Escrow Requirements
A truly independent Escrow Company working to protect you and your assets.
| Independent Escrow Companies |
Broker Owned Escrow | Title Company Escrow | Savings & Loan Escrow |
Bank Escrow | |
Bonding Required |
YES | NO | NO | NO | NO |
Manager Requirements |
5yrs
as Escrow Officer or 4yrs Eo + School |
NO | NO | NO | NO |
Regular Operational Procedure Audit |
YES (Once a year with no notice) |
NO | NO | NO | NO |
Annual CPA Audit Required |
YES | NO | NO | NO | NO |
Trust Funds Insured |
YES (EAFC) | NO | NO | NO | NO |
Financial
liquidity Requirements |
YES | NO | NO | NO | NO |
Escrow
License Required |
YES | NO | NO | NO | NO |
Dept. Of
Justice Investigation of ALL Employees |
YES | NO | NO | NO | NO |
