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.