Escrow is a service which provides the public with a means of protection in the handling of funds and/or documents. The Escrow process enables the buyer and the seller to transact business with each other through a neutral party, thereby minimizing their financial risk.
During the Escrow process, all parties involved give their instructions to this neutral intermediary, the “escrow holder” whose duty it is to ensure that no funds or property will change hands until all instructions have been carried to completion. In the ever increasing complexity of business, law and tax structures it takes a trained professional to supervise the transaction.
A licensed escrow company is the best possible neutral third party to complete your real estate or financial transaction. Whether searching for an Escrow holder for yourself or looking to recommend one to a client a licensed escrow company will give you peace of mind with regards to your money.
Controlled escrow companies are non-licensed businesses that can be owned by a variety of entities including Real Estate Brokers, mortgage brokers, banks, savings and loans and title insurance companies. Such companies fall under the jurisdiction of a variety of supervising agencies with regulations and requirements that vary widely.
None of the agencies have regulations as strict as those imposed on the escrow companies licensed by the Department of Business Oversight. These stringent requirements assure that every licensed Escrow company meets the highest standards in the industry.
Is committed to being a premier closing agent and escrow company that REALTORS®, lenders and title agents rely on to realize greater success to better serve their customers by delivering best-in-class closing and escrow services. They have a relentless commitment to excellence, integrity and innovation.