Homestreet, Inc Seattle , WA 98113
EO/AA Employer including Vets and Disabled
Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.
Job Description Summary
Responsible for underwriting and analyzing new and renewed lines of credit and loans of various types and complexities in accordance with Bank and Department policies and procedures. Credit requests may include syndicated and participated loans, real estate, Small Business Administration loans, nonprofit and tax exempt facilities. Active involvement in concept memo review process to assess early viability of requests. Assist in oversight of portfolio credit quality including risk assessment and overall portfolio maintenance.
Primary responsibility for underwriting and managing the team's most complex credits and increase requests
Assist with coordination and completion of renewals for team's credits
Provide feedback for concept memo meetings as appropriate
Write up preflights in coordination with Relationship Managers
Draft prospect/borrower information requests with Relationship Managers
Assist with ordering 3rd party reports, as necessary (third party reports to include credit reports, background searches and flood determinations, preliminary title, environmental, appraisals, collateral exams, UCC searches and flood termination/notification)
Review third party reports, as necessary
Draft new and renewal credit requests, in coordination with Relationship Manager or Portfolio Manager
Assists Portfolio Manager Underwriter with deal structures, as necessary
Draft CRE addendum
Review agreements including purchase and sale agreements, lease agreements, etc.
Shephard credit quest underwriting through various levels of recommendation and approval
May review loan documents prior to signing, as needed
May assist in obtaining insurance information, as needed
Primary role in closing signing meetings (internal and external)
May assist in coordinating booking documents, as necessary
Coordinates collection of financials and required tickler items from borrowers
Performs and/or assigns site visits for completion
Coordinate covenant testing and tickler follow up
May perform covenant tests on the most complex credits, as necessary
Review and/or draft waivers or forbearance requests and letters prior to issuance
Draft watch list credit comments for presentation
Draft Problem Loan Reports and handles adverse rated credits remaining on line
Assists with post-closing work (tickler setup, merging credit quest records), as necessary.
Bachelor's Degree in Business related field or equivalent education preferred
Ability to read and interpret a variety of financial statements required
Ability to spread financial statements using Credit Quest
Minimum of 7 years' experience in commercial credit underwriting or related experience
Strong written and oral communication skills, attention to detail, spelling, grammatical and proofreading abilities
Proficiency with Microsoft office products (Excel, Word, Outlook)
Must possess a positive attitude, good judgment, and the ability to accept responsibility and handle confidential information
Ability to meet deadlines and work under pressure
Willingness to assume additional responsibilities/duties/projects as they arise
MENTAL AND PHYSICAL CONSIDERATIONS:
Willing and able to travel occasionally as needed.
Able to operate a Personal Computer and view information on a monitor for extended periods.
Must be able to sit for many hours each day.
Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending.
Ability to lift or carry up to 20 pounds
Ability to speak English and express ideas and have difficult conversation in person and over the telephone
Ability to listen and comprehend speech.
Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.
Normal business office environment.
Ability to sit in artificial light for extended periods of time
This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future. For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.