARY FUNCTIONS: This position may focus primarily on transactions where the predominant collateral is real estate or the collection and proper verification of insurance requirements associated with the collateral for all new and existing loans in the commercial banking portfolio. Take the lead in partnering with Commercial Banking Management and staff, other internal departments, vendors and customers to ensure optimal customer service to Commercial Banking borrowers and prospects. Order 3rd party reports, as necessary (third party reports to include credit reports, background checks, preliminary title, environmental, appraisals, collateral exams, UCC searches and flood determination/notification). This position may focus on transactions requiring more advanced knowledge of layering of entities and ownership. This position may focus on title reports, elimination of exceptions, and escrow closings. Review agreements such as purchase and sale agreements, leases for compliance with loan requirements. May provide recommendations for changes. Review real estate loan doc boarding worksheets from documentation specialists for completeness and accuracy prior to submission. Ensure all documents required for documentation are in hand prior to requesting loan documents; to include entity documentation, compliance documentation, insurance etc. Review loan documentation prior to signing for accuracy and compliance with credit a