1st Security Bank Announces Extended Mortgage Closure Options With Remote Online Notarization
MOUNTLAKE TERRACE, Wash., November 9, 2021 / PRNewswire / – 1st Security Bank (“the Bank”) now uses Remote Online Notarization (“RON”) for document closings signed by multiple buyers and sellers through its Home Lending division.
The eClose process allows borrowers to preview and sign most closing documents from an internet-connected device before meeting with a notary in person for identity verification and final document signing. With RON, the notary participates by live videoconference with the client and notarizes the documents virtually.
“RON is still an emerging technology and many escrow companies are still learning the process. With the added convenience for our borrowers, less travel time, less paper and less errors, I think this will be how we close most of our mortgages in the near future. ”Mentioned. Don costa, Executive Vice President of Home Lending. “Some familiarity with the technology is required to use the RON process, but each participant only needs access to the Internet and to a device connected with a camera.”
Remote online notarization standards ensure a high level of security and offer a fully digital fence option. 1st Security Bank borrowers can now complete the signing process from virtually anywhere in the world.
About the 1st security bank of Washington
1st Security Bank of Washington, a member of the FDIC and Equal Housing Lender, provides loan and deposit services to clients at its twenty-one branches, and mortgage services at every branch as well as loan offices in the greater Puget Sound area and the Tri-Cities. FS Bancorp, Inc., a Washington company, is the holding company of the Bank.
Vice-President, Director of Marketing
E: [email protected]
SOURCE 1st security bank