Job Information
HomeStreet Bank Commercial Loan Operations Servicer II, Consolidated Loan Operations (Brea, CA) in Seattle, Washington
Salary Range: $25.05 - $40.10 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: November 12, 2024 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: Role performs a wide range of duties related to the loan boarding and servicing of HomeStreet's commercial loan portfolio. Loan portfolio includes direct and brokerage originated loans for commercial real estate, residential construction and commercial lending loans held for sale, loans serviced for HSB balance sheet and loans serviced for third party investors, including Fannie Mae DUS and SBA. Position directly and frequently interacts with a wide range of parties, including borrowers, insurance and title companies, investors, auditors, other lenders and multiple vendors. Position works in collaboration with the origination business units; Commercial Real Estate, Commercial Lending and Residential Construction. May perform other servicing related activities not listed below. Job Details: PRIMARY FUNCTIONS: Board/ set up complex loans on the servicing system per the terms of the loan documents. Administer PAT activities, including setup, changes, cancellations and ACH posting rejects. Reserve and escrow account administration, including account setup/closure, disbursement review, and audit. Administer real property tax activities, including tax escrow disbursements, and monitoring of non-escrowed loans, delinquent taxes and tax vendor reporting. Prepare annual and off-schedule tax/insurance escrow account analysis. Disbursement of construction loan proceeds. Administer interest reserve payments for construction loans. Perform daily batch reconciliation of all transactions processed. ARM loan administration including adjustment changes, audit, notice and daily ARM index review. Administer loan payoff tasks, including calculation/verification of payoff amounts, prepare payoff demands, maintain payoff tracking report, post payoff funds, and reconveyance. Administer participation loan activities. Respond to standard customer inquiries and requests for VOMs, LTOB requests, loan histories, and statement copies. Initiate collection calls and follow up for payment as needed. Prepare and submit UCC continuation and terminations for filing. Disburse insurance premiums for escrowed loans. Administer lender placed insurance (FPI) as needed. Monitor flood zone reports, including monthly certification. Assist production units as requested Upload documentation to OnBase electronic imaging platform.