COMPARE WITH ESCROW COMPANIES - Escrow Innovations

COMPARE ESCROW COMPANIES

DFPI VS OTHER ESCROWS	LICENSED INDEPENDANT ESCROW COMPANIES	REAL ESTATE BROKER OWNED ESCROW DEPARTMENTS	TITLE COMPANY ESCROW DEPARTMENTS
STATE REGULATOR	DEPARTMENT OF CORPORATION	DEPARTMENT OF REAL ESTATE	DEPARTMENT OF INSURANCE
BONDING REQUIRED	YES	NO	NO
MANAGER ESCROW EXPERIENCE REQUIREMENT	5 YEARS OF EO EXPERIENCE OR 4 YEARS OF EO	NO	NO
REGULATOR	YES EVERY 12 to 24 MONTHS BY THE DOC (with no prior notice)	NO D.R.E. AUDITORS GO OUT BY APPOINTMENT ONLY	INTERNAL AUDIT AT EMPLOYER’S DISCRETION
ANNUAL CPA AUDIT REQUIRED	YES	NO	NO
TRUST FUNDS INSURED	YES $5,000,000.00 ESCROW AGENTSFIDELITY CORP (EAFC) COVERSALL LICENSED ESCROW CORPORATIONS	YES D.R.E. RECOVERY FUND MAXIMUM $25,000.00 PER INDIVIDUAL COLLECTIBLE ONLY AFTER A CONVICTION FOR FRAUD	NO
FINANCIAL LIQUIDITY REQUIREMENTS	YES	NO	NO
ESCROW LICENSE REQUIRED	YES	NO	NO
ASSUMED IMPARTIAL AS A THIRD PARTY	YES	ESCROW OFFICER IS AN EMPLOYEE OF BROKER, WHO HAS INFLUENCE OVER THE TRANSACTION	TITLE DEPARTMENTHAS ACCESS/CONTROL OF ESCROW MONEY AND PROCEDURES
DEPARTMENT OF JUSTICE CRIMINAL BACKGROUND CHECK OF ALL EMPLOYEES, OWNERS, AND STOCKHOLDERS	YES	YES	NO

MOST IMPORTANT QUESTIONS TO ASK YOUR ESCROW COMPANY

Reach out to us if you cannot find an answer to your question.

Does your escrow company have a reputation for excellence, and outstanding communication?

At Escrow Innovations, Inc., we’ve built a strong reputation for reliable escrow services and clear communication. We know the escrow process can feel complex, so our team focuses on accuracy, transparency, and timely updates to keep every transaction on track.

Does your escrow company have an experienced staff and secure resources to handle all of your escrow needs?

With more than 60 years of combined escrow experience, our team has the knowledge to guide buyers, sellers, and agents through every step of the escrow process. We pair experienced escrow officers with modern, secure technology to support smooth and efficient transactions.

Clients and agents also benefit from our secure online escrow portal, which provides real-time access to documents and updates throughout the transaction.

Is your escrow company DFPI approved?

Escrow Innovations, Inc. is fully licensed and regulated by the California Department of Financial Protection and Innovation (DFPI). Our licenses (#96DBO-157337 and #96DBO-176013) require strict compliance with state regulations, audits, and accounting standards.
Licensed independent escrow companies provide protections designed to safeguard both buyers and sellers, which is why choosing a DFPI-licensed independent escrow company matters.