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Why
Independent Escrow? |
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You can feel more secure with an independent escrow company.
Unlike banks, title companies and brokerages, an independent firm must
comply with stricter operational and CPA auditing, bonding requirements,
financial liquidity requirements and trust fund insurance guidelines.
We are licensed by the Department of Corporations for the
State of California. All of Escrow of the West’s staff has been approved
through the Department of Justice. Additionally, with less bureaucracy, our
independent escrow company more easily achieves greater efficiency and
productivity.
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Independent |
Title Company |
Broker Owned |
Bank or Saving & Loan |
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Management |
5 Year experience as Escrow Officer |
No |
No |
No |
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Licensed By Department of Corporations |
Yes |
No, Regulated by the Department of Insurance. |
No, Licensed Through the Real Estate Broker by the DRE |
No, Regulated by the Department of Financial Institution |
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Annual Audit With no prior notice |
Yes |
No |
No |
No |
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Annual CPA Audit |
Yes |
No |
No |
No |
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Employees approved by DOC and department of Justice |
Yes |
No |
No |
No |
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Bonding Requirement |
Yes |
No |
No |
No |
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Req. for Financial Liquidity |
Yes |
No |
No |
No |
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Trust Fund Insurance |
Yes |
No |
No |
No |
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9440 Santa Monica Blvd. #310. Beverly Hills, CA 90210, Toll Free: (866) 444-5560, Tel: (310) 402-5555, Fax: (310) 402-5556
13949 Ventura Blvd. #300. Sherman Oaks, CA 91423, Toll Free (888) 822-EOTW (3689), Tel: (818) 815 4444, Fax: (818) 815 2929
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