Why Independent Escrow?

Why Choose Independent Escrow?

Independent Escrow Companies are highly regulated by the State of California.  Unlike other types of escrow companies.  Independent Escrow Companies are regulated by the Department of Business of Oversight with strict accounting, insurances, liquidity, and auditing requirements.

You can feel more secure with an independent escrow company. Unlike banks, title companies and brokerages, as an independent firm we comply with more strict operational and CPA auditing, bonding requirements, financial liquidity requirements, and trust fund insurance guidelines. All of Escrow of the West’s staff have been approved through the Department of Justice and have undergone background checks prior to employment.

 

Independent

Title Company

Broker Owned

Bank or Saving & Loan

Management

5 Year experience as Escrow Officer

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 ✕

Licensed by Department of Business Oversight

✔︎

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

Annual audit with no prior notice

✔︎

Annual CPA audit

✔︎

Employees approved by DBO and Department of Justice

 

✔︎

 

 

 

Bonding requirement

✔︎

Req. for financial liquidity

✔︎

Trust fund insurance

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