HomeStreet Bank Asset Manager III in Seattle, Washington

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

CRE Asset Manager III provides a primary point of contact for borrowers, internal departments and investors regarding HomeStreet Commercial Real Estate loans. This role is responsible for managing an assigned portfolio of CRE loans with a wide range of risk management and borrower/investor service tasks, including property and/or borrower financial analysis, property inspection, loan covenant management and enforcement, including defaulted loan management. This role ensures that all Asset Management functions are performed in accordance with HomeStreet CRE Lending Policy and Procedures, and investor guidelines where applicable. This role is supported by portfolio designated Credit Analysts and general Servicers.

Job Details


  • Review loan documents for covenants, maintaining strict tickler system to ensure compliance.

  • Analyze property level operating information to determine if collateral real estate is performing in accordance with underwritten (and investor) guidelines, and market comparable properties.

  • Analyze borrower and/or guarantor financial information, including individual and/or corporate tax returns, to determine financial ability for loan obligors to meet loan requirements.

  • Perform and/or review property inspections to ensure collateral is being maintained/operated in accordance with loan requirements and commercially reasonable parameters.

  • Monitor assigned portfolio for loan credit risk in accordance with HomeStreet and investor Watchlist compliance guidelines, including annual Asset Quality Rating (AQR) reviews and Problem Loan Reports.

  • Administer borrower requests for lender consent and disbursements from reserves, including insurance loss proceeds, as needed.

  • Manage maturing loans through payoff, including preparation of payoff quotes and documents as needed.


  • High school diploma or equivalent required, Bachelor’s in related field preferred. Education should include courses in economics, accounting, finance, commercial real estate or business management.

  • 3 years’ experience in commercial real estate finance Asset Management, or equivalent experience in commercial real estate finance disciplines, such as underwriting, reserve administration, defaulted loan management, special servicing, and/or credit analysis.

  • Demonstrated experience in commercial or multifamily property analysis, including OSAR operational reporting, property management agreements, loan document review, physical condition assessments, market research and title review.

  • Demonstrated excellent written and oral communication skills.

  • Demonstrated experience working closely with other commercial real estate finance areas, such as inspection vendors, appraisers, property managers, accountants, brokers, insurance adjusters, etc.

  • Demonstrated ability to work independently, take initiative, set priorities, follow through on assignments, assess conditions and make recommendations with supporting analysis.

  • Demonstrated ability to display good judgment, maintain a professional demeanor, accept responsibility and handle confidential information.

  • Demonstrated experience with common office system applications, including Word, Excel, and Adobe.


  • Prior experience with Fannie Mae multifamily lending products, including Fannie Mae underwriting and administration guidelines, Green Loan lending program, and MAMP applications.

  • Prior experience with McCracken Strategy® or Enterprise!® loan servicing platforms.

  • Prior experience with Backshop® Commercial Real Estate software.

  • Prior experience with CoStar, REIS or CBRE market research products.

  • Prior experience with CREFC IRP.


  • Able to operate a Personal Computer and view information on a monitor.

  • 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.

  • May be required to stand for extended periods of time.

  • Ability to lift or carry up to 10 pounds

  • Ability to speak and understand 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.

  • Willing and able to travel as needed.


  • Normal business office environment.

  • Ability to work 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.


Commercial (Sales)

Who We Are

Founded in 1921, HomeStreet Bank offers consumer and business banking, mortgage financing, commercial lending, investment and insurance products and services in the Pacific Northwest, California and Hawaii. We maintain a shared goal across teams and regions to be the trusted and preferred source of financial services for our clients.

Our drive to achieve this goal begins with trust – in our own abilities and in those who we work with each day. At HomeStreet, we respect and empower our employees to make decisions that support innovation, and deliver results for customers. Employees collaborate across teams to make the right decisions, share knowledge, continually move forwards and grow.

We believe in promoting from within to deliver the strongest base of company knowledge, shared experience. And understanding about how our company has grown and evolved since its founding in 1921. Our teams reflect motivation, caring and a drive to achieve while having fun and supporting the communities where we live and work. This is how we deliver value every day.

Work Culture

As a rapidly expanding company, HomeStreet offers many opportunities to learn and grow. Throughout a period of dramatic growth, we have preserved the tradition of working in cross-functional project teams and promoting advancement across the company. Whether your interest lies in the banking or lending aspects of our business, if you have a desire to learn, are enthusiastic, perform quality work and have a passion for customer service, you will thrive in this fast paced and fun environment where people respect and help each other.

Diversity and Inclusion


HomeStreet is committed to a diverse workplace with employees from a wide range of backgrounds. We recognize that a more diverse workforce translates to broader perspective and greater understanding, which in turn translates to a greater capacity for customer service. We focus on recruiting and retaining employees from different backgrounds and who are representative of the people in our communities. By doing so, we are better able to serve our customers and understand their financial services needs and goals.

Equal Employment Opportunity

Equal employment opportunity is a fundamental HomeStreet belief. We practice fair and equal treatment for everyone, regardless of race, color, national origin, ancestry, religion, creed, political ideology, gender, marital status, sexual orientation, age, or the presence, history or perception of having any sensory, mental or physical disability, genetic information, or protected veteran status. In addition, we ensure compliance with federal, state and local laws governing nondiscrimination in employment. This philosophy applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Employing Individuals with Disabilities

HomeStreet embraces the American with Disabilities Act (ADA) and applicable state and local laws providing for nondiscrimination in employment against qualified individuals with disabilities. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment with HomeStreet Bank:

Come Grow With Us

For more than 90 years, HomeStreet Bank has maintained a strong commitment to ethics, customer service and support of our communities. Building trust with our customers and employees is at the core of everything we do, and we’re looking for talented and motivated people to join us as we grow and evolve as a company.

We are an equal opportunity employer with a commitment to employee development. We continually aim to build and maintain a successful team of talented people who feel challenged to do their best every day. We hire for potential, support personal development, and whenever possible, promote from within.

We offer competitive salaries, benefits, and incentives with the opportunity to give back to the community. Whether you’re just beginning your career in financial services, or have years of experience, we have a wide range of job opportunities for you to consider.