Why Choose Independent
You can feel more secure with an Independent Escrow Company. Unlike Title Companies, Brokerages or Banks, an independent firm must comply with stricter operational and CPA auditing, bonding requirements, financial liquidity requirements and trust fund insurance guidelines. Newhall Escrow Company is licensed by the Department of Corporations for the State of California.
All of our staff have been approved with the Department of Justice. Additionally, with less bureaucracy, our independent escrow company more easily achieves greater efficiency and productivity.
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Independent
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Title Company
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Broker Owned
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Bank/Savings & Loan
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Management Experience Required
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YES, 5 years experience as an Escrow Officer
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NO
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NO
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NO
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Licensed by (DOC) Department of Corporations
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YES
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NO, Regulated by Department of Insurance
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NO, Licensed through the Real Estate Broker Regulated by DRE
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NO, Regulated by Department of Financial Institution
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Annual Surprise Audit
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YES
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NO
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NO
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NO
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Annual CPA Audit
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YES
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NO
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NO
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NO
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Staff approved by Department of Justice
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YES
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NO
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NO
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NO
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Bonding Requirement
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YES
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NO
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NO
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NO
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Requirement for Liquidity
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YES
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NO
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NO
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NO
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Trust Fund Insurance
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YES
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NO
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NO
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NO
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