Escrow Service Provider Requirements We have compiled the following information so you can compare for yourself the different types of escrow services available. You will be amazed at the vastly different requirements for Independent Escrow Companies, such as Santa Monica Escrow, when you compare them with escrow departments run by Real Estate Companies or Title Companies. Santa Monica Escrow is held to a much higher standard than other escrow service providers. We are committed to service and to doing the right thing for our customers.

Independent Escrow Company Requirements Independent Escrow Companies, such as Santa Monica Escrow, are held to a much higher standard than other escrow service providers such as those run by Real Estate Companies or Title Companies. Our Escrow Officers are certified. Escrow Managers are required to have 5 years of experience, and ALL employees have background investigations including photos and fingerprinting by the Department of Treasury. Bonding Required Audits performed regularly by the Department of Corporations (without any prior notice) and separate independent audits required annually by Certified Public Accountants. Deposited funds are protected and insured by the E.A. F. C. Net Worth and Liquidity Requirements governed by the State of California, Department of Corporations. Licensed and bonded by State of California, Department of Corporations Independent Companies are INDEPENDENT. We work solely for the buyer and seller guaranteeing true impartiality.

Real Estate and Title Company Escrow Department Requirements NO Escrow License required NO bonding required NO Escrow Officer Certification NO staff experience requirements NO employee background checks NO regular audits of any kind required NO net worth or liquidity requirements return to What is Escrow?