1st Security Bank Adopts New Home Mortgage Closing Program – NMP Skip to main content

1st Security Bank Adopts New Home Mortgage Closing Program

May 13, 2021
1st Security Bank Logo
Director of Events

1st Security Bank adopted a new Hybrid/eNote program to increase the efficiency of its mortgage closing process while decreasing its environmental impact, according to a press release.

The platform enables home mortgage clients to sign most of their closing documents from any location with web access, resulting in a faster, more secure process overall, according to the company. The Bank estimates an annual savings of over 140,000 pages of paper.

"The Hybrid/eNote process is a significant improvement over traditional paper closing documents and notes," says Donn Costa, executive vice president, Home Lending at 1st Security Bank. "We are anticipating a nearly 100% paperless closing process in the near future, which will benefit our customers and the planet."

1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty-one branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area and the Tri-Cities. FS Bancorp, Inc., a Washington corporation, is the holding company for the bank.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
May 13, 2021
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026